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Zimbabwe's Trust Bank Faces Liquidation

Trust Bank is facing liquidation after the Reserve Bank of Zimbabwe cancelled its banking licence over allegations of abuse of depositors' funds and violation of the provisions of the Banking Act.

  • Zimbabwe:   Trust Bank to Be Liquidated

    The Herald, 30 December 2013

    TRUST Bank is facing liquidation after the Reserve Bank of Zimbabwe cancelled it's banking licence over allegations of abuse of depositors' funds and violation of the provisions of… Read more »

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Trust Bank.

  • Zimbabwe:   Trust Bank Bosses Get Nod to Amend Appeal Papers

    The Herald, 25 December 2013

    Three Trust Holdings Limited directors - Tapera William Nyemba, Christopher Goromonzi and Josphat Sachikonye - who are challenging a High Court order compelling them to honour a… Read more »

  • Zimbabwe:   Cash Crunch Symptomatic

    The Herald, 19 December 2013

    THE cash crunch that has afflicted the financial sector, in recent weeks particularly, is certainly cause for concern, especially in instances where demand for money by depositors… Read more »

  • Zimbabwe:   TRUST Fights Against Closure

    Zimbabwe Standard, 15 December 2013

    TRUST will launch a legal battle against the cancellation of its banking licence as it emerged that the process had not been properly followed. Read more »

  • Zimbabwe:   Trust Bank's Recap Hangs in the Balance

    The Herald, 26 November 2013

    THE recapitalisation of Trust Bank is hanging in the balance amid revelations that its potential investor, Mining Oil and Gas Service, a South African-based firm will only inject… Read more »

  • Zimbabwe:   Second Bank Fails to Pay Depositors

    New Zimbabwe, 20 November 2013

    TRUST bank became the second financial institution to struggle to pay depositors their money this week as the country's banks battle a biting liquidity crunch which has been… Read more »

  • Zimbabwe:   Trust Bank in Trouble

    The Herald, 8 April 2013

    TRUST Bank says it has concluded negotiations with an investor who expects to inject US$9 million for recapitalisation while talks continue for an additional US$4 million as the… Read more »

  • Zimbabwe:   Trust Bank to Merge With Allied Bank

    Zimbabwe Independent, 5 April 2013

    TRUST Bank is in talks with Allied Bank, owned by Mines minister Obert Mpofu, over a potential partnership to enable the two financial insititutions to meet the Reserve Bank of… Read more »

  • Zimbabwe:   Trust Bank in Capital Raise

    Financial Gazette, 13 March 2013

    TRUST Banking Corporation Limited (TBC), a unit of the Zimbabwe Stock Exchange-listed group, Trust Holdings Limited (THL), is on the verge of increasing its capital after one of… Read more »

  • Zimbabwe:   Trust Bank Courts Foreign Investors

    The Herald, 23 January 2013

    TRUST HOLDINGS says it is concluding negotiations with potential foreign investors for US$20 million in fresh capital to allow its main subsidiary, Trust Bank, meet increased… Read more »

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