The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

The Gambia Best Bank:Trust Bank

Botswana I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe The Gambia has had a stable government since 2002 but the growth of the economy has been in spite of this. The government has consistently sent confusing messages to private entrepreneurs and directly undermined important sectors of the economy, such as the re-export trade, with ill-considered interventions and changes in the law.

Although Standard Chartered is the market leader in banking, second-placed Trust Bank is growing rapidly and deserves the award for best bank in the country. Its market share has steadily increased from 29% in 2002 to 34% at the end of 2004 and the bank is the most profitable in the market, with after-tax profits up 15% in 2004 to $4.98 million.

Trust Bank was established in 1997, was listed on the stock exchange in 2002 and has a refreshing approach to its role in Gambian society – it boasts of having the highest tax bill in a country where tax evasion is endemic. Moreover, it continues to innovate in the market and will shortly offer its customers internet banking.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree