The Trust Bank Limited, commonly known as The Trust Bank (TTB), is a
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
in
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...
. It is one of the twenty-seven (27) commercial banks licensed by the
Bank of Ghana
The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion
History
The Central Ban ...
, the banking regulator in the country.
Overview
TTB is a medium-sized financial services provider in
Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...
. , the bank's total assets were valued at approximately US$205 million (GHS:311.75 million), with shareholder's equity of about US$27 million (GHS:40.73 million).
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 Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion
History
The Central Ban ...
. The Trust Bank is a
retail bank
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking servi ...
that focuses on meeting the banking needs of small and medium-sized enterprises (SMEs).
Ownership
The shares of
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
of TTB are owned by Ghanaian and International corporate investors. The shareholding in the bank is depicted in the table below:
Branch Network
, The Trust Bank maintains a network of twenty (20) networked branches at the following locations:
# Main Branch - Reinsurance House, 68 Kwame Nkrumah Avenue,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Trust Towers Branch - Sobukwe Road (Farrar) Avenue,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Okofo House Branch - Kwame Nkrumah Avenue,
Adabraka
Adabraka is a town in the Korley Klottey Municipal Assembly, a Municipality of the Greater Accra Region of Ghana. It was the first and the most posh neighborhood in Ghana during the British era.
Education
Adabraka was known for the O'Reilly Sen ...
,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Kantamanto Branch - Tarzan House, Near Hotel De Horses,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Tesano Branch -
Tesano
Tesano is a suburb of Accra, Ghana. It is on the main Accra Kumasi Highway before Achimota. The main campus of Ghana Technology University College
Ghana Communication Technology University (GCTU) is a public technical university in Accra, Ghana ...
,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Madina Branch - Old Road Taxi Rank,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Tema Community 1 Branch - Community 1,
Tema
Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most popul ...
# Tema Main Branch - Hospital Road,
Tema
Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most popul ...
# Sakumono Branch - Ocean Wave Hotel,
Sakumono
Sakumono is a small town before Nungua from Ashaiman. It is in the Tema Metropolitan district, a district in the Greater Accra Region of Ghana. It was originally a small fishing village on a lagoon, but by 2008 is being swallowed up as the twin ci ...
# Post Office Square Branch - Opposite General Post Office,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Budumburam Branch -
Budumburam,
Central Region
# Harper Road Branch - Harper Road,
Adum
Adum is suburb of Kumasi. Kumasi is the regional capital of the Ashanti Region of Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the ...
,
Kumasi
Kumasi (historically spelled Comassie or Coomassie, usually spelled Kumase in Twi) is a city in the Ashanti Region, and is among the largest metropolitan areas in Ghana. Kumasi is located in a rain forest region near Lake Bosomtwe, and is the ...
# Suame Magazine Branch - Offinso Road,
Suame,
Kumasi
Kumasi (historically spelled Comassie or Coomassie, usually spelled Kumase in Twi) is a city in the Ashanti Region, and is among the largest metropolitan areas in Ghana. Kumasi is located in a rain forest region near Lake Bosomtwe, and is the ...
# Ashhtown Branch - Dr. Mensah Traffic Light,
Kumasi
Kumasi (historically spelled Comassie or Coomassie, usually spelled Kumase in Twi) is a city in the Ashanti Region, and is among the largest metropolitan areas in Ghana. Kumasi is located in a rain forest region near Lake Bosomtwe, and is the ...
# Kwashieman Branch -
Kwashieman
Kwashieman is a town in the Accra Metropolitan district, a district of the Greater Accra Region of Ghana
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the At ...
,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Kissieman Branch -
Kissieman, Near J. B. Plaza
# Dede Plaza Branch - Spintex Road,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Kwabenya Branch -
Kwabenya
Kwabenya is an upmarket suburb in the Ga East Municipal district, a district in the Greater Accra Region of Ghana.
There are a number of high-end gated communities and estates in the area, including twRegimanuel Gray estates some of Ofankor Hills ...
,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Okponglo Branch -
Okponglo,
Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , ...
# Kasoa Branch -
Kasoa
Kasoa, formerly known as Odupongkpehe, is a peri-urban town in the Awutu Senya East Municipal District of the Central region of Ghana.
Location
Kasoa has territory in 1 of the 20 Metropolitan, Municipalities and Districts (MMADs) in the Central ...
Takeover and merger
In December 2011, the
Bank of Ghana
The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion
History
The Central Ban ...
approved the takeover of The Trust Bank by
Ecobank Transnational and the merger of the acquired institution with
Ecobank Ghana
Ecobank Ghana is a commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator.
Overview
EBG is a member of the Pan-African Ecobank chain which operates in thirty two (32) countries. T ...
.
See also
*
List of banks in Ghana
Below is a list of commercial banks in Ghana, as of March 2020.
Banks
# Absa Bank Ghana Limited
# Access Bank Ghana Plc
# Agricultural Development Bank of Ghana
# Bank of Africa Ghana Limited
# CalBank Limited
# Consolidated Bank Ghana Limit ...
*
Economy of Ghana
The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydr ...
References
External links
Website of The Trust Bank Website of Bank of GhanaList of Commercial Banks In GhanaBank Lending Rates Still High
{{DEFAULTSORT:Trust Bank
Banks of Ghana
Companies based in Accra
Banks established in 1996
Ghanaian companies established in 1996