Page 69 - GTBANK GAMBIA ANNUAL REPORT 2021
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Repossessed collaterals:
During the period, the Bank did not repossess any property but repossessed properties amounting to GMD22.654million in
2020 held as collateral against certain loans. The Bank obtained judgement for these properties and sold them.
Details of repossessed collaterals during the period are shown below:
Dec. - 2021 Dec. - 2020
Type GMD GMD
Property 1 0 5,500,000
Property 2 0 11,000,000
Property 3 0 1,279,057
Property 4 0 4,875,000
Property 5 0 -
Total 0 22,654,057
Annual Report 2021
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