Windhoek – Former Trustco Bank Namibia, has efficiently concluded its voluntary banking operations closure course of which started on 23 August 2024. Following intensive efforts to contact and reimburse all depositors along with accrued curiosity, the financial institution confirms that each one remaining unclaimed funds have been transferred to the Guardian Fund beneath the authority of the Master of the High Court, in compliance with the Bank of Namibia’s directive.
“We have made significant efforts to contact every client and facilitate clients with the collection of their deposits,” mentioned Riaan Bruyns, Acting CEO of former Trustco Bank Namibia. “While we’ve successfully disbursed nearly 80% of all deposits, we have now taken the final step of transferring the remaining unclaimed deposits together with interest as of 28 February 2025 to the Guardian Fund to ensure all our former clients’ money remains secure and accessible to them when they come forward.”
A remaining notification has been despatched to all former shoppers with unclaimed deposits, offering directions on methods to contact the Guardian Fund to assert their funds, efficient 3 March 2025. Former Trustco Bank Namibia shoppers can now liaise straight with the Guardian Fund for any additional claims.
Guardian Fund Contact Number: 061 292 1201
With the completion of this remaining switch, former Trustco Bank Namibia has fulfilled its obligations pertaining to the disbursement of shopper deposits. The firm affirms that 100% of its shoppers’ deposits, together with accrued curiosity, have been accounted for and distributed to both former shoppers or, in instances the place shoppers’ deposits stay unclaimed, to the Guardian Fund. This motion underscores the previous Trustco Bank Namibia’s dedication to regulatory compliance and the upkeep of economic integrity.