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Santanfara
3460 Posts |
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kayjatta
2978 Posts |
 Posted - 27 Apr 2008 : 06:44:33
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| Nice paper! It raises some important questions. |
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Moe
USA
2326 Posts |
Posted - 27 Apr 2008 : 20:38:33
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The answer to that question is that money is being generated and all these institutions are functioning at a profitable margin. Lots of Gambian entrepeneurs know how to make money and are stacking their chips on a daily basis whilst the parrots are busy yapping. The average Gambian has more access to banking institutions nation wide which means that money is being made and profits are soaring.People have more access to loans to better themselves than ever before....................Peace
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I am Jebel Musa better yet rock of Gibraltar,either or,still a stronghold and a Pillar commanding direction
The GPU wants Me Hunted Down for what I don't know ..... |
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toubab1020
12313 Posts |
Posted - 28 Apr 2008 : 00:31:09
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quote:
Originally posted by Moe
The answer to that question is that money is being generated and all these institutions are functioning at a profitable margin. Lots of Gambian entrepeneurs know how to make money and are stacking their chips on a daily basis whilst the parrots are busy yapping. The average Gambian has more access to banking institutions nation wide which means that money is being made and profits are soaring.People have more access to loans to better themselves than ever before....................Peace
Yes of course, Gambia is exempt from the world banking problems,lets open some more banks shall we? Oh yes what's the price of a bag of rice today? I will get a loan from my new bank!
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"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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mansasulu
997 Posts |
Posted - 28 Apr 2008 : 17:02:48
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All these commercial banks are sprouting because the opportunity exists for them to milk the masses of the meager resources. Interest rates are exorbitant in Gambia so offcourse banks are opening up everywhere. It is a lucrative industry.
"O you who believe! Eat not Ribâ (usury)[] doubled and multiplied, but fear Allâh that you may be successful." (3:130. |
"...Verily, in the remembrance of Allâh do hearts find rest..." Sura Al-Rad (Chapter 13, Verse 28)
...Gambian by birth, Muslim by the grace of Allah... |
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kondorong
Gambia
4380 Posts |
Posted - 28 Apr 2008 : 22:46:29
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I thoght i heard a free market mechanism in the Gambia. I think more banks lead to competition. There are some banks who would not allow people earning less than D3000.00 to pen a checking account.
I think that is discrimnation beased on wealth. We need savings and as such, this does not help. The other new banks will take them. So more banks is good. So i think. |
“When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Think of it--always.” |
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gambiabev
United Kingdom
3091 Posts |
Posted - 28 Apr 2008 : 22:59:42
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I went to the bank with my guide to open him an account so he could deal with the money I transfer to the people I sponsor.
I sat back for a while and watched whilst he was treated like a poor boy from the village. They were rude and aggresive to him. Suddenly when I stepped at his side and it was clear I was there with him to support him the attitude changed. TERRIBLE discrimination against Gambian poor. Snobbery that he didnt belong there.
Time has proven him to be honest and a good manager of money. He is now a regular and respected customer.
So I would say the more banks the better. Perhaps it will improve access for ordinary Gambians? |
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kondorong
Gambia
4380 Posts |
Posted - 29 Apr 2008 : 17:48:10
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Gambiabev
I am seriously thinking of suing this bank for discrimination and i have every belive that they have a case to answer. |
“When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Think of it--always.” |
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gambiabev
United Kingdom
3091 Posts |
Posted - 29 Apr 2008 : 18:22:57
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Trust bank at westfield corner.
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mansasulu
997 Posts |
Posted - 29 Apr 2008 : 20:15:35
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| i suggest we set up a legal fund for this suit...lol |
"...Verily, in the remembrance of Allâh do hearts find rest..." Sura Al-Rad (Chapter 13, Verse 28)
...Gambian by birth, Muslim by the grace of Allah... |
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gambiabev
United Kingdom
3091 Posts |
Posted - 29 Apr 2008 : 20:44:54
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Glad you think its funny!  
I was VERY upset for my Gambian friend and how he was treated. |
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Moe
USA
2326 Posts |
Posted - 30 Apr 2008 : 05:21:15
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Toubab1020, you just had to crack me up for a few days ,just picture the possibilities,In the Gambia no rice means starvation and for the few that can't afford it and don't wanna get a loan to buy rice,well the land is viable and I would say buy a hoe or make a hoe.................................Peace
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I am Jebel Musa better yet rock of Gibraltar,either or,still a stronghold and a Pillar commanding direction
The GPU wants Me Hunted Down for what I don't know ..... |
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Santanfara
3460 Posts |
Posted - 16 May 2008 : 17:46:44
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Standard Chartered holds 30th AGM
kololi Monday, April 21, 2008
Standard Chartered Bank, Gambia Ltd, last Thursday held its 30th Annual General Meeting at the Kairaba Beach Hotel in Kololi.
Delivering his statement at the AGM, Momodou B.A. Senghore, chairman of Standard Chartered Bank(SCB), said Standard Chartered has shown how its position in the world’s growth market and the strength of its balance sheet can deliver record results during turbulent times.
“Profit before taxation is GMD 169.747 million. As a result of this performance, the board is recommending a final dividend of GMD 72 million or 120 bututs per ordinary share in addition to the interim dividend of 50 bututs per share already paid out in September 2007”, SCB’s Board Chairman noted.
He added “valued shareholders, you will agree with me that 2007 posed its own challenges but I am pleased to note that with the bank’s commitment to its strategy, the steadfastness of management and staff as well as the continued support and loyalty of our customers, we were able to deliver these results in an increasingly competitive environment”.
According to B.A. Senghore, Standard Chartered Bank is in good shape for future growth and that, performance continues to be strong. “Our Group Strategic Intent remains unchanged; “to be the World’s best international bank leading the way in Asia, Africa and the Middle East’. We remain committed to our strategic intent and through diversity and inclusion within the Group and leverage on expertise from a diverse workforce”, he revealed.
For his part, Humphrey Mukwereza, CEO and managing director of Standard Chartered Gambia said the results for the year ended 31st December, 2007, reflects the high performance of the Bank in a highly competitive environment. “We won the best Foreign Exchange Bank Award from Euro Global Finance, demonstrating our leadership position and our commitment to lead by example to be the “Right Partner” to all our customers and stakeholders”, he revealed.
According to the Standard Chartered CEO, the major challenges of the bank in the year under review hinged around operational risk management of non performing loans, service quality and deepening client and staff engagement. “The period witnessed a decline in interest rates and shrinking margins. However, despite these market changes, we were able to sail through and deliver a set of satisfactory results’, he added.
Abdoulie Touray, CEO of Sahel Investment and Chairman of the University of The Gambia Governing Council delivered the vote of thanks.
by Assan Sallah
CUTESY OF OBSERVER |
Surah- Ar-Rum 30-22
"And among His signs is the creation of heavens and the earth, and the difference of your languages and colours. verily, in that are indeed signs for men of sound knowledge." Qu'ran
www.suntoumana.blogspot.com |
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toubab1020
12313 Posts |
Posted - 16 May 2008 : 17:51:04
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| If I knew about this financial stuff,this would be good news,wouldnt it? |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
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toubab1020
12313 Posts |
Posted - 16 May 2008 : 21:09:34
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| This one means its not good news dosn't it? |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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