Page 82 - GTBank Annual Report 2020 eBook
P. 82
7. Net interest income
In thousands of Gambian Dalasi Dec.-2020 Dec.-2019
Interest income calculated using the effective interest
method
Loans and advances to Customers 149,758 115,983
Due from banks 2,574 10,891
Debt instruments at FVOCI - -
Treasury bills 302,260 245,210
Debt instruments at amortized cost:
Government bond 20,215 25,051
CBG bond 36,990 17,210
511,797 414,345
Geographical location
Interest income earned in The Gambia 509,223 403,454
Interest income earned outside The Gambia 2,574 10,891
511,797 414,345
Interest expense
Due to banks 649 733
Due to customers 37,114 47,333
Interest expense on lease liabilities 5,016 4,705
Total interest expense 42,779 52,771
Geographical location
Interest expense paid in The Gambia 42,779 52,771
Interest expense paid outside The Gambia - -
42,779 52,771
Annual Report 2020
Guaranty Trust Bank Gambia Limited www.gtbankgambia.com 80
