Category: Business & Finance

RCBank Posts Unprecedented Le192.8 Billion Profit, Share Capital Hits Le275.4 Billion

Freetown, 12th January 2026- Rokel Commercial Bank (RCBank) has recorded one of the most remarkable financial performances in Sierra Leone’s banking history, according to the 2024 financial statements released by the Bank of Sierra Leone. The figures reveal unprecedented growth despite mounting competition and external shocks in global financial markets.

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RCBank Posts Unprecedented Le192.8 Billion Profit, Share Capital Hits Le275.4 Billion

Freetown, 12th January 2026- Rokel Commercial Bank (RCBank) has recorded one of the most remarkable financial performances in Sierra Leone’s banking history, according to the 2024 financial statements released by the Bank of Sierra Leone. The figures reveal unprecedented growth despite mounting competition and external shocks in global financial markets.

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2024 Audit Reveals Over NLe11.83 Million in Unretired Funds and Unsupported Withdrawals at Tourism Ministry

Freetown, 9th  January 2026- The Ministry of Tourism and Cultural Affairs is facing renewed scrutiny after the 2024 Auditor General’s Report flagged over NLe11.83 million in unretired special imprests and undocumented bank withdrawals, raising serious concerns about financial accountability and public fund management.

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2024 Audit Report: SLCB Issued Over NLe356.58 Million in Unsecured Loans

Freetown, 9th January 2026- The Sierra Leone Commercial Bank (SLCB) is facing renewed calls for tighter risk controls after the 2024 Auditor General’s Report revealed that the institution had issued loans totalling NLe356,579,171.71 without collateral as of 31st December 2024. The findings raise serious concerns about credit risk exposure and the bank’s internal safeguards in managing public and private funds.

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