The Trust Bank
| Private | |
| Industry | Financial Services |
| Founded | 1996 |
| Headquarters | Accra, Ghana |
|
Key people
|
Albert D. Osei Chairman Larry Yirenkyi-Boafo Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$204.7+ million (2009) |
|
Number of employees
|
411 (2010) |
| Website | 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.
TTB is a medium-sized financial services provider in Ghana. As of December 2009[update], 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 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 of TTB are owned by Ghanaian and International corporate investors. The shareholding in the bank is depicted in the table below:
As of February 2011[update], The Trust Bank maintains a network of twenty (20) networked branches at the following locations:
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.
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