Gambiaj.com – (Banjul, The Gambia) – Trust Bank Limited (The Gambia) has announced a remarkable 55% increase in profit for the third quarter ending 30th September 2025, highlighting a period of robust financial performance and balance sheet growth.
The bank’s unaudited results reveal significant gains across key performance indicators, underpinned by higher net interest income and a major turnaround in asset quality.
Profitability and Income Growth
According to the interim financial statement, Trust Bank’s profit for the period rose sharply to D357.67 million, up from D230.77 million in the same quarter last year. This surge was driven largely by a 22% rise in net interest income, which reached D819.57 million, alongside a D55.52 million net impairment gain on financial assets—a reversal from last year’s impairment losses.
This strong performance translated into higher shareholder returns, with earnings per share (EPS) climbing 55% to 89 bututs, compared to 58 bututs in the corresponding period of 2024.
Balance Sheet Expansion and Liquidity Strength
Trust Bank’s total assets stood at D14.32 billion by the end of September 2025, reflecting a 13% year-on-year growth from D12.70 billion. This expansion was supported by a 28% rise in trading assets and a 10% increase in loans and advances to customers.
Customer deposits also grew by 12%, pushing total liabilities to D12.48 billion, while total equity strengthened by 22% to reach D1.84 billion, up from D1.51 billion a year earlier.
The bank’s liquidity position remained robust, with cash and cash equivalents at D4.43 billion, boosted by strong operational cash generation of D2.84 billion, compared to D1.17 billion in the same period last year.
Capital Strength and Equity Movements
Trust Bank also made significant strides in strengthening its capital base during the reporting period. The bank’s stated capital doubled to D400 million from D200 million, signaling a proactive approach to capital adequacy and growth readiness.
Meanwhile, retained earnings rose by 46% to D563.14 million, even after paying out D110 million in dividends to shareholders. However, the statutory reserves decreased by 28%, reflecting internal capital adjustments.
Operational Highlights and Strategic Outlook
While the interim report did not include detailed management commentary, the results underscore the bank’s ability to sustain growth amid evolving market conditions.
The strong performance was attributed to increased income from commercial lending and investments in treasury bills and government bonds, as well as improved credit risk management that reduced loan impairment allowances from D141.30 million to D86.51 million.
Risks and Considerations
Despite the positive trajectory, the report notes potential challenges ahead. Interest and similar expenses grew 64%, outpacing the 28% growth in interest income, which could pressure net interest margins if economic conditions tighten.
The bank’s profitability also remains closely linked to maintaining its current asset quality improvements.
Trust Bank Limited (The Gambia), listed as TBL.gh, reported total indicative share trading liquidity of US$976.787 (GHS12.47K) over the past 12 months as of August 2025, with an average monthly trading value of US$81 (GHS1.04K).
