Page 84 - Ecobank Gambia Annual Report 2020
P. 84
Financial Statements & Annual Report
Notes to the Financial Statements
for the year ended 31 December 2020 (in Thousands of Gambian Dalasis)
11.14 Net fee and commission income 2020 As at 31st December 2019
Net Fee and Commission income GMD’000 GMD’000
53,799 89,540
Fee and Commission income 120,020 124,067
Credit related fees and commissions
Cash management and related fees 65,229 67,918
Card management fees 2,763 19,413
Other fees
Total Fee and Commission income 241,810 300,939
Other fees paid -2,677 -3,948
Net Fee amd commission income 239,133 296,991
11.15 Net trading income 2020 As at 31st December 2019
Net trading income
GMD’000 GMD’000
192,402 144,173
Foreign exchange 192,402 144,173
11.16 Other operating income 677 1,508
11,593 465
Gain on Disposal of Assets -
*Swift Recovery/Referral Charges 4,175 -
**Recoveries from Operational Loss 1,667
Recognition stale instruments (136)
Others 867 1,837
18,978
11.17 Personnel expenses
Wages and salaries 138,043 107,606
Social security costs 10,563 3,700
148,607 115,554
• Swift recoveries are commission from Swift transfers, these were classified as funds transfer commission in prior year.
• Recoveries from operational Loss relates to mainly recoveries from an ex-staff who committed fraud and an operational
loss from an external transfer.
82 Ecobank Gambia Annual Report 2020 www.ecobank.com
