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Rokel
Commercial Bank Presents Le 2 Billion Dividend
The
Rokel Commercial Bank Ltd. on Monday 29th May
2007 presented a cheque of Le2,855,347,200 to
President Ahmad Tejan Kabbah as dividend to the
Government of Sierra Leone for the 2005 financial
year.
At
the presentation ceremony which took place at
the State Lodge, the Chairman of the Board, Mr.
Y.T. Sesay, said although there was a slight decrease
in the dividend as compared to the previous year
due to challenges the Bank faced in terms of fuel
price and increase in inflation rate. The Rokel
Commercial Bank however still made some gains
in the area of infrastructure and staff training
to meet current technological challenges. He said
that the bank has opened a new branch at Congo
Cross and plans are underway to reopen the Makeni
branch.
President
Kabbah praised the bank's management for their
good work but however raised concern about the
large margin between interest on money saved and
that on loans to customers.
He
asked the bank to look into this as well as the
matter of opening a new window that could enable
businesswomen to have access to small loans since
women are the backbone in many households.
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