By Amadou Manjang
Trust Bank Gambia Ltd has reported a significant increase in interest income, rising from D820 million in 2023 to D1.1 billion in 2024. The announcement was made by the bank’s Board Chairman, Franklin A. Hayford, during its Annual General Meeting held at Ocean Bay Hotel in Bakau.
“This growth reflects our continued focus on prudent lending practices and optimizing investment returns,” Mr. Hayford told shareholders and stakeholders in attendance.
In his address, Hayford also highlighted a steady rise in the bank’s profit before tax, which climbed from D364 million in 2023 to D463 million in 2024. He attributed the improvement to strong lending growth, effective cost control, and strategic investments.
“Despite the challenging operating environment, our core business activities have remained strong,” he said.
Trust Bank’s total assets also grew, increasing from D11.5 billion in 2023 to D12.8 billion in 2024. Hayford said this growth signals the bank’s ability to seize market opportunities, strengthen customer trust, and expand its financial portfolio.
Deposits likewise saw an uptick, moving from D10 billion in 2023 to D10.7 billion in 2024. Hayford described the increase as a sign of ongoing customer confidence and the success of the bank’s deposit mobilization strategies.
Looking ahead, Hayford outlined the bank’s strategic priorities for 2025, which include further investment in digital banking, enhancement of product offerings, and geographic expansion within and beyond The Gambia.
“We will continue to focus on operational efficiency, customer experience, and innovation to position ourselves as the bank of choice for both individual and corporate clients,” he said.
