Standard Chartered Bank Executives Brief Barrow on Bank’s Exit Plan

State House, Banjul, 21^st April 2022: Standard Chartered Bank officials today briefed President Adama Barrow about the Bank’s divestiture plans in The Gambia, assuring him that it will be orderly and of no adverse effect on its staff and customers.

Speaking on behalf of the Bank’s representatives Lamin Manjang, CEO Standard Chartered Bank West Africa Cluster, said they assured the President that none of their staff will lose their job and their benefits will continue unhindered. Manjang said once the bank’s ownership is eventually transferred it is hoped that the new owners will absorb the existing staff and continue business as usual.

Standard Chartered Bank last week announced plans to divest from seven countries including The Gambia – five in Africa and two in the Middle East. The process is expected to take between a year or two when potential investors are expected to step in and take over its assets and operations.

Manjang was accompanied by Alpha Barry, Chairman Standard Chartered Bank Gambia and Chuks Ugha, Chief Executive Officer and Dayo Aderugbo, Head of Corporate Affairs, West Africa.