Thursday, 20 October 2011

Trust Bank Limited...Quintessentially Gambian

Trust Bank Gambia limited (TBL) the ‘Gambian bank’ has cut a niche for itself as the most successful bank in The Gambia today.  When the bank commenced operations in the country 14 years ago, it promised Gambians and even non-Gambians living in the country that it would provide sound, convenient and reliable banking services backed by remarkable corporate social responsibilities.

It pledged to bring banking services to the door steps of its ever growing customers across the country. Today, the bank has delivered on its promises so much so that it has even gone beyond. TBL today employs nearly 300 people and a management team consisting of highly experienced Gambians who have a very strong knowledge of the banking industry.

The shareholding is in the hands of institutional investors, both local and foreign, individuals and employees of the Bank. With its Head Office located at 3-4 Ecowas Avenue Banjul, Trust Bank operates 13 branches spread across the country.

The bank offers a wide range of products and services that serves the needs of its individual and corporate clientele. In the last few years the bank has invested significant amount of fund to leverage on superior technology to provide more access and convenience to its customers both home and abroad.

It is not surprising that TBL has won the Gambia Chamber of Commerce and Industry (GCCI) Bank of the Year award an impressive five times.

In the words  of Mr Dodou Nyang, marketing manager of the bank: “Trust Bank has a unique and particular way of doing things and it is the wish of every organisation around the world that when you have a vision, people log on to that vision.

At Trust Bank, all what I can say is that we have a vision, we have a unique way of doing business and we are really grateful that the market has logged on to this particular vision and the unique way that we do business.

"You can come and propose a way of doing business but then people fail to notice it or people fail to really accept your particular way of doing business. So really we should be very gratified that the customers based in The Gambia with all the choice that they have in front of them, have decided that they are more in tune with Trust Bank’s way of doing business.

"We have people who have been there during the transition, development and metamorphosis of Gambian banking. We have people at Trust Bank who have understanding of the banking industry.

We also have to accept that Gambian banking has really developed in the last Fifteen years. Trust Bank is unique that it is the envy of the banking industry in the Gambia; that it has the people who have seen it all how banking was years ago and how it has developed.

We give solutions to our customers that are unique and specifically targeted to their needs; we do it in a way that will always be very difficult for any bank to replicate.”

 He continued: “After 13 years of successful operations, Trust Bank today stands out as a bank that contributed and continues to contribute heavily in the areas of health, education and sports.

In the area of youth and sports, the bank continued to make donations to secondary school sports, U17 National Team, private and public sector football tournaments as well as to the National Youth Service Scheme [NYSS].

In the field of education, the bank continues to award prizes to deserving students from secondary schools as part of the Excellence in the Millennium Award Scheme and continued to support the University of The Gambia [UTG].

The bank's corporate social responsibility objective is to empower the nation through building a stronger, healthier and educated populace.

In spite of the stiff competition in the Gambian banking sector, Trust Bank continues to record hefty profits in his operations, as explained by Nyang:
"Our profit increased from D64.9 million to almost D70 million but most importantly, the amount of loan we have given and I will tell you why this is important, the amount of loan that we have given increased by almost D400 million.

 It is important because it shows you the unique way Trust Bank does its business. There are banks in The Gambia who have actually given out fewer loans to their customers last year than the previous years."

Cognizant of the fact that we are in a hitech world, where individuals and businesses are highly in need of stress-free and quick financial transactions, the ‘Gambian bank’ has made  available for its customers a vast array of banking services.

Nyang further explains: "We have introduced many valued added services. In the area of products that we offer, we have services like the online banking, the SMS banking, the trust alert, the ten ATM machines that we have, which is by far the most ATM machine that you can find from any banks in The Gambia.

“Our Online Banking Service allows customers to get access to their account information anytime and anywhere in the world. The service is geared towards bringing banking to your door step thereby making it more accessible to all our existing customers.

The  Point Of Sale (POS) payment system is another service aimed at giving our esteemed customers value for their money.

This service comes with a debit card called Quick Cash which is a highly secured card that can be conveniently used to make payment for goods and services received at various selected Supermarkets, Shops, Petrol stations & Restaurants around the country.

This service comes with a Point Of Sale Terminal which is an electronic device placed at selected merchant locations used for verifying and processing our Quick Cash debit card transaction.

 The Point Of Sale service is an ideal product for all Trust Bank customers. The debit card provides an alternative payment method to cash when making a purchase and wherein the funds are transferred directly from the customers or cardholders account.


The debit card allows payments only on credit balances and approved overdraft facilities.

“We also have our own Automated Teller Machines (ATM) at identified locations around the country just for the convenience of our valued customers.

This will allow our customers to make cash withdrawals and also make enquiries on their accounts twenty four hours a day and seven days a week.

The ATM machines are located in Banjul, Bakau, Serrekunda, Kololi, Bakoteh, Bundung, Serrekunda Market, Brikama, Kairaba Shopping Center and Latrikunda. With 10 ATM.

“There is also our SMS BANKING Service which is a simple and easy to use system that offers round the clock stress-free service to our esteemed customers.

To get information from your account no longer requires a phone call, queues or writing a letter; simply send an SMS to get access to any information of your choice.
The SMS service enables you to do the following:

 *Balance Enquiry: This will give you both the latest Ledger and the available balances on your account.

*Pin change: This will enable you to change the pin to a new one.

*Mobile Airtime Top up: You no longer need to rush for scratch cards. Just top up your phone anywhere for any amount.

*Cheque book request: This option will enable you to request for trust bank cheque book and pick it at your convenient time.

*Account Statement request: This option will enable you to request for your account statement anytime and just pick it from your branch.

*Exchange rates: This gives you the latest currency exchange rates for the five major currencies.

*Mini statement: This option returns the latest 5 transactions from your account.

*Account Funds transfer: This option enables you to transfer cash from one account to the other. This is between your accounts.

*Stop cheque payment: This option allows you to instruct the bank to stop the payment of a given cheque(s) in case you do not want them to be paid.”

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