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Ecobank in The Gambia

  • Key Figures
    Microeconomics information

    Established in October 2007, Ecobank Gambia is a trusted financial institution dedicated to delivering a wide range of innovative products and services to its valued customers. Regulated by the Central Bank of The Gambia, the Bank has steadily grown over the years to become one of the country’s most recognized financial services brands. Ecobank Gambia serves corporate, commercial, and consumer banking customers, offering tailored solutions designed to meet their unique needs and drive financial growth.

    Ecobank Gambia delivered a strong financial performance at the close of 2023, achieving a total asset size of GMD 17.298 billion, shareholders’ funds of GMD 1.937 billion, and a profit after tax of GMD 536 million. These results reflect a return on average equity (ROE) of 29% and a return on average assets (ROA) of 3.0%, underscoring the Bank's commitment to sustainable growth and value creation for its stakeholders.

    At the Year End 2023 GMD’ 000 2022 GMD’ 000
    Total Assets 17 298 378 13,631,316
    Total Deposits  14,665,706 11,317,537
    Shareholder's Equity 1 936 520 1,581,625
    Number of Branches  7 7
    For the Financial Year 2023 GMD’ 000 2022 GMD’ 000
    Profit After Tax 535 509 324,669

    Ecobank Gambia currently employs 200 dedicated professionals, serving a customer base of over 139,000 across the Consumer, Commercial, and Corporate & Investment Banking sectors. The Bank operates 7 branches, with its Head Office strategically located on Kairaba Avenue. To enhance accessibility, Ecobank has deployed ATMs in key locations, 7 in-branch POS terminals, and several merchant POS terminals strategically placed across the country to meet the needs of its diverse clientele.

    Ecobank Gambia is committed to providing exceptional service to its customers. Consumer Banking customers can now reach our 24/7 Contact Center at +220 4399031, while Commercial and Corporate Banking customers can contact us at +220 4399033 for any assistance. We're here to support you anytime, anywhere.

  • General Information

    Area: Approximately 10,700 km²

    Capital: Banjul

    Principal cities: Brikama, Bakau, Farafenni, Serrekunda

    Official language: English

    Independence day: 18th February, 1965

    Population: Estimated at 2.5 million as of 2024. (World Bank)

    Demographic growth: 3.1% (2024)

    Life expectancy: Approximately 64 years as of 2022 (World Bank est)

    Literacy rate: Male: 65.3%, Female: 52.3% (2022 World Bank est)

    Religion(s): Muslim 95%, Christian 4% Indigenous beliefs 1%

    Human development index: 0.500 (Country Economy 2021)

    Currency: Gambian Dalasi (GMD)

    GDP: Nominal GDP was GMD 146.7 billion in 2023. (GBOS)

    GDP per capital: USD 994 in 2023. (GBOS)

    Growth rate: Real GDP growth was 4.8% in 2023. (GBOS)

    Rate of unemployment: 6.5% (2023 World Bank est)

    Rate of inflation: 11.7% as of July 2024. (GBOS)

    Net budgetary position: The fiscal deficit decreased to 3.7% of GDP in 2023. (World Bank est)

    Balance of payment: The current account deficit was 8.6% of GDP in 2023. (World Bank est)

    Export partners: Mali: 30.54%, China: 21.16%, Senegal: 14.34%, Spain: 14.11%, India: 3.61% in 2021 (World Bank est)

    Import partners: Côte d'Ivoire: 28.01%, China: 9.87%, United Arab Emirates: 8.32% Senegal: 6.56%, India: 5.96% in 2021 (World Bank est)

    Contribution of various sectors to GDP: Agriculture: 24.8%, Industry: 17.8%, Services: 57.4% in 2023. (GBOS)

  • Board of Directors

    Ms. Fatou SINYAN MERGAN

    Board Chairperson

    Mr. John NYAABA

    Non-Executive Director

    Mr. Benjamin Adam ROBERTS

    Non-Executive Director

    Ms. Joana Mensah

    Non-Executive Director

    Mr. Rotimi Oyekanmi

    Non-Executive Director

    Ms. Mariam Mendy Njie

    Non-Executive Director

    Mr. Henry Ampong

    Non-Executive Director

    Ms. Joana Mensah

    Non-Executive Director

  • Annual Reports
    2023 The Gambia Annual Report PDF 4.24 MB Download - 2023 The Gambia Annual Report
    2022 The Gambia Annual Report PDF 5.04 MB Download - 2022 The Gambia Annual Report
    2021 The Gambia Annual Report PDF 6.49 MB Download - 2021 The Gambia Annual Report
    2020 The Gambia Annual Report PDF 2.22 MB Download - 2020 The Gambia Annual Report
    2019 The Gambia Annual Report PDF 2.13 MB Download - 2019 The Gambia Annual Report
    2018 The Gambia Annual Report PDF 3.05 MB Download - 2018 The Gambia Annual Report
    2016 The Gambia Annual Reports PDF 2.06 MB Download - 2016 The Gambia Annual Reports
    2015 The Gambia Annual Report PDF 3.5 MB Download - 2015 The Gambia Annual Report
    2014 The Gambia Annual Report PDF 1.06 MB Download - 2014 The Gambia Annual Report
    2013 The Gambia Annual Report PDF 1.1 MB Download - 2013 The Gambia Annual Report
    2012 The Gambia Annual Report PDF 779.46 KB Download - 2012 The Gambia Annual Report
    2011 The Gambia Annual Report PDF 307.92 KB Download - 2011 The Gambia Annual Report
    2009 The Gambia Annual Report PDF 118.94 KB Download - 2009 The Gambia Annual Report
    2008 The Gambia Annual Report PDF 485.29 KB Download - 2008 The Gambia Annual Report
  • Latest News
    2025 Ecobank FY 2024 Earning Release View
    2025 Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards View
    2025 Ecobank Côte d'Ivoire Launches West Africa’s First Gender Bond to Accelerate Financial Inclusion for Women Entrepreneurs View
  • Forms, Documents and Tariffs
    ECOBANK GAMBIA DATA PRIVACY & PROTECTION CUSTOMER NOTICE PDF 140.76 KB Download - ECOBANK GAMBIA DATA PRIVACY & PROTECTION CUSTOMER NOTICE
    Ecobank Gambia Ltd Tariff Guide Effective November 1st 2024 PDF 987.27 KB Download - Ecobank Gambia Ltd Tariff Guide Effective November 1st 2024
    New account application form (PERSONAL AND SOLE PROPRIETORSHIP) PDF 476.2 KB Download - New account application form (PERSONAL AND SOLE PROPRIETORSHIP)
    New account application form (COMPANY/ NGO/ EMBASSY/ GOVERNMENT/ REGISTERED ASSOCIATION) PDF 476.33 KB Download - New account application form (COMPANY/ NGO/ EMBASSY/ GOVERNMENT/ REGISTERED ASSOCIATION)

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