Page 124 - 2021 ANNUAL REPORT draft
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Guaranty Trust Bank (Gambia) Limited Financial Statements December 2021
8. Net fee and commission income
Fee and commission income
In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Letters of Credit 7,492 9,980
Commission on Accepted Guarantees 1,039 2,083
Commission on Turnover 51,612 49,019
Commission Received - Money Transfers 772 1,291
Commission on Collection Activities 27,928 16,886
Cheque Book Commission 2,227 1,505
Commission on FX Transfers 16,234 15,873
Commission on Domiciliary Withdrawals 19,141 16,494
Arrangement Fees 11,633 11,755
MasterCard Transaction Fees 1,317 959
Legal Fees* 1,956 763
Visa Card Fees 11,398 0
E-Channel Income 45,651 0
Telephone and Telex Recovery 60,348 36,972
258,748 163,580
*Legal fee income from facilities
Fee and commission expense
In thousands of Gambian Dalasi
Dec.-2021 Dec.-2020
Bank charges 15,421 15,315
15,421 15,315
Bank Charges constitute Correspondent Bank Charges and Overseas LC Charges
9 Net trading income
In thousands of Gambian Dalasi Dec.-2021 Dec.-2020
Foreign exchange 104,235 83,464
Net trading income 104,235 83,464
This is income from foreign currency trading activities
