Page 18 - Agib Bank Limited Annual Report 2021
P. 18
Charitable Donations
During the year ended 31 December 2021 the Bank made charitable donations of D341,000 (2020:
439,700).
The funds used in giving out charitable donations came from dividends received for the Trust Bank
shares held and interest earned from Interbank placements with other banks. The bank is not allowed to
benefit from these funds as an income for the bank but to give out as charity to the needy.
Directors and directors’ interest
The following directors who held office during the year had beneficial financial interest in the shares of
the company as detailed below. There have been no changes between the year end and the date of
this report.
Number of Shares held
% As at As at
holding 31- Dec- 2021 31- Dec -2020
Mr. Muhammed Jah 80.74 20,500,958 20,500,958
Auditors
The auditors, PKF, having indicated their willingness, will continue in office in accordance with Section
342 (2) of the Companies Act 2013.
Agib Bank Annual Report 2021 www.agib.gm 18 Annual Report and IFRS Financial Statements
