Trustco Bank Namibia

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Trustco Bank Namibia
legal form Limited
founding February 1, 2010
Seat Ongwediva , NamibiaNamibiaNamibia 
management Michel Arnoult
Number of employees 135 ( October 2012)
Branch Banking
Website www.tbn.na

The seat of the bank is in the Rockwell Center in Ongwediva
Former bank logo

Trustco Bank Namibia (until June 2014 FIDES Bank Namibia ) is a commercial bank in Namibia . The bank was taken over by the Namibian Trustco Group in May 2014 .

FIDES Bank Namibia received the provisional banking license on August 4th, 2009 and the permanent license on February 1st, 2010. The institution is headquartered in Ongwediva in the Oshana region .

Founded as the first microfinance bank since independence - and as one of five commercial banks - FIDES Bank Namibia has received a banking license from the Bank of Namibia (national regulator of banking operations).

history

FIDES Bank Namibia emerged from the Koshi Yomuti ELO pilot project . From 2002 until the bank was founded in 2010, the aim of this project was the development of microfinance activities for the rural population . The focus was on supporting income-generating business activities in this customer segment.

The project originally started in the Ohangwena region and expanded to Ondangwa in 2005 , to Oshakati in 2006 and to Outapi in 2007 .

When the bank was founded, the loan portfolio of the pilot project was transferred to the new institution. At the same time, the development of a portfolio for small and medium-sized enterprises (SMEs) began.

activities

Trustco Bank Namibia is active in two product segments:

  • Financing income-generating activities ( microfinance ): The aim is to make savings and loan transactions accessible to customers who mostly live in the rural areas of the country. The development of this activity is based on a group method and is used almost exclusively by that part of the population that is excluded from the formal Namibian banking system.
  • Micro, small and medium business finance: The target is the semi-formal and formal business, which is normally not covered by traditional banks.

At the end of 2012, FIDES Bank Namibia had around 11,000 clients and a little more than 650 microfinance groups.

Geographical presence and branch network

Trustco Bank Namibia is represented in the four 'O' regions in northern Namibia ( Ohangwena , Omusati , Oshana and Oshikoto ). The first branch opened in Oshakati in early 2010 , with three more opened in Ondangwa , Oshikango and Outapi . The bank plans to open a branch in Katutura.

Ownership

Trustco Bank Namibia was initially in the hands of four shareholders.

  • Swiss Microfinance Holding (30.05%);
  • KfW (24.90%);
  • Investisseurs et Partenaires pour le développement from France (22.45%); and
  • The Belgian national assets NV (12.60%).
  • The French cooperative bank Crédit Coopératif (10.00% - since 2011)

The bank was taken over by the Namibian Trustco Group in May 2014 .

See also

Individual evidence

  1. ↑ Banking license No. BIC 006, issued in Windhoek by the Bank of Namibia
  2. ^ Fides becomes Trustco Bank Namibia . In: Namibian Sun, May 27, 2014; Retrieved June 3, 2014
  3. ↑ Niël Terblanche: BON staan aan banklisensie micro lener toe . In: Die Republikein . August 6, 2009.
  4. ^ First micro finance bank gets license . In: Namibia Economist . August 7, 2009.
  5. ↑ Desie Heita: Bank for poor opens its doors . In: New Era . February 4, 2010.
  6. ^ A b Roman Pletter, Kristina Maroldt: The business on credit . In: Enormous . May 2010.
  7. ↑ Microfinance bank receives license . General newspaper . September 5, 2009. Retrieved April 15, 2011.
  8. ↑ Desie Heita: Big four banks not scared of competition . In: New Era . September 1, 2009.
  9. ↑ Desie Heita: Micro Finance Banking Sparks Need for Regulation . In: New Era . 4th August 2009.
  10. ↑ Sukaynah Alkatib: Lifeline for the Poor . In: Insight . September 2009.
  11. ↑ Tonderai Katswara: Micro-finance Improves lives of rural people . In: The Namibian . October 25, 2006.
  12. ↑ Fred Goeieman: Vrede vestig die grondslag vir groei, sê connoisseur . In: Die Republikein . 17th August 2007.
  13. ↑ Da'oud Vries: Germany gives seed capital for Namibia's first micro-finance banking institution . In: The Namibian . September 22, 2008.
  14. ↑ Ruhan Bothma: Miljoene dollar se hulp vir entrepreneurs . In: Die Republikein . September 23, 2008.
  15. ↑ Thorsten Geutling: Germany bankrolls Microfinance Bank for the North . In: Informanté . September 6, 2007.
  16. ^ Daniela Meyer: Victorias banking secret . In: € uro . December 2011.
  17. ↑ Grameen Model Launched in Namibia . In: Business Post . February 1, 2010.
  18. ↑ a b c FIDES Bank Namibia . In: Financial Services Namibia 2011-2012 . June 2011-June 2012.
  19. ↑ a b Volksvermogen contributes to a capital increase in FIDES Bank Namibia to support its further growth . Incofin. September 5, 2012. Archived from the original on January 6, 2014. Retrieved on September 21, 2012.
  20. ^ FIDES Bank Namibia Limited opened its doors to the public ( en ) NBC News . April 29, 2010. Retrieved on April 15, 2011.  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / www.nbc.com.na  
  21. ↑ Willian J. Mbangula: Fides Bank to open branch Katutura . In: Informanté . July 26, 2012.
  22. ↑ Ndapwa Alweendo: German investor in micro-finance bank has no plans to stick around long . In: The Namibian . August 6, 2009.
  23. ↑ The Prospective FIDES Bank Namibia Ltd receives the provisional Banking License From Bank of Namibia . Press release, August 4, 2009
  24. ^ MIX-Market: Profile MIX-Market de Koshi Yomuti . Retrieved October 29, 2010.