Page 123 - 2021 ANNUAL REPORT draft
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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021
7. Net interest income
In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Interest income calculated using the effective interest
method
Loans and advances to Customers 144,545 149,758
Due from banks 5,014 2,574
Debt instruments at FVOCI - -
Treasury bills 223,501 302,260
Debt instruments at amortized cost:
Government bond 15,308 20,215
CBG bond 94,922 36,990
483,290 511,797
Geographical location
Interest income earned in The Gambia 478,276 509,223
Interest income earned outside The Gambia 5,014 2,574
483,290 511,797
Interest expense
Due to banks 604 649
Due to customers 19,286 37,114
Interest expense on lease liabilities 5,446 5,016
Total interest expense 25,336 42,779
Geographical location
Interest expense paid in The Gambia 25,336 42,779
Interest expense paid outside The Gambia - -
25,336 42,779
