REVIEW OF OPERATIONS

COMMERCIAL BANKING DIVISION (100% SHAREHOLDING)

  • Strong competitive advantages in the local market due to intergroup synergies.
  • Alternative low-cost business model which enables value creation across the Trustco group.
  • Flexible technology solutions allowing for modern and dynamic product development.
  • Strong and sustainable growth potential.
  • Fully Namibian commercial bank.

Trustco Bank Namibia is one of only two Namibian owned banks in Namibia. The bank aims to build a bank fit for future generations – one that can adapt rapidly to changing social and economic environments. The next phase of the Trustco Bank strategy will enhance its existing competitive strengths and create new capabilities. The focus areas for Trustco Bank include a banking system conversion, growing income streams, client-centric product development as well as strategic partnerships and synergies. More information about Trustco Bank is available at: www.tbn.na