| The Trust Bank | |
| Type: | Private |
| Foundation: | 1996 |
| Key People: | Albert D. Osei Chairman Larry Yirenkyi-Boafo Managing Director |
| Num Employees: | 411 (2010) |
| Assets: | US$204.7+ million (2009) |
| Industry: | Financial services |
| Products: | Loans, Checking, Savings, Investments, Debit Cards |
| Homepage: | Homepage |
The Trust Bank Limited, commonly known as The Trust Bank (TTB), is a commercial bank in Ghana. It is one of the twenty-seven (27) commercial banks licensed by the Bank of Ghana, the banking regulator in the country.[1]
TTB is a medium-sized financial services provider in Ghana., the bank's total assets were valued at approximately US$205 million (GHS:311.75 million), with shareholder's equity of about US$27 million (GHS:40.73 million).[2]
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).
The shares of stock of TTB are owned by Ghanaian and International corporate investors. The shareholding in the bank is depicted in the table below:[3]
| + The Trust Bank Stock Ownership | ||
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Social Security and National Insurance Trust of Ghana (SSNIT) | 61.14 |
| 2 | Holding COFIPA based in France | 13.50 |
| 3 | Netherlands Development Finance Company (FMO) | 10.00 |
| 4 | Ghana Re-Insurance Company Limited | 09.36 |
| 5 | African Tiger Mutual Fund of Ghana | 06.00 |
| Total | 100.00 | |
, The Trust Bank maintains a network of twenty (20) networked branches at the following locations:[4]
In December 2011, the Bank of Ghana approved the takeover of The Trust Bank by Ecobank Transnational and the merger of the acquired institution with Ecobank Ghana.[5]