Banks in the Gambia

Standard Chartered Bank intend to leave the Gambia after 128 years of Operations

Gambia News, Market Information

Standard Chartered Plc, a major international bank has announced it intends to exit operations in The Gambia as well as Angola, Cameroon, Zimbabwe, Jordan, Lebanon, and Sierra Leone. Additionally, In Tanzania and Cote d’Ivoire, the Consumer, Private and Business Banking businesses will be exited and the focus will turn solely to Corporate, Commercial and Institutional […]

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personal finance gambia

Survey Report: Personal Finance Management in the Gambia

Analysis and Opinion

Data from the 2018 personal financial management survey in the Gambia shows a gap in financial literacy among youths. Download the full report here: Report Personal Finance Among Gambians The Report’s Conclusion Financial freedom is important to economic growth as we all strive for a more inclusive society. However, financial freedom can be achieved through the

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Gambia treasury bills rates and Gambia banking industry

Gambian banks faces interest rate risk as Tbill rates goes down

Analysis and Opinion

The Gambia banking industry faces financial risk as the yields on government treasury bills continues to go down throughout 2017 in addition to the Monetary Policy Committee rate cuts. The decline of these two important rates could affect the industry interest revenue and possibly the operating profit if the banks fail to change their investment

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skye bank plc selling subsidiaries

Skye Bank Plc to Sell Offshore Subsidiaries, Including Gambia

Gambia News, Market Information

Skye Bank Plc a Nigerian based commercial bank is planning to dispose of its majority stakes in the operations of Skye Bank Gambia, Guinea and Sierra Leone, according to Bloomberg reports. The Bloomberg reports also stated that the bank wants to drop its international banking licenses to ease pressure on capital buffers. Currently, international banking

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Small business loan gambia

How Bankers Assesses Small Business loan Applications

Finance, Small Business

Small business loan application is one of the common requests with high rejection rate in the commercial banking system.Who should be blamed for these loan rejections? Entrepreneurs, bankers or government regulators? I mostly blame the entrepreneurs for lack of preparation. In this article, I have discussed some key areas bankers consider when they are assessing

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savings products in banks in the gambia

General Savings Products and their Features

Personal Finance, Savings

We all save money for different reasons, however choosing the right savings products can be very helpful in managing your funds. Savings products are secure and liquid accounts offered by financial institutions in assisting the management of savings funds. Banks and micro-finance have many savings products with different characteristics in term of interest rate, liquidity and

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