Trust Merchant Bank

Trust Merchant Bank (TMB)

Type	Private
Industry	Banking
Founded	2004
Headquarters	1223 Avenue Lumumba, Lubumbashi, Democratic Republic of Congo
Products	Loans, Checking, Savings, Debit Cards, Credit Cards, Mobile Banking, Online Banking, Trade Finance, Remote Salary Payments
Total assets	US$576 million (2014)
Number of employees	1,100+
Website	www.trustmerchantbank.com

Trust Merchant Bank or TMB, is an independent commercial bank based in the Democratic Republic of Congo (DRC), with its headquarters located in Lubumbashi. The bank began operations in 2004. TMB operates in all sectors of the local banking market, including in retail banking, SME banking, corporate banking, and mobile banking.

The bank is regulated by the Central Bank of Congo and is a member of the Association Congolaise des Banques.

Overview

Trust Merchant Bank is one of the DRC's largest banks as measured by regulatory equity, total assets and turnover. As of 31 December 2014, total assets were in excess of US$575mn, equivalent to approximately 10% of total bank assets in the DRC. TMB is a member of the SWIFT interbank network (TRMSCD3L) and is also a principal member of MasterCard, and Visa.

Bank Characteristics

Trust Merchant Bank has several unique characteristics:

TMB was the first institution to launch a proprietary mobile banking service.
TMB is the only bank to offer a nationwide branch network.
It is the only bank headquartered in a city other than the national capital, Kinshasa.
The Bank was the first Congolese bank to secure a licence to open a Representative Office in Brussels.

Branch Network

Trust Merchant Bank operates full service branches across the Democratic Republic of Congo:

The main banking hall at TMB headquarters branch, Lubumbashi

Bandundu-Ville
Beni
Bukavu (multiple branches)
Bunia
Butembo
Fungurume
Gemena
Goma (multiple branches)
Kalemie
Kamina
Kananga
Kasumbalesa
Kenge
Kilwa
Kindu
Kinshasa (multiple branches)
Kisangani
Kolwezi
Likasi
Lubumbashi (multiple branches)
Matadi
Mbandaka
Mbanza Ngundu
Mbuji-Mayi
Mwene-Ditu
Muanda
Uvira

The Bank maintains a representative office in Brussels

TMB is the only bank in the DRC to operate bank branches onsite at a number of MONUSCO sites across the country, including in Kisangani and Bunia.

Awards

TMB was named as Bank of the Year Democratic Republic of Congo in 2012, 2013, 2014, and 2015 by The Banker. In 2011, 2012, 2013, 2014, and again in 2015 EMEA Finance awarded TMB the title Best Bank in the Democratic Republic of Congo.

In 2014 and 2015 Global Finance Magazine recognised TMB as the Best Bank in the Democratic Republic of Congo.

Le Monde des Flamboyants

TMB's regional headquarters in Kinshasa plays host to Le Monde des Flamboyants, a multi-purpose exhibition gallery.

References

External links

This article is issued from Wikipedia - version of the Thursday, December 10, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.