Africa Links 24 with Matthew Dlamini, The Namibian
Published on 2024-08-24 11:05:10
TRUSTCO Group Holdings has surrendered its banking licence to the Bank of Namibia (BoN) and stopped its banking business.
According to a statement by BoN spokesperson Kazembire Zemburuka on Friday, the central bank has cancelled the banking licence of Trustco Bank Namibia (TBN) and directed TBN to present its deposit repayment plan to the central bank on Tuesday (27 August).
This was confirmed by Trustco, which on its website said the banking portfolio accounted for less than 1% of…
Read the Full article on The Namibian
