Page 16 - Agib Bank Limited Annual Report 2021

Overall, the bank remained well capitalized with capital adequacy ratio standing at 13.77% and is above
the regulatory requirement.

Return on Capital Employed has increased by 23.45% from 17.53% to 21.64% in 2021 as a result of the
significant increase in profit.

As an Islamic Bank, we will continue to be transparent in all our dealings with our shareholders,
esteemed customers and staff at large.

HUMAN RESOURCES

In the financial services industry, the quality of staff is critical to ensuring success. Our staff remain our
most valued asset and we are determined to ensure our valued staff perform their responsibilities in a
career progressive environment.

We will continue to nurture our achievements in this area and we have high hopes that the staff strength
in both quantity and quality at our disposal will do everything rightly possible to support the bank’s goals
and objectives.

In the year 2021, we lost our former Managing Director and a Director to the cold hands of death. Mr.
Nuha Marenah is greatly missed and we continue to pray that his soul rests in peace. The year 2021
also witnessed the retirement of Fatou Cham and Alhajie Sandang Jatta. We pray that they enjoy many
delightful years of retirement.

CORPORATE SOCIAL RESPONSIBILITIES

The bank being the only Islamic Bank in The Gambia is a house-hold name across the length & breadth
of the country in part because it is renowned for its corporate social responsibility towards the needy in
the form of cash and kind considerations. In the year 2021, our total interventions amounted to over
GMD350,000.

ACKNOWLEDGEMENTS

I wish to take this opportunity to thank the shareholders, Chairman of the Board of Directors, non-
Executive Directors and other relevant stakeholders for their trust and confidence in placing me as the
head of the management team of this noble institution and its wonderful workforce.

I would also like to thank our esteemed customers for their continued loyalty and support for our brand
and we will repay their patronage by being at their beck and call.

Finally, I would like to acknowledge our regulator for their support and guidance.

Agib Bank Annual Report 2021 www.agib.gm 16 Annual Report and IFRS Financial Statements