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In 2020, the consolidated net profit for the bank was 650 million taka. [9] On 2 August 2022, Trust Bank held its the 23rd Annual General Meeting online chaired by the vice-chairman of the bank, Major General Md Moshfequr Rahman. [10] The meeting approved a 22.5 dividend for the year. [10]
In March 2022, Secure Trust Bank announced it would be selling the Debt Managers business, which had bought some nine years earlier, to Swedish firm Intrum. [ 9 ] In May 2022, Secure Trust Bank completed the acquisition of BNPL start-up AppToPay which will operate as part of V12 Retail Finance to offer a BNPL style product alongside its ...
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.
The bank was founded in 1996 and commenced provision of banking services on 14 October 1996, following the issuance of a banking license by the Bank of Ghana.The Trust Bank is a retail bank that focuses on meeting the banking needs of small and medium-sized enterprises (SMEs).
In September 2010, the RBZ reversed itself and re-issued the commercial banking licenses of the three banks that had been closed. ZABG also retained its banking license, bringing the total of commercial banks in the country to seventeen at that time. Trust Bank resumed banking business as a self-sufficient entity on 13 December 2010. [7] [8]
Trust bank is a medium-sized financial services provider in the Gambia.As of December 2013, the bank's total assets were valued at approximately US$121.4 million (GMD:4.75 billion), and its shareholders' equity exceeded US$11.3 million (GMD:440.2 million). [3]
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