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Trust Bank Holds 10th AGM

Fri, 16 May 2008 07:31:08 GMT

Friday, May 16, 2008

Amidst Promises of More Competent Banking

Trust Bank Gambia Limited, one of the leading banks in the country, yesterday held its 10th Annual General Meeting at the Kairaba Beach Hotel.

The highlight of the meeting, which brought together Directors and stakeholders of the bank, among others, was the receiving and adoption of the Annual Report and Accounts for the year ended 31st December 2007.

Also on the agenda of the meeting was the declaration of dividends; re-election of Board of Directors namely Messrs. Mustapha Njie, Tumbul Danso and Bai Matarr Drammeh; the approval of remuneration for the Directors and the appointment of Auditors for the bank.

Presenting the Annual Report and Financial statements of the bank for the year ended 31st December 2007, Mr. Ken Ofori-Atta, Chairman of the Trust Bank Board of Directors, highlighted the numerous developments undertaken by the bank since joining the already bustling financial market of The Gambia.

According to Mr. Ofori-Atta, despite the low profitability this year, Trust bank has registered a 14% increase over the previous year, becoming the biggest bank in the country in terms of total balance sheet size.

He added that with the opening of a new branch in Bakoteh, which brings the bank’s total outlets to 12, Trust bank is further consolidating its position as the bank with the largest network of branches in The Gambia.

“In 2008, we hope to bring banking to the door step of all Gambians by opening up more branches, installing multiple ATMs and point-of-sale machines,” he said.

Commenting on the bank’s Human Resources Development, the Trust bank chair noted that the bank recognises and rewards the invaluable contribution of its workforce towards its success. “As a result, the training budget takes into account the need to train our staff and equip them with the required knowledge and ability to place the bank in a leading position in the currently very competitive and dynamic industry,” he posited.

On Corporate Social Responsibility, Mr. Ofori-Atta underscored the tremendous contribution played by Trust Bank in the three major sectors of the socio-economic development of The Gambia namely Health, Education and Sports.

For his part, Mr. Pa Macoumba Njie, Managing Director Trust Bank Gambia Limited, intimated that Trust Bank has taken up to the challenge of the increasing number of banks in the country and that with the introduction of its Internet banking service, the bank is at a very advanced stage of developing more value added products.

According to Trust bank MD, Trust bank continues to actively participate in promoting social development, especially in the areas of health, sports and education.

“The outlook for 2008 is promising. The bank is aware that we are in an industry where customers have a choice and therefore, customer satisfaction and increasing shareholder value is ever more important,” he added.

Author: By Baboucarr Senghore

Source: Picture: Pa Njie (TBL's Managing Director)

List of 2008 GNOC AwardeesMost Outstanding Sports Personality

Mon, 12 May 2008 04:49:08 GMT

Monday, May 12, 2008

Alhaji Momodou Njie (Biri)

Hall of Fame

Ebou Joof, Edrissa Njie (Chiko), Ms Amie Kolleh Sinyan

Posthumous Merit Award

Abdou Karim George, Momodou Chuks Jallow, Saul Jeng and Robert Ndow

Honourary Merit Award

Fred Osam Duodu and Holger Obermann

Merit List Awardees

Fredrica Gifty Allen, Alpha Abu Khan, Saihou Omar Sallah, Saihou Sarr.

Sponsorship for Sports

Trust Bank/Western Union

Author: by Nanama Keita

Trust Bank Ltd: introduces new product

Mon, 28 Apr 2008 06:40:13 GMT

Monday, April 28, 2008

The Gambia’s leading Bank in the commercial banking industry on thursday launched a new product called Point Of Sale (POS) machine at the kairaba shopping centre along kairaba avenue in serrekunda.

The POS provides alternative payment method to cash when making a purchase and where in funds are withdrawn directly from the customer or the cardholder’s account. It also came with a debit card called Quick Cash which will be accepted by all exclusively selected shops, restaurants, supermarkets, and petrol stations.

With this product,Goods can be bought by its card and as well request for cash advance or cash back.

The POS service is an ideal product for all customers operating savings and current accounts with credit balances.

Speaking at the presentation ceremony at the Kairaba Shopping Centre along the Kairaba Avenue, Dudou Nyang, Marketing Manager at the Trust Bank said their customers can walk into any of the exclusively selected stores or merchant shops with the POS terminal to swipe, or may as well hand it to the cashier or teller to do so. “When the transaction is authorized and processed then customer authorizes the transaction by entering his or her pin”, he explained.

This service he added will also offer cash back facilities to customers, where a customer can withdraw cash with their purchase.

Mr Nyang used the occasion to remind all staff of the Trust Bank that the success of the service is entirely lies in their hands. “This is ours and hence we should be proud to have such a service for the convenience of our customers and also reduce our workload,” he implored.

He said the service is now available to all their customers and the application forms will be sent to all their Branches and agencies. He noted that they are now operating POS terminal at Kairaba Supermarket and their cards are acceptable.

“Please note that it is in the best interest of the bank that all accurate information about the POS is communicated to customers,” he informed.

Speaking earlier, Oreme Joiner, general Manager Trust Bank said the move is in fullfillment of the promised they made to the Gambian people. “As we want to bring banking very close to the doorsteps of our valuable customers and also making it very easy,” he noted.

Mr Joiner revealed that in their strive towards providing the best services to their customers, this is among one of the products they want to launch.

TBL’s General Manager used the ceremony to attractively called on those who are not     banking with them to come and joine them.

For his part, Sulayman Hassan thanked Trust Bank for providing them the good will service.

Mr Hassan concored very well to the fact that with the introduction of this service will help them a lot to curb the bad practices undertook by criminals in presenting to them false cheques. He added that the advent of this modern technological device, its importance cannot be over emphasize.

POINT OF SALE SERVICE (SELLING POINTS) BENEFITS FOR THE CUSTOMERS

“As we are experiencing a relatively advanced payment system we also experience dramatic improvements and positive changes , which will   conclude    saying “ we are moving to a cashless society sooner than later”. The   difficulties faced then now is the fact that paper currency and coins can also be bulky to transport and can be stolen.

It is also possible for clever criminals to produce counterfeit versions of bank notes. Therefore the POS system combats the above mentioned difficulties and facilitates efficiency, whereby payments can be affected without the physical movement of cash. This enables consumers or buyers to purchase goods by electronically transferring funds directly from the bank to a merchants account. Consumers who have access to the POS system can also view their account balances to avoid overdrawing.

BENEFITS TO THE MERCHANTS

POS system offers instan value, wherein cheque payments do not always provide instant value. It also relieves you (merchant) from the trouble of return cheques.

It facilitates efficiency, speedy transactions and certainly of payments. At the press of a button, the amount of purchase is deducted from buyers bank account. Electronic payment, already mean payment is private and secured.

Trust Bank has the widest branch networks and   highest customer base, therefore with this quality it can offer you with more buyers which can boost up your business. If you (Merchant) happen to accept our offer we will surely have to add you up to our adverts and publicity which will end up drawing the attention of customers to shop according to what you’re offering. Capture every sales opportunity.

Author: by Musa Ndow

Trust Bank Excellence in the Millennium Awards Held

Tue, 15 Apr 2008 06:06:52 GMT

Tuesday, April 15, 2008

As part of their contribution to education, the Trust Bank Gambia ltd. last Thursday awarded the certificates and D5,000 to ten outstanding students each from the various junior schools in the greater Banjul area. The event was held at the Corinthia Atlantic Hotel in Banjul.

The trust contribution to the education sector was boosted last year following the launch of a new package for school going children.

In his welcoming remarks, Mr. Dodou Nyang, Manager of Marketing and Sales at the Trust Bank, asserted that his bank is really proud of the outstanding students who made the excellent performance in their Gambia Basic Education Certificate Examination class of 2007. He said the President is very concerned with the issue of good education and health and the Trust Bank is among the stakeholders to strengthen the areas.

Mr. Nyang pointed out that Trust Bank is a special bank which intends to do business with people from all walks of life. He said the awardees should maintain their standards by continuing to show good performances in the various exams. He added that this is really proud time for their parents. “We, the Trust Bank, are passionately committed to the promotion of quality education as a prerequisite to national development.

Mr. Nyang therefore urged the awardees to keep the Trust bank flag flying higher and higher.

In delivering his keynote address Mr. Oreme Joiner, General Manager of Banking Operation, said that the occasion marked another important day in the history of the bank, as the Excellence in the Millennium Awards recognises students for their record performances in exams.

He said his bank also wants to recognise the invaluable role played by the principal and teachers, as well as the parents and the guardians, for providing the much-needed support to these students. He said his bank’s commitment to the partnership with government under the leadership of the president to fulfill their role in supporting the government in the health, education and sports sectors. He added that Trust Bank continues to make their annual donations to the schools at speech and prize giving days and university of The Gambia convocation ceremonies.

He therefore congratulated hardworking students, teachers and parents for these awards and hoped that it will give an added impetus to them in their pursuit of academic excellence.

In her opening remarks the Secretary of State for Basic and Secondary Education, Honourable Fatou Lamin Faye, said the prestigious event has become a calendar event. Secy. Faye asserted human rights based development and demographic trends, the recognition of the key role of education is growing in countries around the world, with The Gambia being no exception.

She pointed out that educational outcomes also extend beyond individuals and national income. She said Education is a force that develops well-rounded and engaged citizens, and builds more cohesive and participatory societies. She said higher rates of basic education completion and recognition of the positive gains to be realised from progressing to and completing secondary and tertiary-level programs are important.

The occasion was graced by staff of Trust Bank, parents, guardians, teachers and principals.

The awardees are Yasin Nyang SOS Junior Secondary school, Mam Tutu Panneh S D A Junior Secondary School, Momodou Musa Bah Gambia Methodist Academy, Ebrima Njie Gambia Methodist Academy, Deborah Akigbogon Gambia Methodist Academy , Njowene Gray Joshson Gambia Methodist Academy, Mary Ellen Mendy Ndow Junior Secondary School and Ahmad Savage Gambia Methodist Academy.

Author: By Bakary Samateh

Breach of Trust lands businessman in court

Wed, 30 Jan 2008 04:31:11 GMT

Wednesday, January 30, 2008

Johannes Hermse a resident of Marakisa Village in Kombo Central on Wednesday took one Kebba Dambelly beofre Majistrate EF M’bai of the Brikama Magistrates’ Court for the recovery of the sum of 6, 350 pounds, which he Mr Hermse sent to the defendant Mr Dambelly from April to may 24 2002. According to Mr Hermse, he instructed the defendant Kebba Dambelly to deposit the said amount into his (Johannes Hermse’s ) account at Trust Bank, Brikama Branch which he said the defendant failed to do as instructed.

Mr Hermse is also claiming for a breach of trust and a 27% interest from the date of recieving the money to the judgement date. He has also claimed a 4% interest to the date of settlement.

In his testimony before Magistrate M’Bai, Mr Hermse (plaintiff) stated that the defendant was his business partner in a company in which he owned 95% of the shares, while the defendant Mr Dambelly held a 5% unpaid share.

He narrated that on account of the company’s need for money to defray certain expenses, he sent the 6,350 pounds to Mr. Dambelly through Western Union with clear instructions that the money should be deposited in the company’s account. “I later discovered that Mr Dambelly did not comply with my instructions, and upon my demand for the money, he refused to give it back to me” Mr Hermse said.

He continued that he then reported the matter to the Brikama Police Station and after his arrest and interrogation, he confessed and pleaded for time to be given to him so that he could settle the money by installment.

Mr Hermse then told the court that since that time he has been able to recover only D7,000 from Mr. Dambelly, while the remaining D215, 250 is yet to be recovered.

Mr Dambelly has denied all the claims levelled against him. However, he objected that Mr Hermse had reported him to the police claiming that he (Mr Dambelly) owed him D20,000.

The case was at this juncture adjourned for continuation.

Author: by Amadou Jallow

Trust Bank Holds 10th Anniversary Draw

Fri, 18 Jan 2008 04:53:33 GMT

Friday, January 18, 2008

As part of its 10th year anniversary celebrations, Trust Bank Gambia Limited, a leading bank in The Gambia, yesterday held a raffle draw at the bank’s headquarters in Banjul.

The raffle prize includes an air ticket to Ghana and cash amount of 1500 US dollars.

One Ms Binta Bah Saidy emerged as the lucky winner.

Speaking at the presentation ceremony, Mr. Oreme Joiner, General Manager, Banking, at the Trust Bank, said the presentation is part of the bank’s 10th anniversary. Mr. Joiner indicated that the 10 years of the bank’s existence has seen excellent banking services and described the period as successful.

He maintained that Trust Bank is out, not only to make profit, but to benefit the people, noting that the bank is not only dealing with companies but individuals of all walks of life.

He added that the bank has been fully participating in nation building.

"The bank has been taking part in health, education and sports development in this country," he stated.

He noted that the raffle was in fact geared towards the promotion and development of sports, as the winner of the draw is given the opportunity to witness the forthcoming African Cup of Nations in Ghana.

In conclusion, Mr. Joiner thanked the winner doing business with the bank, adding that he and the entire staff of the bank are very delighted that the winner is a female, and encouraged Ms Saidy Bah to continue banking with Trust Bank.

Mr. Dodou Nyang, Marketing Manager of Trust Bank, who gave the vote of thanks, expressed similar sentiments, that the raffle draw is part of the bank’s 10-year anniversary celebration to showcase the bank’s excellent services to their numerous customers. Mr. Nyang further assured the bank’ s customers of many benefits in the future. He explained that this time the raffle bonanza was in relation to the sports sector, but a future draw would be in the Education sector, particularly the provision of at least 10 scholarships in the Basic, Secondary, or the Tertiary level.

On a final note, Mr Nyang commended Africell Company for the provision of the software to cover the matches in Ghana.

Speaking on behalf of the lucky winner, Mr. Momodou Sanneh, Director of Basic and Secondary Education, at the Department of State for Education, indicated that he is very happy with Trust Bank, describing the bank as partners in development.

He confirmed as true that the bank has been contributing immensely in the educational sector.

Mr. Felix Ceesay of Trust Bank chaired the occasion. A good number of personnel of the marketing department were in attendance.

Author: Special Report by Bakary Samateh

Source: The Point

Trust Bank is Quintessentially a Gambian Bank - Marketing Manager

Wed, 07 Nov 2007 09:03:43 GMT

Wednesday, November 07, 2007

Mr. Dodou Sulayman Nyang, the new Marketing Manager of Trust Bank Gambia Limited, has reassured that the bank would do what it takes to remain the people’s choice.

Speaking to this paper barely three days after his appointment, Mr. Nyang stated that at a time when lots of new banks have sprung up in the country’s banking industry with new products on offer, Trust Bank is ready for the challenge thus posed which, according to him, makes the industry all the more competitive. “There will be intense competition. Everyone of us would be trying very hard to be the people’s choice but Trust Bank is ready for the challenge,” he said.

Mr. Nyang vowed that he would be working hard with partners to really make the bank heard and seen. He indicated that with a large network of 11 branches across the country, and an extra one in the offing, the bank has become unique among the plethora of banks in the country. He expressed the confidence that given their experience and understanding of the market, they would always remain the people’s choice.

According to Mr. Nyang, Trust Bank does not just concentrate on where the money is but they go anywhere they believe people are, adding that they have the lowest rate for all the charges made by banks.

“This year as we celebrate 1 years of existence, we just want to remind the people of this country of what makes Trust Bank unique among the financial service providers in this country. Trust Bank is quintessentially a Gambian thing and we are proud of that fact,” he concluded.

Source: The Point

‘Trust Bank is unique’

Mon, 05 Nov 2007 04:32:28 GMT

Monday, November 05, 2007

Dodou Nyang, the newly appointed Marketing Manager of Trust Bank Gambia Ltd, has described his institution as unique in the banking sector, eptomised by an unprecedented growth in the bussiness environment.

According to him, Trust Bank has 10 years experience in The Gambia, with the widest target network. “This simply means that we did not discriminate between low and high income-earners. Every income bracket has a place at the bank. Of all the banks in the country, we have the most expierienced management team, due to our experience,” he explained

Trust Bank, Mr Nyang said, “the widest branch network by far with relations to other banks and are all interlinked. This means that we are everywhere, thus enabling us to better understand the needs of the people.

We have the lowest charges at the most competitive interest rate in the country annually,” he said

Services

Mr Nyang revealed that 70 percent of salary earners in the country receive their monthly wages, through the bank. “For salary earners”, he added “we process their loans within 48 hours, give instant overdarfts at a competitive rate and offer cash pick-up services”.

“There is no bank in this country that’s deeply involved in every sector of the Gambian economy as we are. For us, we are involved in agriculture, fisheries, international trade, amongst others”.

“We provide the lowest fees for visa statements, return cheques, telegraphic transfers, overdraft cheques, amongst others”.

Social responsibilty

According to Mr Nyang, Trust Bank gives more with regards to their corporate social responsibilty in the areas of health, education and sports.

In the health sector, Nyang revealed that Trust Bank is currently sponsoring the Marternity Wing of the AFPRC Hospital in Farrafenni. It also refurbished the Leman Street Clinic in Banjul at a tune of D5M and gives annual assistance to the Clinic, while work is near completion on the refurbished RVTH Sanotorium.

On sports, he said that Trust Bank has rekindled inter-school sports and its contributions to nawetan is legendary.

“We also contribute regulary whenever the national team takes part in competitions,” he added,

On education, he said, the bank is involved in the Excellence Mellinium Award, by giving awards to the best grade nine students each year.

Future plans

On the future plans of the bank, Nyang said, the Trust Bank will endeavour to satisfy the needs of their customers, and would be customers to retain their position as the bank of choice.

“We welcome the proliferation of banks in the country for it provides the possible options for customers. When faced with all these banks, the question is who do you trust? Do you take a chance, or go for a try and see method?”

Author: by Pa Malick Faye

Trust Bank sued

Sun, 21 Oct 2007 05:15:12 GMT

Sunday, October 21, 2007

Augustu’s Sarr, former employee and Branch Manager of the Trust Bank Farafenni, Gambia Ltd have dragged his ex-employers to court, seeking for the recovery of D186, 760.85, being the emolument, due to him from the period of November 2005 to August 2007.

Mr Sarr was initially dragged to court, by Trust Bank, for stealing over million of Dalasi, but was later acquitted and discharged by the High Court after the prosecution failed to prove its case beyond all reasonable doubts.
This new twist came after he had sat for two years without salary and is now seeking courts redress for the payment to be effected and all other benefits due to him with 25% interest.

According to the particulars, the plainitiff, Mr Sarr is claiming the recovery of the sum of D186,760.85, being the emolument due and owing to him by the defendant for the period of November 2005 to August 2007.
Interest on the said sum D186,760.85, at the rate of 25% per annum from November 2005 to date of judgement and thereafter at the rate of 4% to day of the payment.

The plainfiff is also claiming his monthly emolument in arrears as the same become due and payable until such a time that he retires from the services of the defendant.

Author: by Buya Jammeh

Source: The Daily Observer Newspaper