The meeting, held at the bank’s Head Office on Kairaba Avenue, was chaired by Mrs. Fatou Sinyan Mergan, Chairperson of the Board of Directors. In her remarks, she commended the bank’s resilience and strategic focus in delivering value to stakeholders. She also reported positive performance across key business lines, including growth in customer deposits and improved profitability, despite a challenging economic environment.
The shareholders approved the payment of a dividend amounting to GMD542.082 million, representing a dividend per share of 118.79 bututs for the 2024 financial year. This reflects a 107% increase compared to the previous year’s dividend of 57.28 bututs per share.
The bank closed the year 2024 with a strong balance sheet, recording total assets of GMD21.7 billion and total capital of GMD2.47 billion positioning Ecobank as the industry leader in terms of financial strength.
During the period under review, Ecobank Gambia paid GMD422 million in taxes to the Gambia Revenue Authority (GRA), underscoring the bank’s significant contribution to national revenue and economic development.
Ecobank Gambia’s Corporate Social Responsibility (CSR) report highlights key initiatives undertaken in 2024. With a total donation of GMD 1.2 million, CSR remains a cornerstone of Ecobank’s corporate communication strategy, delivering tangible value to stakeholders and making a lasting impact on the communities we serve.
Looking ahead, Ecobank Gambia outlined its strategic focus on driving sustainable and inclusive growth, enhancing digital banking leadership and operational efficiency, strengthening risk management and governance frameworks, and investing in people and talent development. These efforts are aimed at delivering consistent value to shareholders and supporting national development.
The AGM concluded with expressions of appreciation to the bank’s staff, customers, and shareholders for their continued trust and support. Ecobank Gambia expressed satisfaction with the progress made towards becoming the most accessible and digitally driven bank, reaffirming its position as a leading financial partner for growth and development in The Gambia.
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About Ecobank Gambia
Ecobank Gambia is part of the Ecobank Group the leading pan-African private sector banking group with unparalleled African expertise. It operates in 35 countries across sub-Saharan Africa, as well as in France, the United Kingdom, the United Arab Emirates, and China. Ecobank Gambia employs over 200 people serving more than 120 thousand customers across our 8 branches and offers a comprehensive range of Personal, Commercial, and Corporate & Investment Banking products, services, and solutions through multiple channels, including digital.
For more information, please visit www.ecobank.com
