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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Banking Regulation

2 Results / Page 1 of 1

Background

Business / Economics

Trustco Bank Completes Voluntary Shutdown

Trustco Bank has officially ceased operations, finalizing its voluntary closure process that began on 23 August 2024. Following extensive efforts to reimburse depositors, any unclaimed funds have been transferred to the Guardian Fund under the Master of the High Court, as directed by the Bank of Namibia. Trustco’s Deputy CEO, Quinton Van Rooyen Junior, confirmed the completion of the process.  

today4 March, 2025 35

Business / Economics

Bank of Namibia warns public about Global Green Network

The Bank of Namibia has warned the public about Global Green Network after finding that it broke the Banking Institutions Act, of 1998. The investigation showed that the company was involved in illegal financial activities. As a result, the Bank advises people to stop dealing with Global Green Network immediately. BoN’s Strategic Communications Practitioner, Josefina Oskar.  

today18 September, 2024 47