Trustco’s Financial Services is a large-scale full spectrum financial services provider with primary operations in banking, lending and insurance with other investments being in real estate and education businesses. These investments are the traditional mainstay of the group with established commercial operations dating back to the founding of Trustco.
Financial services comprises of the following investments:
• insurance and its investments consisting of
- insurance
- real estate and
- education
• banking and finance consisting of
- commercial banking and
- micro-finance.
Insurance and its investments consist of the insurance division and its underlying investments, which includes Trustco Properties and the Institute for Open Learning. The insurance division offers a diversified range of financial and risk products to individuals and SMEs in Namibia and is the holder of short- and long-term insurance licences. The property division invests mostly in mixed-use land development, construction and the management thereof to contribute meaningfully to the high public demand for serviced land and housing for Namibians from all walks of life. The education division dedicates its resources, energy and passion to make education accessible to working students and students in the rural areas of Namibia.
Banking and finance comprise of a fully-fledged bank, Trustco Bank Namibia, with innovative banking products which promotes economic development and caters to the banking needs of individuals and businesses alike. Trustco Finance provides financial assistance for educational and training purposes ensuring an optimal structure where profits and social investment are aligned, whilst Trustco Capital provides long-term financing in the form of property advances.
Trustco Resources was established in 2015 to pursue opportunities within the natural resources sector. Its focus during the last six years has been on the diamond industry and the establishment of a first class international diamond mining operation, which is now set to mature into extraordinary shareholder value.
