Trust Bank Limited (Gambia) Explained

Trust Bank (Gambia) Limited
Type:	Public company
Location:	34 Ecowas Avenue Banjul, the Gambia
Key People:	Franklin Hayford Chairman, Njilan Senghore Managing Director^[1]
Num Employees:	240+
Locations:	12 branches
Assets:	US$121.4 million (GMD:4.75 billion (2013)
Revenue:	Aftertax:US$3.57 million (GMD:139.6 million) (2013)
Industry:	Financial services
Products:	Loans, Checking, Savings, Investments, Debit Cards

Trust Bank Limited (Gambia), commonly known as Trust Bank Ltd (TBL), but also referred to as Trust Bank (Gambia), is a private commercial bank in the Gambia. It is one of the fourteen commercial banks licensed by the Central Bank of the Gambia, the national banking regulator.^[2]

History

Trust Bank Limited was founded in 1997 by private investors, with the objective of offering banking services to local and International individuals and businesses in a timely, professional, courteous manner, in a profitable framework. At its inception, Trust Bank acquired the assets and liabilities of the defunct Meridian Biao (Gambia) Bank.

In 2002, the shares of stock of Trust Bank Gambia Limited were listed on the Ghana Stock Exchange (GHA), where they trade under the symbol: TBL.

Overview

Trust bank is a medium-sized financial services provider in the Gambia. As of December 2013, the bank's total assets were valued at approximately US$121.4 million (GMD:4.75 billion), and its shareholders' equity exceeded US$11.3 million (GMD:440.2 million).^[3] The bank is one of the largest commercial banks in the Gambia, both by asset size and by branch network.^{[4] [5]}

Ownership

The bank has over 1,000 shareholders with the largest shareholder being the Social Security and Housing Finance Corporation, (SSHFC) of the Gambia.

Branch network

, the bank maintains branches at the following locations:^{[6] [7]}

1. Head Office - 34 Ecowas Avenue, Banjul
2. Bakau Branch - Sait Matty Road, Bakau
3. Airport Branch - Banjul International Airport, Yundum
4. Bakoteh Branch - Tipper Garage, Bakoteh
5. Basse Santa-Su Branch - Upper River Division, Basse Santa Su
6. Brikama Branch - Western Region, Brikama
7. Farafenni Branch - North Bank Region, Farafenni
8. Kaloli/Senegambia Branch - Wilmon Company Building, Bertil Harding Highway, Kololi
9. Latrikunda Branch - Sabiji, Serrekunda
10. Serrekunda Branch 2 - Sayerr Jobe Avenue, Saho Kunda, Serrekunda
11. Serrekunda Branch 3 - Westfield Junction, Serrekunda
12. Soma Branch - Lower River Region, Soma

See also

• List of banks in the Gambia
• Central Bank of the Gambia

Notes and References

1. Web site: About Us - Our Management Team . January 31, 2023 . Trust Bank Ltd.
2. Web site: Commercial Banks In The Gambia . Central Bank of The Gambia . 14 May 2014.
3. Web site: Trust Bank Limited: Unaudited Balance Sheet As At 31 December 2013. Slideshare.net. 14 April 2014.
4. Web site: Musa. Ndow. Trust Bank Profits Fall by 65% While Total Assets Increased by 14%. The Observer (Gambia). 16 May 2008. 14 April 2014.
5. Web site: Point. The. Interview with Mr. Pa Macoumba Njie, Managing Director of Trust Bank Ltd. On TBL's 10th Anniversary. Gambia News Community (Wow.gm). 10 December 2007. 14 April 2014.
6. Web site: Trust Bank Gambia Limited. Accessgambia.com (Gambia Information Site) . 14 April 2014.
7. Web site: Trust Bank Branch Locator. Trust Bank Gambia Limited. 14 April 2014.