- Trust Bank Assets Climb to D14.69 Billion as Capital Adequacy Improves
Trust Bank Plc recorded a strong financial performance in 2025, with Group profit before tax rising to D491.02 million, up from D463.23 million in 2024, as the Bank benefited from stronger net interest income, deposit growth and improved liquidity.
According to the Bank’s 2025 Annual Report and Accounts, net interest income increased to D1.11 billion, compared with D946.79 million in the previous year, supported by improved yields on earning assets and disciplined balance sheet management.
Total assets expanded to D14.69 billion, from D12.84 billion in 2024, reflecting continued growth in the Bank’s operations and market presence.
Customer deposits also rose strongly to D12.75 billion, compared with D10.70 billion in 2024, reaffirming customer confidence and providing the Bank with a stable funding base for future growth.
The Bank maintained a strong capital position, with capital adequacy improving to 21.00 percent, well above regulatory requirements.
Liquidity also strengthened to 76.00 percent, positioning the Bank to meet obligations and support customers despite a still-evolving operating environment.
The Board has recommended a final dividend of 60 bututs per ordinary share for the year ended December 31, 2025.
Together with the interim dividend of 35 bututs already paid, total dividend for the year amounts to 95 bututs per share, compared with 85 bututs in 2024.
Chairman Franklin A. Hayford said the Bank remained resilient and focused despite a challenging but gradually improving economic environment.
He noted that the Gambian economy continued to perform strongly, supported by robust activity in tourism, construction and agriculture, as well as sustained remittance inflows and continued public and private sector investment.
According to him, inflation in The Gambia trended downward during the year, reflecting improved supply conditions and prudent monetary policy measures by the Central Bank.
The Bank’s financial highlights showed that profit before tax at the Bank level stood at D494.17 million, compared with D470.94 million in 2024.
Net interest income at the Bank level increased to D1.06 billion, compared with D915.39 million, while total assets rose to D14.41 billion, from D12.72 billion.
Customer deposits at the Bank level stood at D12.48 billion, up from D10.58 billion in 2024.
Return on equity stood at 28.00 percent, while return on assets was 3.00 percent.
The Bank’s net interest margin stood at 12.00 percent, while the loans-to-deposit ratio declined to 30.00 percent, from 47.00 percent in 2024.
However, the non-performing loan ratio rose to 3.30 percent, compared with 1.00 percent in 2024.
The Chairman said loans and advances moderated during the year as part of a deliberate risk management strategy.
He added that although the non-performing loan ratio increased moderately in line with industry trends, it remained within manageable levels and was supported by strong credit oversight.
Operating expenses rose during the year, reflecting investments in technology, human capital and infrastructure.
The Bank said these investments are necessary to support long-term growth, enhance service delivery and strengthen operational efficiency.
Managing Director Njilan Senghore described 2025 as a year defined by execution, discipline and forward positioning.
She said management focused on strengthening internal capabilities, deepening customer relationships, improving service delivery and investing in systems and people.
A key priority during the year was customer experience.
The Bank said it took deliberate steps to improve service delivery across its branch network by reducing turnaround times, simplifying internal processes and strengthening accountability.
Trust Bank also continued its digital transformation agenda, with a focus on enabling customers to conduct seamless domestic transactions and initiate cross-border transfers directly from mobile banking applications and digital wallets.
The Bank said these digital enhancements are intended to improve convenience, accessibility and financial inclusion.
The Annual Report also highlighted the role of Bayba Financial Services, the Bank’s wholly owned subsidiary, in extending financial services to underserved segments, including youth, small-scale entrepreneurs and communities that remain outside traditional banking channels.
Trust Bank also increased its charitable donations to D8.05 million in 2025, compared with D6.21 million in 2024.
The Bank said its corporate social responsibility interventions focused on education, healthcare, youth empowerment and community support.
The 2025 Annual General Meeting is scheduled for July 2, 2026, at the Ocean Bay Hotel, Cape Point.
Shareholders will be asked to receive and adopt the Annual Report and Consolidated Accounts, approve the final dividend, re-elect directors and re-appoint PKF as auditors.
The directors up for re-election are Mr Saloum Malang, Mrs Angela Andrews-Njie and Mrs Haddy Sallah.
The Bank’s outlook remains positive, supported by a strong capital base, improved liquidity, prudent risk management and continued investment in technology and human capital.
For Trust Bank, the next phase of growth will depend on sustaining profitability, deepening digital banking, maintaining asset quality and expanding financial inclusion across The Gambia.
The 2025 results show a lender with stronger deposits, improved income and solid capital buffers.
The key test now is whether Trust Bank can convert that balance sheet strength into deeper customer growth, stronger digital adoption and sustainable returns for shareholders.
