Page 88 - 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)

11.23 Cash and cash equivalents As at 31 December
2020 2019
D’000 D’000

Cash in hand 1,254,381 1,231,815
Due from central banks other than mandatory reserve deposits 1,210,816 1,047,138
Included in cash and cash equivalents 2,465,197 2,278,954
Mandatory reserve deposits with central banks
- -
2,465,197 2,278,954
11.24 Loans and Advances to Banks
2020 2019
D’000 D’000
Items in Collections
Current Accounts with Banks 27 61
Placements with Banks 1,921,950 867,332
1,468,806 1,413,679
Less Accumulated Impairment 3,390,783 2,281,073

- -
11.25 Loans and advances to customers 3,390,783 2,281,073

2020 2019
Gross Loans and Advances at ammortised cost D’000 D’000
Less Accumulated Impairment 1,113,421 1,685,268
(17,427) (4,367)
1,095,995 1,680,900

86 Ecobank Gambia Annual Report 2020 www.ecobank.com