10th September, 2021
A delegation from Rokel Commercial Bank has visited the Socfin Agricultural Company to discuss plans for the establishment of a new branch around the company’s area of operation.
The trip was also part of the bank’s ambitious marketing and expansion strategy as it continues to make significant inroads into the country’s financial sector. Leading the delegation was RCBank’s Managing Director, Dr Ekundayoh Gilpin who explained; “we want to have an outlet here. We also came to boost the confidence of the SOCFIN Management that we are serious”
General Manager of SOCFIN, Philip Tonks, welcomed the idea of a business relationship with RCbank and said the bank had come at a time when the company had incorporated the four government built Agricultural Business Centers (ABCs) within their operational areas into Small and Medium Enterprises (SMEs). This, he said was part of their corporate social responsibility. The SOCFIN boss also believed Rokel Commercial Bank would come in handy to support the new business model that would make the ABCs far more effective.
At the end of the deliberations, the general consensus was that; both institutions can form a mutually beneficial partnership for optimal growth.
SOCFIN, a multi million dollar company can arguably boasts of the biggest oil palm plantation in the sub region with a planted area of 12, 300 hectares and an estimated production capacity of 30, 700 tons per annum. It currently employed over 3,000 workers mostly locals from Sahn malen, Pujehun District.
