CBG Says Gambian Banks on Solid Footing

The Central Bank of The Gambia reported that the country’s banking sector remained stable and resilient in the second quarter of 2026 with the industry’s capital adequacy ratio increasing to 25.5 per cent in June 2026 from 24.3 per cent in March exceeding minimum regulatory requirement of 10 per cent.

Similarly, the bank’s liquidity ratio increased to 80 per cent from 78.3 per cent in the previous quarter surpassing CBG’s regulatory requirement of 30 per cent, Governor Buah Saidy disclosed at a Monetary Policy Committee press conference on Thursday.

The governor also noted rising public trust in the bank’s with customer deposits, their major source of funding increasing to D86.6 billion (45 per cent of GDP) from D71.6 billion (37.2 per cent of GDP) a year earlier. Total assets increased to D131.7 billion (68.5 per cent of GDP) in June 2026 from D110.3 billion (57.3 per cent of GDP) in the corresponding period of 2025.

According to the governor, these developments reflect continued balance sheet growth, adequate capital and liquidity buffers and sustained depositor confidence in the country’s commercial banks. He reported that private sector credit growth also increased by 41.3 per cent year-on-year but the growth partly reflects improvements in balance-sheet classification and reporting. The non-performing loan ratio improved to 7.9 per cent from 8.1 per cent in March 2026 and 8.9 per cent in the corresponding period of 2025.

Meanwhile, the annual money supply growth moderated significantly to 11.4 per cent in June 2026 from 25.1 per cent in March 2026 reflecting a slowdown in the pace of monetary expansion.

Fintech, mobile money services

Governor Saidy also reported significant expansion and increasing use of fintech platforms and mobile money services in the country’s domestic financial system reflecting the growing adoption of digital financial services. He disclosed that cash-in transactions for fintech and mobile money services increased by 4.4 per cent to D28.2 billion, while cash-out transactions rose by 5.3 per cent to D32.1 billion between the first and second quarters of 2026.