Rokel Bank Scoops NLe 191.6 Million Profit
The Bank of Sierra Leone has permitted the Rokel Commercial Bank Statements of Account – revealing a staggering NLE191, 627, 038 (One Hundred and Ninety-One Million, Six Hundred and Twenty Thousand and Thirty-Eight Cents) for the 2023 Financial Year.
Profit after tax is Nle142,802,319, eclipsing the NLe69,48,024 the earlier 12 months.
This vital achievement represents a 104% improve from the NLe94 Million recorded in 2022. Consequently, buyer deposits rose to NLe2.9Billion indicating a 25% improve from NLe 2.35Billion recorded in 2022.
The progress in deposits has triggered a big progress within the financial institution’s stability sheet from NLe3.2Billion in 2022 to NLe3.8Billion in 2023 representing a 18.75% improve respectively. Total earnings per share additionally grew from NLe0.76 per share (2022) to NLe1.56 per share (2023).
In September this 12 months, the RCBank Celebrated its twenty fifth Anniversary after a clean transition from Barclays Bank Plc in 1999 which had operated the financial institution for practically a century.
The celebrations have been marked by a number of indoor and outside actions together with Christian and Muslim thanksgiving companies and a particular occasion to recognizing workers who’ve had 15 to 35 years of unbroken file of service.
In every of those occasions, the Managing Director, Dr Walton Ekundayo Gilpin re-echoed a renewed sense of hope and dedication in increasing and making Rokel Commercial Bank a dominant drive within the subregional finance trade.
