Page 90 - 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)

2020 Impairment Impairment Net Impairment
Reserves _2020 Reserves _2019 Charges to P&L

Movement in Impairment D ’OOO D ’OOO D ’OOO
18,111 4,921 13,190

Gross Impairment Carrying Gross Impairment Carrying
amount allowance amount Amount Allowance Amount
2020 2019
D’000 D’000 D’000 D’000 D’000 D’000
Corporate & Investment Bank:
Overdraft 99,142 (1) 99,141 1 23,421 (1,132) 122,289
Term Loans 346,282 (2) 346,2820 596,217 (1,515) 594,147
Commercial Bank:
Overdraft 148,250 (15,391) 132,859 194,983 (946) 194,037
Term Loans 362,654 (917) 361,737 577,010 (176) 576,834
Consumer Bank:
Overdraft 9,615 (27) 9,588 3,865 (591) 3,274
Term Loans 147,478
1,113,421 (1,088) 146,390 189,772 (5) 189,767

(17,426) 1,095,995 1,685,268 (4,365) 1,680,346

Gross Impairment Carrying Gross Impairment Carrying
amount allowance amount Amount Allowance Amount
2020 2019
D’000 D’000 D’000 D’000 D’000 D’000
Corporate & Investment Bank:
LCS 519,294 (5) 519,289 256,518 (39) 256,479
Guarantees 584,775 (12) 584,763 1,200,470 (397) 1,200,073
Commercial Bank:
LCs 391,961 (348) 391,613 115,937 (94) 115,843
Guarantees 149,587 (85) 149,876 285,676 (26) 285,650
1,645,617 (556) 1,858,045
(450) 1,645,167 1,858,601

88 Ecobank Gambia Annual Report 2020 www.ecobank.com