The Trust Bank Limited, commonly known as The Trust Bank (TTB), is a commercial bank in Ghana. It is one of the 27 commercial banks licensed by the Bank of Ghana, the banking regulator in the country.List of Licensed Commercial Banks In Ghana
Overview 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 shareholders' equity of about US$27 million (GHS:40.73 million).The Trust Bank Financial Highlights
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 Ghana. 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 stock of TTB are owned by Ghanaian and International corporate investors. The shareholding in the bank is depicted in the table below:Shareholding In The Trust Bank Limited
+ The Trust Bank stock ownershipRank Name of ownerPercentage ownership1Social Security and National Insurance Trust of Ghana (SSNIT)61.142Holding COFIPA based in France13.503Netherlands Development Finance Company (FMO)10.004Ghana Re-Insurance Company Limited 09.365African Tiger Mutual Fund of Ghana06.00 Total100.00
Branch network , The Trust Bank maintains a network of 20 networked branches at the following locations:Branches of The Trust Bank
Main Branch - Reinsurance House, 68 Kwame Nkrumah Avenue, Accra Trust Towers Branch - Sobukwe Road (Farrar) Avenue, Accra Okofo House Branch - Kwame Nkrumah Avenue, Adabraka, Accra Kantamanto Branch - Tarzan House, Near Hotel De Horses, Accra Tesano Branch - Tesano, Accra Madina Branch - Old Road Taxi Rank, Accra Tema Community 1 Branch - Community 1, Tema Tema Main Branch - Hospital Road, Tema Sakumono Branch - Ocean Wave Hotel, Sakumono Post Office Square Branch - opposite General Post Office, Accra Budumburam Branch - Budumburam, Central Region Harper Road Branch - Harper Road, Adum, Kumasi Suame Magazine Branch - Offinso Road, Suame, Kumasi Ashhtown Branch - Dr. Mensah Traffic Light, Kumasi Kwashieman Branch - Kwashieman, Accra Kissieman Branch - Kissieman, near J. B. Plaza Dede Plaza Branch - Spintex Road, Accra Kwabenya Branch - Kwabenya, Accra Okponglo Branch - Okponglo, Accra Kasoa Branch - Kasoa
Takeover and merger 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.
See also List of banks in Ghana Economy of Ghana
References
External links Website of The Trust Bank Website of Bank of Ghana List of commercial banks in Ghana Bank Lending Rates Still High