Assets Management & Recovery Corporation

The Assets Management and Recovery Corporation (AMRC) deals in Gambian land sale tenders for re-possessed plots, houses, commercial buildings and other assets on behalf of the Government.

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These take the form of development and commercial loans, Managed Fund Portfolios, forfeited real estate and financing via the Gambia Cooperative Union.

  • Said properties are offered for under the Statutory Power of Sale vested in aforementioned body by the mortgage deeds duty registered and / or the AMRC Act 1992.
  • Persons desiring to tender for properties should contact the Managing Director for inspection to be arranged.
  • Each tender must be enclosed in its own separate envelope, securely sealed and marked on the outside with the property or properties of your choice.
  • Potential buyers are advised to give a contact address (with street names and numbers) and a daytime telephone number.
  • The corporation reserves the right to reject any bid it considers unsuitable.

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Financials

Fiscal Year 2016

Profit / Loss Before Taxes

D33,200,000 -89.2%

Total Assets

D299,900,000 2899%

Profit / Loss Before Taxes

D-6,500,000 -1183.3%

Income

D5,200,000 -91.1%

Profit / Loss After Taxes

D-6,500,000 -1183.3%

Total Liabilities

D8,900,000

Fiscal Year 2015

Total Assets

D307,500,000 702.9%

Total Liabilities

D10,000,000 20.5%

Profit / Loss Before Taxes

D600,000 -112.8%

Income

D58,600,000 8271.4%

Profit / Loss After Taxes

D600,000 -112.8%

Fiscal Year 2014

Total Assets

D38,300,000 -18.5%

Income

D8,300,000 -4250%

Profit / Loss After Taxes

D-4,700,000 -133.8%

Total Liabilities

D700,000 -450%

Profit / Loss Before Taxes

D-4,700,000 -141.2%

Fiscal Year 2013

Total Assets

D47,000,000 19.3%

Profit / Loss Before Taxes

D-200,000 -95.7%

Income

D13,900,000 43.3%

Profit / Loss After Taxes

D-200,000 -95.7%

Total Liabilities

D11,400,000 936.4%

Fiscal Year 2012

Total Assets

D39,400,000 102.1%

Profit / Loss Before Taxes

D-4,600,000 -103.3%

Income

D9,700,000 -77.8%

Profit / Loss After Taxes

D-4,600,000 64.3%

Total Liabilities

D1,100,000 -139.3%

Fiscal Year 2011

Income

D19,500,000 29.1%

Total Assets

D140,400,000 6585.7%

Total Assets

D43,700,000 -6.8%

Profit / Loss Before Taxes

D-2,800,000 55.6%

Profit / Loss After Taxes

D-2,800,000 55.6%

Total Liabilities

D600,000 INF%

Fiscal Year 2010

Income

D15,100,000 -90.3%

Profit / Loss Before Taxes

D2,100,000 -32.3%

Total Assets

D46,900,000 -74.7%

Profit / Loss Before Taxes

D-1,800,000 -158.1%

Profit / Loss After Taxes

D-1,800,000 -101.7%

Profit / Loss After Taxes

D

Total Liabilities

D800,000

Fiscal Year 2009

Total Assets

D155,200,000

Profit / Loss Before Taxes

D3,100,000

Income

D185,700,000

Profit / Loss After Taxes

D3,100,000

Total Liabilities

D107,600,000
  • Board of Directors

    Board of Directors

    Mr Salifu Mboge Chairman (Private)
    Mr Saikou Kujabi AMRC, MD; ( Ex-Officio)
    Mr Momodou Lamin Bah Account General, MOFEA; (Ex-Officio)
    Mr. Bukari M. Gaye Member – (Private)
    Mr Lamin Camara Permanent Secretary, MOICI – (Ex-officio)
    Mr Abdoulie Jallow Permanent Secretary, MOICI – (Ex-officio)
    Mrs Elizabeth Dambelle AMRC (Secretary)
  • Contact Information
    Asset Management & Recovery Corporation 
    78/79 OAU Boulevard
    Banjul, The Gambia
    West Africa
  • Downloads (7)
    AMRC 2019
    AMRC 2019
    AMRC 2018
    AMRC 2018
    AMRC 2017
    AMRC 2017
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA

    This Code of Good Corporate Governance aims to define the responsibilities and accountabilities of the Board of Directors and Officers of State-Owned Enterprises (SOEs). It is the primary source of guidance on all aspects of governance including statutory guidance under which the SOEs operate if not conflicted with Acts of Parliament. The focus is on commercial SOEs at the national level in which government has significant control through full, majority, or substantial minority ownership.

    Assets Management & Recovery Corporation (AMRC) - 2015 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2015 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2014 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2014 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2013 Accounts
    Assets Management & Recovery Corporation (AMRC) - 2013 Accounts