Page 53 - GTBank Annual Report 2020 eBook

Information about operating segments December 2019

In thousands of Retail& Public
Gambian Dalasi Corporate SME Commercial Treasury Sector
Division Division Division Division Group Total
Revenue:
Derived from external
customers 182,519 117,941 89,845 203,973 43,453 637,731
Total Revenue 182,519 117,941 89,845 203,973 43,453 637,731
Interest expenses (209) (12,342) (6,134) (33,286) (799) (52,770)
Fee and commission
expenses (5,542) (424) (4,842) (2,565) (4,836) (18,209)
Net operating income 176,768 105,175 78,869 168,122 37,818 566,751
Expense: -
Operating expenses (96,778) (115,319) (27,134) (22,902) (22,357) (284,490)
Credit loss expense on
financial assets (2,818) (3,431) (13,019) (9,100) (197) (28,565)
Depreciation of property,
equipment and
Amortisation of intangible
assets (15,991) (14,087) (12,212) (11,780) (8,562) (62,632)
Total Cost (115,587) (132,837) (52,365) (43,782) (31,116) (375,687)
Segment Profit before
income tax 61,181 (27,662) 26,504 124,340 6,702 191,065
Income tax expense (15,019) 7,469 (6,439) (36,124) (2,810) (52,923)
Profit for the year 44,162 (20,192) 20,065 88,216 3,892 138,142

Assets and liabilities:
Total assets 853,336 2,704,654 441,281 2,529,584 400,721 6,929,575
Total liabilities (711,575) (4,475,615) (305,970) (245,966) (385,817) (6,124,944)
Net Assets/ (Liabilities) 141,761 (1,770,961) 135,311 2,283,618 14,904 804,631

Assets:
Loans and advances to
customers 388,794 382,053 263,913 10,651 10,700 1,056,111
Others 464,541 2,322,601 177,368 2,518,933 390,021 5,873,464
Total assets 853,335 2,704,654 441,281 2,529,584 400,721 6,929,575

Liabilities:
Deposits from
customers 394,229 4,662,397 255,668 209,191 355,790 5,877,275
Others 317,347 (186,782) 50,302 36,775 30,027 247,669
Total liabilities 711,576 4,475,615 305,970 245,966 385,817 6,124,944

Annual Report 2020
Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 51