Page 106 - 2021 ANNUAL REPORT draft

Against Stage 3 Loans and Advances 47,023 -
Total 1,023,321 4,062,320

Analysis of credit collateral is further shown below:

Loans and advances
to customers
Gambian Dalasi Term Loans Overdrafts Others Total
Against Stage 1
Loans and Advances:

Property 2,544,468 - - 2,544,468
Equities - - - -
Cash 22,675 22,675
Guarantees - - - -
Negative Pledge - - - -
Treasury Bills - - - -
Total 2,567,143 - - 2,567,143
Against Stages 2 & 3
Loans and Advances:

Property 1,495,177 - - 1,495,177
Equities - - - -
Treasury bills - - -
Cash - - -
Guarantees - - - -
Negative pledge - - - -
Others - - - -
Total 4,062,320 - - 4,062,320
Grand total 4,062,320 - - 4,062,320

Repossessed collaterals:

During the period, the Bank did not repossess any property but repossessed properties amounting to
GMD22.654million in 2020 held as collateral against certain loans. The Bank obtained judgement for these
properties and sold them.

Details of repossessed collaterals during the period are shown below:

Dec. - 2021 Dec. - 2020

Type GMD GMD

Property 1 0 5,500,000
Property 2 0 11,000,000

Property 3 0 1,279,057

Property 4 0 4,875,000

Property 5 0 -

Total 0 22,654,057

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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021