The Trust Bank
Encyclopedia
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.
. , 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).
. The Trust Bank is a retail bank that focuses on meeting the banking needs of small and medium-sized enterprises (SMEs).
of TTB are owned by Ghanaian and International corporate investors. The shareholding in the bank is depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | The Trust Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |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
|-
|}
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
. It is one of the twenty-seven (27) commercial banks licensed by the Bank of Ghana
Bank of Ghana
The Bank of Ghana is the central bank of Ghana. It is located in Accra and was formed in 1957. Its name is abbreviated to BOG.-Brief Historical Background:...
, the banking regulator in the country.
Overview
TTB is a medium-sized financial services provider in GhanaGhana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
. , 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).
History
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 GhanaBank of Ghana
The Bank of Ghana is the central bank of Ghana. It is located in Accra and was formed in 1957. Its name is abbreviated to BOG.-Brief Historical Background:...
. The Trust Bank is a retail bank that focuses on meeting the banking needs of small and medium-sized enterprises (SMEs).
Ownership
The shares of stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of TTB are owned by Ghanaian and International corporate investors. The shareholding in the bank is depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | The Trust Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Social Security and National Insurance Trust of Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
(SSNIT)||61.14
|-
|2||Holding COFIPA based in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan 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
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
||06.00
|-
| ||Total||100.00
|-
|}
Branch Network
, The Trust Bank maintains a network of twenty (20) networked branches at the following locations:- Main Branch - Reinsurance House, 68 Kwame Nkrumah Avenue, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Trust Towers Branch - Sobukwe Road (Farrar) Avenue, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Okofo House Branch - Kwame Nkrumah Avenue, Adabraka, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Kantamanto Branch - Tarzan House, Near Hotel De Horses, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Tesano Branch - Tesano, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Madina Branch - Old Road Taxi Rank, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Tema Community 1 Branch - Community 1, TemaTemaTema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...
- Tema Main Branch - Hospital Road, TemaTemaTema is a city on the Atlantic coast of Ghana, lying east of the Ghanaian capital city, Accra, in the region of Greater Accra. As of 2005, Tema had a population of 209,000. The Greenwich Meridian passes directly through the city...
- Sakumono Branch - Ocean Wave Hotel, SakumonoSakumonoSakumono was originally a small fishing village on a lagoon, but by 2008 is being swallowed up as the twin cities of Accra and Tema merge. Elevation is 71m.- External links :* *...
- Post Office Square Branch - Opposite General Post Office, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Budumburam Branch - Budumburam, Central Region
- Harper Road Branch - Harper Road, Adum, KumasiKumasiKumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...
- Suame Magazine Branch - Offinso Road, Suame, KumasiKumasiKumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...
- Ashhtown Branch - Dr. Mensah Traffic Light, KumasiKumasiKumasi is a city in southern central Ghana's Ashanti region. It is located near Lake Bosomtwe, in the Rain Forest Region about northwest of Accra. Kumasi is approximately north of the Equator and north of the Gulf of Guinea...
- Kwashieman Branch - Kwashieman, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Kissieman Branch - Kissieman, Near J. B. Plaza
- Dede Plaza Branch - Spintex Road, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Kwabenya Branch - KwabenyaKwabenya-Town structure:The town in under the jurisdiction of the Ga East District and is in the Dome-Kwabenya constituency of the Ghana parliament....
, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous... - Okponglo Branch - Okponglo, AccraAccraAccra is the capital and largest city of Ghana, with an urban population of 1,658,937 according to the 2000 census. Accra is also the capital of the Greater Accra Region and of the Accra Metropolitan District, with which it is coterminous...
- Kasoa Branch - KasoaKasoa-Location:Kasoa is located in the Awutu Bereku Districts of Ghana, in the Central Region of Ghana. The town is situated along the Accra-Cape Coast Road, approximately , by road, west of Kotoka International Airport, the International Airport that serves Ghana's capital city of Accra...