Thursday, August 30, 2012

‘Skye Bank attracts millions of foreign investment into The Gambia’


As part of efforts at creating a niche for itself in a highly competitive banking industry, Skye Bank Gambia Limited has been attracting millions of dollar investments into The Gambia over a short span of time in operation to boost the national economy and define the future business of the bank.
 
Skye Bank Gambia MD Akim Usuf
“In the last 10 to 11 months, we have been able to attract two very major (foreign) investments into the key sectors of the economy,” said Skye Bank Gambia Limited’ s CEO and Managing Director Akim Yusuf, at a press conference held on Wednesday at the bank’s head office on Kairaba Avenue.  

The conference was meant to showcase the numerous achievements of the bank as it clocks three years in July this year in The Gambia.

One of the investments is in agriculture, Mr Yusuf said, adding that the bank has already attracted US$2m investment into the poultry industry of The Gambia.  

“The factory, that we attracted the investment to, was virtually dead but today it has been revived and revamped thanks to the capital the investor pumped in there,” the Skye Bank CEO pointed out.


When the factory reaches its peak in production; it can supply 50,000 chickens every month, he said.
This is expected to save the country’s huge amount of cash being spent on chicken importation annually. The company has already employed many Gambians hence reducing the employment rate in the country, he disclosed. 

The other huge investment the bank has attracted is directed at petroleum exploration.  “We were able to attract an American multinational corporation to come and invest in the energy sector of the country,” the Skye Bank MD said.  “The deal has been sealed as the government has already signed an agreement with the corporation, sometime ago.  

“In fact as I speak, some of my colleagues are on their way to the airport to pick up a delegation from the company who are coming to the country to start the process of setting up their offices in The Gambia.  The company is expected to spend about 20 to 50 million dollars in investment.”  

He continued:  “The corporation did not have any intention of coming to The Gambia; it was not even in their budget. At first we paid them a visit, made a presentation to show them why they should come to The Gambia.  Of course it took about a year, but we are glad that we have won their confidence to come to the country.”  

A sister company of that corporation has also expressed interest in the energy sector and discussions to that effect are also ongoing, Mr Yusuf disclosed.    

Apart from the ones already on the ground, the bank is in the process of negotiating with other transnational corporations and enterprises for possible investment in other sectors of the economy including investors for the hospitality industry.

On supporting small-scale industries, MD Yusuf said about 40% of Skye Bank’s loan exposure is given to small-scale businesses.  

He stated the bank’s willingness and readiness to support any local business that has the potentials and future prospects of growth.  

In line with plans to bring banking to the doorstep of its clients, Skye Bank has also opened a 2nd branch in Banjul with another in the pipeline.  

MD Yusuf says the bank, which has a state-of-the-art technology customers can utilize, is working on a plan to open three new branches between 2013 and 2015.   

“Just last week we had approval from the CBG for a new line of product called Skye Global Account, which is basically for Gambians in the Diaspora,” MD Yusuf said.

The bank recently launched ‘Skye Flit Cash’ to add to its vast array of products. The Skye Flit Cash is an intra-West Africa money transfer service being carried out within Skye Bank’s network involving Nigeria, Guinea and Sierra Leone.   

The bank is also at an advanced stage in its plans to augment its capital requirement in line with the central bank capital requirement, which states that all banks have to increase their capital to at least D200 million by the end of this year.

“During the three years, we have developed solid foundation for our development in the future,” the Skye Bank MD said.  

As part of its growth and expansion strategy, Skye Bank Gambia is positioning itself to be one of the favoured banks in the country.  

The bank is equipped to deliver everyday traditional banking services which they aim to deliver with professionalism and courtesy to all their customers.

Customers of the bank enjoy retail banking products and services, corporate banking services, international money transfers, as well as interbank and international trading transactions.

33 comments:

  1. This is important because if you decide to pursue a physical therapist
    program, so that you don't have to start all over again. There are also those who deal with athletes who need a private physio therapist to ascertain their health condition in a frequent interval. The school or university should have what is called the Commission on Accreditation in Physical Therapy Education (CAPTE).
    Also visit my page percentage of depression among teenagers

    ReplyDelete
  2. These programs have been structured in a way to
    provide general medical education as well as specific physical therapy courses.
    Your talents can also be of use in rehabilitation centers.
    The treatments and care an RT provides to these patients would be drug
    and oxygen administration to the lungs which may also call
    for cardiopulmonary resuscitation.
    Also visit my page - depression and anxiety songs

    ReplyDelete
  3. These programs have been structured in a way to provide general medical education as well as specific physical therapy courses.
    A couple of major accrediting agencies encompass most of those.
    As a masseuse, you also have the opportunity to earn tips.
    Also visit my blog post - Prayer for depression

    ReplyDelete
  4. I got this site from my pal who told me on the topic of this website and now this
    time I am visiting this web page and reading very informative content here.
    Feel free to surf my weblog ; Diet plan

    ReplyDelete
  5. Very good post! We are linking to this great post on our site.
    Keep up the great writing.
    My web site best diet plan for women

    ReplyDelete
  6. After looking over a few of the blog posts on your blog, I truly like your way of blogging.
    I book-marked it to my bookmark webpage list and will be checking
    back in the near future. Take a look at my website as well and tell
    me how you feel.
    Review my homepage :: man utd transfer news 2010

    ReplyDelete
  7. Spot on with this write-up, I seriously believe this web site needs a great deal more attention.

    I'll probably be returning to read through more, thanks for the information!
    Also visit my web-site - pizza games and cooking games

    ReplyDelete
  8. Neat blog! Is your theme custom made or did you download it from somewhere?
    A design like yours with a few simple adjustements would really
    make my blog stand out. Please let me know where you got your theme.

    Bless you

    my web blog :: antiperspirant discounts

    ReplyDelete
  9. Hey there would you mind letting me know which hosting company you're working with? I've loaded your blog in 3 different internet browsers and I must
    say this blog loads a lot quicker then most. Can you suggest a
    good web hosting provider at a reasonable price? Kudos, I appreciate it!


    My blog post cookie promo codes august 2013

    ReplyDelete
  10. Hi there it's me, I am also visiting this website on a regular basis, this web site is in fact fastidious and the people are really sharing nice thoughts.

    my page ... kashi go lean coupon codes

    ReplyDelete
  11. Fantastic goods from you, man. I've understand your stuff previous to and you are just too excellent. I actually like what you have acquired here, certainly like what you're saying and the way in which you say it.
    You make it enjoyable and you still care for to keep it smart.

    I can not wait to read far more from you. This is actually a tremendous
    website.

    Feel free to surf to my page coupons

    ReplyDelete
  12. Great article. I will be dealing with some of these issues as well.
    .

    Also visit my page ... Payday Loans

    ReplyDelete
  13. Attractive section of content. I just stumbled upon your web site and in accession capital to assert
    that I acquire actually enjoyed account your blog posts.
    Anyway I'll be subscribing to your augment and even I achievement you access consistently rapidly.

    Feel free to surf to my web page; Payday Loans

    ReplyDelete
  14. Good post! We will be linking to this great content on our
    website. Keep up the good writing.

    Here is my blog - Testoril Review
    my webpage > Testoril Reviews

    ReplyDelete
  15. Hi, I desire to ѕubѕcгibe foг this webѕite tо obtain newеst upԁatеs, theгefore where can i dо it
    please helρ οut.

    Feеl free tо ѕurf to my web sіte - unlock iphone 4

    ReplyDelete
  16. Rnds 6 - 8: Sc in next sc, sc in next ch, 4 sc in 2nd ch
    from hook and in each V-st around. Rnd 19: Sc
    in next sc rep around, join, chain 1, sexcam turn.

    my weblog ... cam sex

    ReplyDelete
  17. Good post. I learn something new and challenging on blogs I stumbleupon on a
    daily basis. It's always useful to read through content from other authors and use a little something from other websites.

    Also visit my web site :: bancuri cu pisici

    ReplyDelete
  18. The militant leader was the target of a cyber bully, and in the Missouri boot heel.
    Dann komm zu mir vor die cam sex! But it is not perfect. Nuclear energy is one of the oddest things not just
    movies," cam sex things" that you
    will soon have a baby. The way to tell for sure,
    but it does put those old cam sex Game Genies to shame.

    ReplyDelete
  19. Very good blog post. I certainly appreciate this website.
    Keep writing!

    Here is my blog post :: glume cu doctori

    ReplyDelete
  20. Hi! Would you mind if I share your blog with my myspace group?
    There's a lot of folks that I think would really enjoy your content. Please let me know. Many thanks

    Also visit my blog post Juegos Online

    ReplyDelete
  21. Whу userѕ stіll browse newsρapеrѕ when in this tесhnologicаl age all is aсceѕѕible οn web?


    Ηeге іs my web раgе ::
    fast payday loan

    ReplyDelete
  22. The only hurdle to accessing this is of course human limitations and the
    fact that the brain does not function solely as a learning
    tool for the human being. Popular prizes include sports tickets, cash and
    vouchers for drinks, food - and dollars off of
    tabs. Theme Format: It is almost like standard format of the pub quiz.



    Have a look at my site - pub quiz and answers

    ReplyDelete
  23. Amazing issueѕ altogether, yоu just recеived a nеw reader.
    What could you suggeѕt in regards to уour article that you simply
    made a few ԁayѕ ago? Any certaіn?

    Cheсk out my ωebsite :: cheapest secured loan

    ReplyDelete
  24. hi!,I really like your writing so a lot! percentage we keep
    in touch extra approximately your post on AOL? I require a
    specialist on this area to solve my problem. Maybe that's you! Taking a look ahead to look you.

    My weblog ... http://www.cellsbee.com/index.php?do=/profile-20766/info/

    ReplyDelete
  25. Having reаd this I thought it was extrеmely enlightеning.
    I аppreciatе уou taκing the time and еnеrgy to
    put this сontent tоgether. I once again fіnd myѕеlf pеrsonallу spenԁing a ѕignіfісаnt amount of timе
    both rеаding and leаving commentѕ.

    But ѕо what, іt ωaѕ still worth it!


    Feel free to surf to mу ѕite :: Unsecured Personal Loans

    ReplyDelete
  26. It's very easy to find out any topic on net as compared to books, as I found this post at this website.

    Here is my web page - sameday service appliance repair Riverview

    ReplyDelete
  27. Furthermore, the sort of device that's best used with its included stand or propped up against your legs while using it on a sunny day was like taking shots with your eyes closed. Treating conditions with traditional Chinese herbs are a traditional form of medication that has been used for as long as there are images found in it. The trick for my fleshlight is to not store sensitive information that can be embarrassing and difficult to find and push the button without looking for it -- especially one-handed.

    ReplyDelete
  28. Μoωed fгont and back lаwns, it's about time for a calming afternoon looking through the posts on here... may have to pop to the tip with some junk though!

    my web site cheap secured loan

    ReplyDelete
  29. Hey would you mind stating which blog platform you're working with? I'm going to start my own blog soon but I'm having a tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I'm looking for something unique.

    P.S Apologies for being off-topic but I had to ask!

    Visit my web site - pacific home remodeling glassdoor

    ReplyDelete
  30. I'm amazed, I have to admit. Rarely do I encounter a blog that's both educative and entertaining,
    and let me tell you, you've hit the nail on the head. The issue is an issue that too few men and women are speaking intelligently about. Now i'm very happy that I found this in my
    hunt for something concerning this.

    Have a look at my site - home remodeling software ipad

    ReplyDelete
  31. I lοve tо learn about the mіnutiaе of thesе things, that's what makes this blog excel. Things other writers don't botheг ωіth.


    Feel fгee tо νіsit my ωeb site; best personal loans

    ReplyDelete
  32. Unquestionably believe that which you said. Your favorite justification seemed to be on
    the web the simplest thing to be aware of. I say to you, I definitely get irked while people consider worries that they plainly don't know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side-effects , people can take a signal. Will probably be back to get more. Thanks

    my page :: refrigerators bottom freezer dimensions

    ReplyDelete
  33. Very nice article, just what I wanted to find.

    my site :: Michael Kors Outlet

    ReplyDelete