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
