Trust Bank properties go under the hammer

Trust Bank properties go under the hammer

HARARE, August 17 (The Source) – 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 on Wednesday 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.