Page 100 - GTBank Annual Report 2020 eBook

Transactions with key management personnel
The Bank’s key management personnel, and persons connected with them, are also considered to be
related parties. The definition of key management includes the close members of family of key personnel
and any entity over which key management exercise control. The key management personnel have been
identified as the executive and non-executive directors of the Bank. Close members of family are those
family members who may be expected to influence, or be influenced by that individual in their dealings with
Guaranty Trust Bank (Gambia) Limited.

Management Exposures

Dec.-2020 Dec.-2019
Management Housing Loans 9,119 11,051

Staff Exposures

Dec.-2020 Dec.-2019
Staff car loans 4,528 4,314
Staff personal loans 3,279 5,184

st
Risk assets outstanding 31 December 2020
During the year, the Bank granted various credit facilities to companies whose directors are also directors
of Guaranty Trust Bank (Gambia) Limited at rates and terms comparable to other facilities in the Bank's
portfolio. There was no outstanding on these facilities at the end of the year. The status of performance of
each facility is as shown below:

Nature
Facility Dec.- Dec.-
Name Relationship type Status of Security 2020 2019
Sola David
Mahoney Director - - - - -

Director related Deposit liabilities

Name Relationship Facility type Dec.-2020 Dec.-2019
Sola David
Mahoney Director Related Demand Deposits 271 203

Benjamin Carr Director Related Demand Deposits 431 0

31. Events after reporting date
There are no events after the reporting date that require disclosure in these financial statements.

32. Compliance with banking regulations
The Bank largely complied with most banking regulations and provisions during the year except for a
penalty charge of D207, 000 that was imposed

Annual Report 2020
Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 98