Prime Bank (Gambia)

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Prime Bank (Gambia) Limited
Type Private
Industry Financial Services
Founded 2009
Headquarters 42 Kairaba Avenue, Serrekunda, Gambia
Products Loans, Checking, Savings, Investments, Debit Cards
Website Homepage

Prime Bank (Gambia) Limited, commonly known as Prime Bank (Gambia), was a private commercial bank in the Gambia. It was the 12th commercial bank to be licensed in the country. The bank is a subsidiary of Lebanese Canadian Bank (LCB).[1]

History[edit]

The Lebanese Canadian Bank (LCB), the parent company of Prime Bank (Gambia), operated from 1968 through 1988 as a subsidiary of the Royal Bank of Canada Middle East. LCB is now among the top ten league banks in Lebanon, known as the Alpha Group, and currently has a network of about 35 branches in Lebanon with about 600 permanent employees. Prime Bank (Gambia) is LCB's first African subsidiary. LCB is now working to set up a subsidiary sn in the Democratic Republic of the Congo (DRC).[2] In January 2013, the investors in the institution decided to voluntarily close down the bank by withholding new capital injection, to meet new capital requirements by the Central Bank of The Gambia (CBG).[3]

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