Page 81 - Ecobank Gambia Annual Report 2020
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Segment information is presented in respect of the the Central Treasury on an arm’s length basis to reflect
bank’s business segments. The primary format, business the allocation of capital and funding costs.
segments, is based on the bank’s management and Segment capital expenditure is the total cost incurred
internal reporting structure. during the period to acquire property and equipment,
Business segments pay and receive interest to and from and intangible assets other than goodwill.
Organizational Chart
The operations of the bank is guided by the below organogram.
BOARD OF DIRECTORS
MANAGING DIRECTOR
INTERNAL AUDIT LEGAL/ COMPANY
SECRETARY
INTERNAL CONTROL RISK MANAGEMENT
COMPLIANCE HUMAN RESOURCES
FINANCE
CONSUMER BANK COMMERCIAL BANK CORPORATE &
OPERATIONS & INVESTMENT BANK
TECHNOLOGY
Business segments categories.
The Bank operates three main business segments, Commercial Bank: This business segment consists of
namely Corporate and Investment Bank, Consumer bank customers who fall under the Bank’s business classification
and Commercial Bank: of Local Corporate, SMEs and schools, churches and local
Corporate and Investment Bank (CIB): This is composed NGOs.
of customers under the business classification of Global Transactions Service Group (TSG) which consists of the
Corporates, Regional corporates, Public Corporates, Trade Services and cash management was set-up in 2017
International Organization and financial institutions. to drive and grow this strategic business by working
The Treasury department which consists of Sales and closely with Commercial and Corporate & Investment
Assets and Liability (ALM) Units ; is part of the CIB banking segments.
Business Segment at the Group level, however within Transactions between business segments are on normal
Ecobank Gambia this is standalone Business segment. commercial terms and conditions. Funds are ordinarily
Consumer Bank: This business segment is composed of allocated between segments, resulting in funding cost
customers who fall under the Bank’s product classification transfers disclosed in operating income. Interest charged
of Premier, Advantage and Classic and Advantage for these funds is based on the Bank’s cost of capital.
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