Page 66 - Ecobank Gambia Annual Report 2020

Financial Statements & Annual Report

Notes to the Financial Statements

for the year ended 31 December 2020 (in Thousands of Gambian Dalasis)

Repossessed collateral

During the year ended 31 December, the Bank did not take possession of any collateral held as security:

2020 2019
Nature of assets Carrying amount Carrying amount
Collateral Related loan Collateral Related loan
GMD’000 GMD’000 GMD’000 GMD’000

Residential property - - - -

Commercial property - - - -

Vehicle and equipment - - - -

- - - -

Below are the Values of Collateral against the Loans and Advances for the period ended 31st December 2020.

Assets Pledged as security 2020 2019
GMD’000 GMD’000
Current Account
Floating Charges 399,500 301,000
Cash & cash Equivalents
Receivables 77,500 87,000

Non-Current 901,000 860,012
Mortgages: Land & Building
Equipment 1,318,000 1,248,012

Total Assets pledged as security 209,500 201,003
303,221 300,120
512,721 501,123
1,830,721 1,749,135

64 Ecobank Gambia Annual Report 2020 www.ecobank.com