admin100 percent the bank. Commercial banks will be required to have a minimum capital base of US$50 million by end of June. Since last year, Trust Bank has been trading under recapitalization linked cautionary statements.
“We confirm that the ZSE acceded to the request and as such, trading of the shares was suspended as of 31st may 2013, said THL is a statement signed by its company secretary Mr George Kaseke.
Trust Holdings last traded on March 28 this year at US0,8c and by the time was suspended, it offered at US0,4c.
During the first week of April, Trust Bank failed to meet some of its financial obligations after a number of its clients failed to access their funds, as fears mounted it could lurched into some sort of liquidity crunch.
Trust Holdings said its actions were in compliance with ZSE listing rules
The bank has also recently been linked with Allied Bank, the former Zimbabwe Allied Banking Group.
Online Reporter