Trustco Bank Namibia

Trustco Bank Namibia

Overview

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Trustco Bank Namibia Ltd, one of ten licensed commercial banks in Namibia, focuses on retail banking via a branch network in Namibia.

The bank blends mortgage, SME, student and group lending with deposit-taking to obtain an optimal structure where profits and social investment are aligned.

History of Trustco Bank

1992
  • Trustco Group founded
2000
  • Trustco is granted its first insurance licence
  • Short-term insurance operations commence
2001
  • First Informanté edition published
2004
  • Trustco is granted its long term insurance licence
  • Life insurance operations commence
  • Trustco Air Services operations commence
  • Lafrenz Industrial Park acquired, formerly known as Farm Nubuamis – 373 hectares
2005
  • Education and finance operations acquired in Namibia
2006
  • Trustco lists on the Namibian Stock Exchange (NSX)
2007
  • Trustco expands into South Africa
2009
  • Trustco lists on Johannesburg Stock Exchange Ltd (JSE)
2010
  • NAD80 million in DFI funding secured
  • Insurance for Namibia mobile clients launched
  • Monetisation of land bank started
  • Northern Industrial Estates acquired, known as Ondangwa – 42 hectares
2011
  • Insurance expanded to include retail clients
2012
  • NAD165 million line of credit secured
  • ZAR1 billion bond issue approved
  • Insurance expanded to South Africa
  • Trustco listing moved to Main Board of the JSE
2013
  • Domestic medium-term note programme listed on the JSE Main Board
  • Elisenheim Property Development Company acquired – 1186 hectares
  • ZAR300 million bonds issued
  • Employment Equity Commission award in Namibia. The company ranked 8th out of 738 employers in Namibia
2014
  • ADR program launched in the USA
  • Acquired Fides Bank Namibia, now Trustco Bank Namibia
  • Trustco placed third in Deloitte’s annual ‘Best Company to Work For’ survey in Namibia and Southern Africa
  • Best performing share for the the JSE Main Board,Sunday Times
  • Trustco added to the JSE All-Share Index, the Small Cap Index, the Value Index, Growth Index and Financial Index
  • PMR Diamond Award Winner for good corporate citizen, advancement of corporate leadership and corporate responsibility initiatives and investment
  • Farm Herboths acquired – 2 766 hectares
2015
  • Trustco Resources established
  • Winner of Deloitte’s annual “Best Company to Work For” survey in Namibia
  • Awarded second place in the Sunday Times Top 100 Companies, South Africa
  • Launched the Trustco Top 40, showcasing employees with outstanding service
  • Acquired Watermeyer Mining and Construction Services, now Trustco Construction Services
  • Employment Equity Commission award  in recognition of good performance in the promotion of Employment Equity in Namibia
  • Shareholders approved the Huso transaction
2016
  • PMR Diamond arrow award in the business category for “Most Innovative Companies” in Namibia
  • NAD770 million line of credit secured
  • Winner of Deloitte’s annual “Best Company to Work For” survey in Namibia for the second year running
  • Trustco placed in the Top Ten of the Sunday Times Top 100 companies of the JSE.
  • Trustco Resources acquired Meya mining – expands to Sierra Leone
2017
  • Trustco earned Royal status and was placed in the Top 10 of the Sunday Times Top 100 companies of the JSE for the 3rd consecutive year. Royal status is awarded to companies who have placed in the Top 20 positions for a third consecutive year.
  • Trustco placed second in the Deloitte’s annual  Best Company to Work For 2017 Survey  in Namibia and also earned a Platinum Achievers Award Seal. The seal is a demonstration of the attractiveness of the organisation and commitment to its people, enabling the organisation to market itself as an employer of choice.
  • Shareholders approved the Riskowitz issue of shares for cash transaction
  • Shareholders approved the  Buckley  transaction
  • Shareholders approved the amendment to the Huso transaction
  • PMR Diamond Arrow Award Winner in the category ‘Leaders and Achievers.’ Awarded to companies demonstrating exceptional managerial and corporate governance qualities
  • Mixed FM radio station began broadcasting

Contact Details

Head office

Windhoek
Tel: +264(0)61-2754000
2 Keller Street,
Trustco HousePO Box 11363
Windhoek,
Namibia

Regions

Eros: +264(0)61-434 8000
Katima Mulilo: +264(0)66-254 433
Keetmanshoop: +264(0)63-227 200
Ongwediva: +264(0)65-233 300
Oshakati: +264(0)61-434 8000
Otjiwarongo: +264(0)67-314 700
Rundu: +264(0)66-255 066
Walvis Bay: +264(0)64-212 000
Gobabis: +264(0)61-270 9610

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