Categories: Stories

Trust Bank properties to be auctioned next week

The assets of the now defunct Trust Bank are set to be auctioned next week as the liquidator moves to recover creditors funds.

The bank was placed under final judicial management in May 2016 after failing to attract new investment. It had deposits of about $17.7 million at the time of closure in September 2013.

Auctioneer Hammer and Tongues today said it will be auctioning over 50 vehicles and office furniture.

“Duly instructed by Deposit Protection Corporation (DPC), liquidators of Trust Bank Corporation under liquidation, we will sell the ..assets by auction,” said Hammer and Tongues.- The Source

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Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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