Rokel Commercial Bank integrates modern digital solutions, inclusive lending practices, and international banking standards to empower businesses, communities, and economic development.
“We are more than a bank; we’re a partner in Sierra Leone’s development, creating financial solutions that impact lives and businesses nationwide.” Dr Ekundayo Walton Gilpin, MD/CEO of Rokel Commercial Bank
Dr R. Ekundayo Walton Gilpin, MD/CEO of Rokel Commercial Bank (RCB), has emerged as a game changer in Sierra Leone’s banking industry. Since his appointment in 2017, Gilpin has led substantial achievements at RCB, establishing it as the country’s premier financial institution. His experience, leadership, and vision demonstrate not just a strong dedication to RCB but also to Sierra Leone’s future economic prospects.
Upon stepping into his role, Dr Gilpin found a bank weighed down by outdated practices and public skepticism. Recognizing the need for immediate change, he embarked on a strategic rebranding initiative. “Rebranding wasn’t just cosmetic; it symbolized a fresh start,” Gilpin says. The updated logo, featuring a refined shade of phantom blue and gold, encapsulated the bank’s
values of modernity and quality. This visual transformation was complemented by an internal overhaul, ensuring that the bank’s services matched its new image.
A key aspect of this transformation was addressing the bank’s paper-centric operations. “When I arrived, everything was on vouchers. I said, ‘No, no, no. We have to be digital.’ The bank must be in customers’ hands, accessible anytime,” Gilpin says. Today, RCB boasts a robust digital platform, enabling seamless transactions and enhancing customer accessibility.
Under Gilpin’s leadership, RCB experienced a dramatic financial turnaround. In 2016, the bank reported a profit of just 1.5 billion leones (US$65.6 million). By the end of 2017, after implementing strategic investments and workforce optimization, profits soared to 65 billion leones (US$2.8 billion) pre-tax. Gilpin attributes this success to a collaborative effort with a strong board and skilled staff. “We moved from survival mode to growth mode by instilling a culture of excellence and strategic planning,” he says.
The bank’s revitalized financial performance aligns with Gilpin’s philosophy of synchronized economic management. He views RCB as a microcosm of Sierra Leone’s economy, requiring well-coordinated systems to thrive. By focusing on strategic lending and digital innovation, the bank has reinforced its position as a key player in Sierra Leone’s financial system.
Digital transformation has been a cornerstone of RCB’s success. The bank now offers mobile banking applications and 24/7 account access, even during processing hours. These advancements have made banking more convenient for customers, particularly
in rural areas. “We have a young, tech-savvy population that needs a bank to identify with,” Gilpin says. By prioritizing digital innovation, RCB has successfully captured this demographic while maintaining its appeal to traditional customers.
Gilpin’s approach also includes adherence to global banking standards, ensuring stability, and facilitating international transactions. “Our corresponding banks in the U.S., U.K., and Turkey guarantee seamless financial interactions between Sierra Leone and the world,” he highlighted. These measures not only enhance customer trust but also bolster Sierra Leone’s appeal to foreign investors.
Financial inclusion remains a core focus for RCB. The bank has launched initiatives targeting underserved populations, including salary schemes and SME lending programs. “It’s not just about opening accounts; it’s about providing access to finance and ensuring sustainable repayment,” Gilpin says. By reducing default risks and expanding credit access, RCB is empowering small businesses and individuals across Sierra Leone.
RCB’s growth aligns with Sierra Leone’s Vision 2030, a strategy aimed at economic transformation. Gilpin sees the bank as a vital partner in achieving this vision. “We’re aligning with the President’s goals by fostering a stable financial system and simplifying investment
processes,” he says. By creating a banking environment that supports both local and international businesses, RCB contributes to Sierra Leone’s broader economic ambitions.
Looking ahead, RCB intends to grow its branch network, improve corporate lending tactics, and develop environmental and social responsibility programs. Furthermore, the bank intends to pursue prospects in the sub-region, solidifying its position as a regional financial leader. “We’re building today to secure tomorrow’s growth,” Gilpin says.
With a legacy spanning over a century, RCB continues to evolve, blending tradition with innovation. Under Dr Gilpin’s visionary leadership, the bank is not only redefining Sierra Leone’s banking sector but contributing to its economic resilience and global competitiveness.
Source:https://www.forbesafrica.com/africa-undiscovered/2025/04/09/building-financial-resilience-in-sierra-leones-banking-sector/