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Trust Bank
On this page
Company details
- Legal name
- Trust Bank Limited
- Listing
- TBL on the Ghana Stock Exchange, active (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2024 · annual report, final status not established · source
Read with these figures
- Annual report not confirmed as final. The published copy is unsigned and undated. The FY2024 figures come from it.
Full wording and sources
Annual report for 2024: final status not established
The independent auditors' report (PKF, engagement partner Donald Charles Kaye) carries no signature and its date is printed blank ('Date: ....... 2025', PDF p18, page image). The statements were approved by the board on 26 March 2025 and signed by the chairperson, managing director, a director and the secretary (PDF p21, page image).
Source: Trust Bank Annual Report and Consolidated Financial Statements for the year ended 31 December 2024 (dated 2025-03-26)
-
Net interest income
GMD 947 million
946,793 GMD thousands · p20
+32.0% vs 2023
Interest income less interest expense, as printed.
-
Operating income
GMD 1.31 billion
1,314,869 GMD thousands · p20
+23.0% vs 2023
The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.
-
Profit / (loss) for the year
GMD 340 million
340,052 GMD thousands · p20
+31.3% vs 2023
-
Total assets
GMD 12.8 billion
12,821,947 GMD thousands · p21
+11.1% vs 2023
-
Customer deposits
GMD 10.7 billion
10,702,058 GMD thousands · p21
+6.5% vs 2023
-
Total equity
GMD 1.58 billion
1,578,337 GMD thousands · p21
+16.6% vs 2023
Large amounts are rounded for reading (GMD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in GMD thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2024 — annual report, final status not established; reported for the year · source
- FY2023 — annual report, final status not established; comparative in the FY2024 filing · source
Income statement
| Line (as printed) | FY2024Annual reportreported for the year | FY2023Annual reportcomparative in FY2024 filing |
|---|---|---|
| Interest and similar income | 1,124,653 | 819,881 |
| Interest and similar expense | (177,860) | (102,655) |
| Net Interest Income | 946,793 | 717,226 |
| Fees and commission income | 235,199 | 214,368 |
| Fees and commission expense | (17,011) | (10,265) |
| Net fee and commission income | 218,188 | 204,103 |
| Net trading income | 39,585 | 54,737 |
| Other operating income | 110,303 | 92,983 |
| Operating income | 1,314,869 | 1,069,049 |
| Net impairment loss on financial asset | (62,406) | (52,982) |
| Personnel expenses | (363,788) | (285,634) |
| Depreciation and amortization1 | (91,865) | (76,470) |
| Depreciation of Right-of-Use2 | (2,945) | (2,104) |
| Other expenses | (330,626) | (287,854) |
| Impairment and operating expenses (unlabelled subtotal)3 | (851,630) | (705,044) |
| Profit before income tax | 463,239 | 364,005 |
| Income tax expense | (123,187) | (105,097) |
| Profit for the year | 340,052 | 258,908 |
| Net gain on fair value equity instrument at FVOCI4 | 34,056 | 21,113 |
| Other comprehensive income for the year | 34,056 | 21,113 |
| Total comprehensive income for the year | 374,108 | 280,021 |
Notes and alternative reported figures (4)
- “Depreciation and amortization” is an issuer-specific line, not mapped to a shared definition: Depreciation of property and equipment with amortisation of intangibles (notes 20a, 20b), one line.
- “Depreciation of Right-of-Use” is an issuer-specific line, not mapped to a shared definition: Note 19.
- “Impairment and operating expenses (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of net impairment loss, personnel expenses, depreciation and other expenses.
- “Net gain on fair value equity instrument at FVOCI” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income: note 18a.
Balance sheet
| Line (as printed) | FY2024Annual reportreported for the year | FY2023Annual reportcomparative in FY2024 filing |
|---|---|---|
| Cash and cash equivalents | 2,215,376 | 3,365,462 |
| Financial assets at amortised cost | 4,131,783 | 2,518,783 |
| Loans and advances to customers | 5,046,247 | 4,331,265 |
| Investment in other equity securities | 168,458 | 140,462 |
| Property, plant and equipment | 1,014,271 | 945,328 |
| Right-of-Use Assets | 14,049 | 16,994 |
| Intangible assets | 41,230 | 54,242 |
| Deferred tax | 26,373 | 10,653 |
| Other assets | 164,160 | 155,122 |
| TOTAL ASSETS | 12,821,947 | 11,538,311 |
| Deposits from Banks | 4,717 | 4,342 |
| Deposits from Customers | 10,702,058 | 10,048,656 |
| Bank Overdraft | 384,022 | –1 |
| Current tax | 33,734 | 18,879 |
| Employee benefit obligations | 3,160 | 2,617 |
| Finance Lease Liabiliies2 | 4,925 | 3,820 |
| Other liabilities | 110,994 | 106,106 |
| Total liabilities | 11,243,610 | 10,184,420 |
| Stated capital | 400,000 | 200,000 |
| Income surplus | 323,924 | 261,440 |
| Statutory reserves3 | 287,050 | 399,987 |
| Credit Risk reserve | 67,537 | 26,694 |
| Revaluation reserve | 385,401 | 385,401 |
| Equity revaluation reserve | 114,425 | 80,369 |
| Total equity attributable to equity holders of the Group | 1,578,337 | 1,353,891 |
| TOTAL LIABILITIES AND EQUITY | 12,821,947 | 11,538,311 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (2)
- “Finance Lease Liabiliies” is an issuer-specific line, not mapped to a shared definition: Note 19: lease liabilities, not split into current and non-current (label printed with a typo).
- “Statutory reserves” is an issuer-specific line, not mapped to a shared definition: Note 26: reserve required by the Banking Act, transferred from income surplus.
Cash flow
| Line (as printed) | FY2024Annual reportreported for the year | FY2023Annual reportcomparative in FY2024 filing |
|---|---|---|
| Operating cash flow before interest and tax (unlabelled subtotal)1 | (2,066,892) | 264,272 |
| Interest and dividends received2 | 1,124,653 | 819,881 |
| Interest paid3 | (176,755) | (102,276) |
| Income tax paid | (124,020) | (90,877) |
| Net cash used in operating activities | (1,243,014) | 891,000 |
| Proceeds from the sale of Gamswitch shares4 | 8,874 | –5 |
| Addition of right of use6 | –5 | (14,952) |
| Purchase of property and equipment | (142,235) | (187,219) |
| Proceeds from the sale of property/ equipment | 1,494 | 1,880 |
| Purchase of intangible assets | (9,565) | (23,767) |
| Net cash used in investing activities | (141,432) | (224,058) |
| Dividends paid | (149,662) | (118,584) |
| Net cash used in investing activities | (149,662) | (118,584) |
| NET INCREASE/( INCREASE) IN CASH/ CASH EQUIVALENTS | (1,534,108) | 548,358 |
| Cash and cash equivalents at beginning of the year | 3,365,462 | 2,817,104 |
| CASH/CASH EQUIVALENTS AT 31 DECEMBER | 1,831,354 | 3,365,462 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (5)
- “Operating cash flow before interest and tax (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal: profit before tax adjusted for non-cash items and changes in operating assets and liabilities.
- “Interest and dividends received” is an issuer-specific line, not mapped to a shared definition: Within operating activities.
- “Interest paid” is an issuer-specific line, not mapped to a shared definition: Interest paid on deposits and borrowings, within operating activities.
- “Proceeds from the sale of Gamswitch shares” is an issuer-specific line, not mapped to a shared definition: Investing activities: sale of an equity investment.
- “Addition of right of use” is an issuer-specific line, not mapped to a shared definition: Investing activities: right-of-use asset additions paid.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid |
(149,662) | GMD thousands | Annual report, p24 |
| 31 Dec 2023 | Dividends paid (cash flow statement) | Dividends paid |
(118,584) | GMD thousands | Annual report, p24 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Trust Bank Annual Report and Consolidated Financial Statements for the year ended 31 December 2024
Year ended 31 December 2024 · Annual report · final status not established
Audit: PKF (Accountants and business advisers), Bijilo, The Gambia, unmodified opinion
Auditor's sign-off: PKF; engagement partner Donald Charles Kaye (named, not signed)
Final status: The independent auditors' report (PKF, engagement partner Donald Charles Kaye) carries no signature and its date is printed blank ('Date: ....... 2025', PDF p18, page image). The statements were approved by the board on 26 March 2025 and signed by the chairperson, managing director, a director and the secretary (PDF p21, page image).
- Document date
- 26 Mar 2025
- Published
- 12 May 2025
- Auditor's report
- date left blank in this document
- Board approval
- 26 Mar 2025
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2024, FY2023
- Basis
- consolidated statements · GMD thousands (printed “D'000”)
- The financing total is labelled 'Net cash used in investing activities' (p24); the group's 'Total comprehensive income attributable to' lines print 340,052 / 280,021 against a total comprehensive income of 374,108 / 280,021 (p20). Both kept as printed.
- Earnings per share is printed in bututs (170; 2023: 129, p20) and stored in dalasi (÷100) with the printed figure and unit kept. The GSE post names the issuer 'TRUST BANK PLC'; the document prints 'Trust Bank'.
Technical details
- File
- 99 pages, with a text layer
- SHA-256
30c9aac6f7d66efb260d990dc73173f944f5bf98423b72e0e6d6093efd2c2846- Entity as printed
- Trust Bank and its subsidiaries (the Group)
- Exchange copy
- retrieved 2026-10-08T17:54:05Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.