Trust Merchant Bank
Encyclopedia
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 microfinance banking.
The bank is regulated by the Central Bank of Congo and is a member of the Association Congolaise des Banques
.
interbank network (TRMSCD3L) and is also a principal member of both Western Union
and VISA
, as well as offering MasterCard
products and services.
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
.
's global 'Customer Service Excellence Award'. In 2011 EMEA Finance granted TMB the award 'Best Bank in the Democratic Republic of Congo'. The same year the bank was nominated for the award 'Best Local Bank in Africa' in 'The African Banker Awards'.
plays host to Le Monde des Flamboyants, a multi-purpose exhibition gallery.
Lubumbashi
Lubumbashi is the second largest city in the Democratic Republic of the Congo, second only to the nation's capital Kinshasa, and the hub of the southeastern part of the country. The copper-mining city serves as the capital of the relatively prosperous Katanga Province, lying near the Zambian border...
. 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 microfinance banking.
The bank is regulated by the Central Bank of Congo and is a member of the Association Congolaise des Banques
Association Congolaise des Banques
The Association Congolaise des Banques , was created on 22 August 1952. By law No. 003-2002 of 2 February 2002, The Activities and Supervision of Credit Institutions in the Democratic Republic of Congo, Article 86 provides that all credit institutions are required to join the association...
.
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 2010, total assets were in excess of US$230mn, equivalent to approximately 10% of total bank assets in the DRC. TMB is a member of the SWIFTSwift
The swifts are a family, Apodidae, of highly aerial birds. They are superficially similar to swallows, but are actually not closely related to passerine species at all; swifts are in the separate order Apodiformes, which they share with hummingbirds...
interbank network (TRMSCD3L) and is also a principal member of both Western Union
Western Union
The Western Union Company is a financial services and communications company based in the United States. Its North American headquarters is in Englewood, Colorado. Up until 2006, Western Union was the best-known U.S...
and VISA
Visa
Visa or VISA may refer to:* Visa , a document issued by a country's government allowing the holder to enter or to leave that country...
, as well as offering MasterCard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
products and services.
Bank Characteristics
Trust Merchant Bank has several unique characteristics:- TMB was the first institution to introduce microfinance banking in the DRC.
- The Bank has a presence in every province of the DRC.
- It is the only bank headquartered in a city other than the national capital, KinshasaKinshasaKinshasa is the capital and largest city of the Democratic Republic of the Congo. The city is located on the Congo River....
. - It is the sole provider of banking services in two of the DRC's provinces, namely BandunduBandunduBandundu, formerly known as Banningville or Banningstad, is a city in Bandundu Province in the Democratic Republic of the Congo.Bandundu is the capital of Bandundu Province. It is located on the north bank of the Kwango River, just below the juncture of the Kwango and the Kwilu, 8 km upstream from...
and ManiemaManiemaManiema is a province of the Democratic Republic of the Congo. Its capital is Kindu.Following the 2005 Constitution , 25 new provinces were to be created from the 10 current provinces within 36 months . As of October 2010, this had not taken place...
.
Branch Network
Trust Merchant Bank operates full service branches in nine of the DRC's eleven provinces, with branches found in the following locations:- Bandundu-VilleBandunduBandundu, formerly known as Banningville or Banningstad, is a city in Bandundu Province in the Democratic Republic of the Congo.Bandundu is the capital of Bandundu Province. It is located on the north bank of the Kwango River, just below the juncture of the Kwango and the Kwilu, 8 km upstream from...
- BukavuBukavuBukavu is a city in eastern Democratic Republic of the Congo , lying at the extreme south-eastern extent of Lake Kivu, west of Cyangugu in Rwanda, and separated from it by the outlet of the Ruzizi River. It is the capital of the Sud-Kivu province and as of 2009 it had an estimated population of...
- Fungurume
- GomaGomaGoma is a city in the eastern Democratic Republic of the Congo, on the northern shore of Lake Kivu, next to the Rwandan city of Gisenyi. The lake and the two cities are in the western branch of the Great Rift Valley, and Goma lies only 13 to 18 km due south of the crater of the active...
- KalemieKalemieKalemie, formerly Albertville/Albertstad, is a town on the western shore of Lake Tanganyika in the Democratic Republic of the Congo. The town is next to the exit of the Lukuga River flowing out from Lake Tanganyika to the Lualaba River....
- Kilwa
- KinduKinduKindu is a town in the Democratic Republic of Congo, the capital of Maniema province. It has a population of about 200,000 and is situated on the Congo River at an altitude of about 500 metres, and is about 400 km west of Bukavu....
- KinshasaKinshasaKinshasa is the capital and largest city of the Democratic Republic of the Congo. The city is located on the Congo River....
(multiple branches) - KisanganiKisanganiKisangani is the capital of Orientale Province in the Democratic Republic of the Congo. It is the 3rd largest urbanized city in the country and the largest of the cities that lie in the tropical woodlands of the Congo....
- KolweziKolweziKolwezi is a city in Katanga Province in the south of the Democratic Republic of the Congo, west of Likasi. It is home to an airport and a railway to Lubumbashi. The population is approximately 418,000....
- LikasiLikasiLikasi, formerly known as Jadotville or Jadotstad, is a city in Haut-Katanga Province, in the south-east of the Democratic Republic of Congo.-Demographics:Likasi has a population of around 367,000...
- LubumbashiLubumbashiLubumbashi is the second largest city in the Democratic Republic of the Congo, second only to the nation's capital Kinshasa, and the hub of the southeastern part of the country. The copper-mining city serves as the capital of the relatively prosperous Katanga Province, lying near the Zambian border...
(multiple branches) - MatadiMatadiMatadi is the chief sea port of the Democratic Republic of the Congo and the capital of the Bas-Congo province. It has a population of 245,862 . Matadi is situated on the left bank of the Congo River from the mouth and below the last navigable point before rapids make the river impassable for a...
- MbandakaMbandakaMbandaka, formerly known as Coquilhatville or Coquilhatstad , is a city on the Congo River in the Democratic Republic of Congo, lying near the confluence of the Congo and Ruki Rivers. The capital of the Equateur District, it is home to an airport and is linked by ferry to Kinshasa and Boende...
- MuandaMuandaMuanda or Moanda is a town lying on the Atlantic Ocean coast of the Democratic Republic of Congo at the mouth of the Congo River. It is situated in Bas-Congo Province, and has a population of 50,000...
TMB is the only bank in the DRC to operate bank branches onsite at a number of MONUSCO
United Nations Mission in the Democratic Republic of Congo
The United Nations Organization Stabilization Mission in the Democratic Republic of the Congo or MONUSCO , is a United Nations peacekeeping force in the Democratic Republic of the Congo which was established by the United Nations Security Council in resolutions 1279...
sites across the country, including in Kisangani
Kisangani
Kisangani is the capital of Orientale Province in the Democratic Republic of the Congo. It is the 3rd largest urbanized city in the country and the largest of the cities that lie in the tropical woodlands of the Congo....
and Bunia
Bunia
Bunia is a city in Democratic Republic of the Congo and is the headquarters of Ituri Interim Administration in the Ituri region of Orientale Province....
.
Awards
In 2010 TMB won CitibankCitibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
's global 'Customer Service Excellence Award'. In 2011 EMEA Finance granted TMB the award 'Best Bank in the Democratic Republic of Congo'. The same year the bank was nominated for the award 'Best Local Bank in Africa' in 'The African Banker Awards'.
Le Monde des Flamboyants
TMB's regional headquarters in KinshasaKinshasa
Kinshasa is the capital and largest city of the Democratic Republic of the Congo. The city is located on the Congo River....
plays host to Le Monde des Flamboyants, a multi-purpose exhibition gallery.