Corporate Governance

Guaranty Trust Bank Gambia adheres to the principles of Code of Practices and Conducts .The Principle of the King Code determines the standards for the group’s corporate governance framework and practices.

Subsidiary entities within the group are guided by these principles in establishing their respective governance framework which are aligned to the group standards, in addition to meeting the relevant jurisdiction requirements in the areas of operation.

Board of Directors

The Board of GTBank Gambia comprises of seven members made up of both Nigerian and Gambian directors possessing diverse experience, a combination of business entrepreneurship and unparalleled expertise in banking and finance. The Directors possess integrity, skills and requisite experience to bring independence and quality to the board deliberations

The board carries out its responsibilities through standing committees. All standing committees have clearly defined terms of reference, which set out their roles, responsibilities, scope and authority. All committees in the exercise of their power so delegated conform to the regulations laid down by the Board. The committees render reports to the Board at its quarterly meetings. The roles, responsibilities, frequency of meetings and attendance by the members of each committee are stated hereafter:

Audit Committee

This is a statutory Committee. The primary role of the audit committee is to ensure that the integrity of the audit process and financial reporting and to maintain a sound risk management and internal control.

Credit Committee

This committee is responsible for the approval of loans above the Management Credit Committee‘s authority limit as may be defined from time to time by the Board of Directors. This committee is also to ensure that the quality of the bank’s internal control procedure in the area of risk assets remains high to safeguard the quality of the bank’s risk assets.

Risk Management Committee

This committee is tasked with the responsibility of setting and reviewing the bank’s risk policies. Its major responsibility includes setting policies on the Bank’s risk profile and limits, determining the adequacy and completeness of the bank’s risk measurement systems, assessing the adequacy of the mitigants to risk, reviewing and approving contingency plans for specific risks and ensuring that all departments are fully aware of the risk involved in their functions.

Management Committees

These are committees comprising of senior management, unit and Brach Heads .The committees are basically set up to identify, analyze, synthesize and make recommendations on risk arising from day to day issues. The main management committees are: the Management Credit Committee, Asset and Liability Committee and the Criticized Asset Committee.

Management Credit Committee

This is the committee responsible for ensuring that the bank complies fully with the credit policy guide as laid down by the Board. The committee also provides input for the Board credit committee. The Secretary of this committee is the head of Credit Administration. The committee meets at least once a week depending on the number of applications laid before it

Criticized Asset Committee

The committee is responsible for the assessment of the bank’s risk assets portfolio. Its highlights includes the status of the bank assets in line with internal and external regulatory framework, and ensures that triggers are sent with respect to delinquent assets

Asset and Liability Management Committee

This committee is responsible for the management of a variety of risks arising from the bank business. its responsibilities including market and liquidity risk management, loan to deposit ratio analysis, cost of funds analysis and establishing guidelines for the pricing of deposits and credit facilities, exchange rate risk analysis, balance sheet structuring, regulatory considerations and monitoring of status of implemented assets and liability strategies.