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Bank Distress in Gambia



The Gambia currently has four commercial banks and one Islamic bank with the former having branches in the rural areas. In addition to these banks, a number of non-bank financial institutions (NBFI) were established. The bulk of their operations are concentrated in the rural areas. The emergence and quick expansion of the NBFI made it prudent for the government to initiate a policy that would ensure that they are properly registered under savings and credit associations as finance companies.Continue Reading

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