Trust Bank Limited (Gambia)
Encyclopedia
Trust Bank Limited, commonly known as Trust Bank Limited (TBL), but also referred to as Trust Bank (Gambia), is a private commercial bank in the Gambia
. It is one of the fourteen (14) commercial banks licensed by the Central Bank of the Gambia
, the national banking regulator.
of Trust Bank Gambia Limited were listed on the Ghana Stock Exchange
(GHA), where they trade under the symbol: TBL.
. As of December 2007, the bank's total asset portifolio was about US$100 million (GMD:2.6 billion), according to published reports. The bank is one of the largest commercial banks in the Gambia, both by asset size and by branch network.
{| style="font-size:100%;"
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| width="100%" align="center" | Trust Bank (Gambia) Stock Ownership
|- valign="top"
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{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Social Security and Housing Finance Company (SSHFC) of The Gambia
||
|-
|2||DataBank of Ghana
||
|-
|3||Gambian Institutional Investors||
|-
|4||Gambian Individual Investors||
|-
|5||Ghana
ian Institutional Investors||
|-
|6||Ghana
ian Individual Investors ||
|-
|7|| Others||
|-
| ||Total||100.00
|-
|}
The Gambia
The Republic of The Gambia, commonly referred to as The Gambia, or Gambia , is a country in West Africa. Gambia is the smallest country on mainland Africa, surrounded by Senegal except for a short coastline on the Atlantic Ocean in the west....
. It is one of the fourteen (14) commercial banks licensed by the Central Bank of the Gambia
Central Bank of The Gambia
The Central Bank of The Gambia is the central bank of Gambia. Its name is abbreviated to CBG. The bank is located in Banjul.-Operations:...
, the national banking regulator.
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 stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of Trust Bank Gambia Limited were listed on the Ghana Stock Exchange
Ghana Stock Exchange
The Ghana Stock Exchange is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently has around 30 listed companies and 2 corporate bonds. All types of securities can be listed. Criteria for listing include capital adequacy,...
(GHA), where they trade under the symbol: TBL.
Overview
Trust bank is a medium-sized financial services provider in The GambiaThe Gambia
The Republic of The Gambia, commonly referred to as The Gambia, or Gambia , is a country in West Africa. Gambia is the smallest country on mainland Africa, surrounded by Senegal except for a short coastline on the Atlantic Ocean in the west....
. As of December 2007, the bank's total asset portifolio was about US$100 million (GMD:2.6 billion), according to published reports. The bank is one of the largest commercial banks in the Gambia, both by asset size and by branch network.
Ownership
The bank has over 1,000 shareholders with the largest shareholder being the Social Security and Housing Finance Corporation, (SSHFC) of the Gambia. The table below summarizes the shareholding in the bank's stock.{| style="font-size:100%;"
|-
| width="100%" align="center" | Trust Bank (Gambia) Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Social Security and Housing Finance Company (SSHFC) of The Gambia
The Gambia
The Republic of The Gambia, commonly referred to as The Gambia, or Gambia , is a country in West Africa. Gambia is the smallest country on mainland Africa, surrounded by Senegal except for a short coastline on the Atlantic Ocean in the west....
||
|-
|2||DataBank of Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
||
|-
|3||Gambian Institutional Investors||
|-
|4||Gambian Individual Investors||
|-
|5||Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
ian Institutional Investors||
|-
|6||Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
ian Individual Investors ||
|-
|7|| Others||
|-
| ||Total||100.00
|-
|}
Branch network
, the bank maintains branches at the following locations:- Head Office - 34 Ecowas Avenue, BanjulBanjul-Transport:Ferries sail from Banjul to Barra. The city is served by the Banjul International Airport. Banjul is on the Trans–West African Coastal Highway connecting it to Dakar and Bissau, and will eventually provide a paved highway link to 11 other nations of ECOWAS.Banjul International Airport...
- Bakau Branch - Sait Matty Road, BakauBakauBakau is a town on the Atlantic Ocean coast of The Gambia, lying west of Banjul. It is known for its botanical gardens, its crocodile pool Bakau Kachikally and for the beaches at Cape Point. It is the first major suburb outside Banjul and the most developed town in The Gambia...
- Airport Branch - Banjul International Airport, YundumYundumYundum is a small town in Gambia, east of the capital, Banjul. It is situated adjacent to the country's international airport....
- Bakoteh Branch - Tipper Garage, Bakoteh
- Basse Santa-Su Branch - Upper River Division, Basse Santa-Su
- Brikama Branch - Western Region, BrikamaBrikamaBrikama is one of the largest cities in The Gambia, lying south of Banjul in the Western Division. It is known for wood carving and for its musicians...
- Farafenni Branch - North Bank Region, FarafenniFarafenniFarafenni is a town in The Gambia, lying on the Trans-Gambia Highway in the North Bank Division, just south of the border with Senegal. It is an important market town....
- Kaloli/Senegambia Branch - Wilmon Company Building, Bertil Harding Highway, Kaloli
- Latrikunda Branch - Sabiji, SerrekundaSerrekundaSerrekunda is the largest city in The Gambia, lying southwest of Banjul. Its population as of 2006, was 335,733 people. Although Banjul is The Gambia's capital, it is on an island, making further growth difficult and channeling much of the growth to Serekunda.Serrekunda is known for its market,...
- Serrekunda Branch 2 - Sayerr Jobe Avenue, Saho Kunda, SerrekundaSerrekundaSerrekunda is the largest city in The Gambia, lying southwest of Banjul. Its population as of 2006, was 335,733 people. Although Banjul is The Gambia's capital, it is on an island, making further growth difficult and channeling much of the growth to Serekunda.Serrekunda is known for its market,...
- Serrekunda Branch 3 - Westfield Junction, SerrekundaSerrekundaSerrekunda is the largest city in The Gambia, lying southwest of Banjul. Its population as of 2006, was 335,733 people. Although Banjul is The Gambia's capital, it is on an island, making further growth difficult and channeling much of the growth to Serekunda.Serrekunda is known for its market,...
- Soma Branch - Lower River Region, SomaSomaSoma , or Haoma , from Proto-Indo-Iranian *sauma-, was a ritual drink of importance among the early Indo-Iranians, and the subsequent Vedic and greater Persian cultures. It is frequently mentioned in the Rigveda, whose Soma Mandala contains 114 hymns, many praising its energizing qualities...