Trusts Bank, NAWEC Partnered For Sale of Cash Power

Trust Bank Gambia Ltd -- Gambia’s second largest bank -- has once again demonstrated the solid partnership that existed between it and the National Water and Electricity Company (NAWEC), by making a landmark shift into the cash-power-sale system.

Captains of the two conglomerates met on Tuesday 11 October to formalise the deal, which came after “months of negotiations and trials”.

“Today we are truly honored to announce that after months of negotiations and trials we are ready to launch the Trust Bank sale of cashpower for NAWEC.”

The deal, which was struck at the bank’s head office in Banjul, would enable consumers of the NAWEC cash power system to buy their cash power at three of the bank’s branches in the country.

“From today it will be possible for members of the public to buy their cashpower from three Trust Bank branches in exactly the same way that they would [buy] at any NAWEC outlet. As this is a new venture, we are starting of[f] with three branches, namely Banjul, Serrekunda – Saho Kunda, -- and Latrikunda,” says Oremi Joiner, General Manager of Trust Bank.

However, he was sanguine that as the clock moves with progress, there is hope that the newly introduced product will be rolled out to all the branches across the country.

Mr Joiner who was officiating the launching of the new cash payment system on behalf of the Managing Director, argued that NAWEC “[…. obviously] is the most important organization in this country, by virtue of the uniquely important role they play in national development, business success, foreign direct investment, security and at a basic level, happy citizenry.”

According to him, the rapport that existed between the two institutions, has taken a multi-faceted dimension, citing the introduction of the Electronic Bill Payment system – which has enabled consumers to pay their NAWEC-due bills to the bank --; a move he applauds.

Speaking impromptu for NAWEC Managing Director in absentia, the Commercial Director, Nani Juwara applauded the initiative, saying Trust Bank has always being there for NAWEC.

It is a partnership by both and cherish by all, he said, noting that any panacea to the long queue at NAWEC’s outlet is a step in the right direction.

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According to him, Trust Bank has always been on its shoe, solving some of NAWEC’s heart-touching predicaments. He adds that Trust Bank being one of the best banks in the country, NAWEC has bestowed a high degree of confidence on the bank, saying he was “Satisfy with the existing partnership [between us].”

He underscored the importance of the move, saying it is a high rated step for mitigating financial lost.
Speaking on the increase in volume for financial transaction in NAWEC’s outlets, Juwara was not vacillating to state, “this is one way of mitigating the risk.”

“I hope that Trust Bank will come out with other solutions to help [NAWEC] mitigate some of the challenges. If NAWEC wins, Trust Bank wins,” he quipped.

Dodou Nyang Trust Bank Marketing Manager, who also chaired the event, said Trust Bank is not going to charge anyone during the process of buying a cash power using the bank designated post. He adds that various products have been rolled by the bank and went on for free charges.