bank type private industry financial services founded 2008 headquarters kampala uganda key people erisa olwenyi acting chairperson morenikeji oludotun adepoju managing director 1 products loans savings checking investments debit cards credit cards mortgages revenue pretax us 743 400 ugx 1.8 billion 2011 total assets us 37.1 million ugx 90 billion 2011 number of employees 200 2008 website homepage global trust bank uganda limited gtbu commonly referred to as global trust bank gtbu was a commercial bank in uganda which started operations in 2008 and was closed down in 2014 . its headquarters were located in a five storey building on kampala road in the center of uganda s capital kampala . 2 it was licensed as a commercial bank by bank of uganda the central bank and national banking regulator . 3 the bank was a small financial services provider in uganda . as of december 2011 update its total asset valuation was approximately us 35.1 million ugx 85 billion with shareholders equity of about us 17.2 million ugx 41.53 billion . available reports indicate that the bank broke even in 2011 and began making profits in 2012 . 4 global trust bank was evaluating the introduction of sharia banking in uganda . 5 contents 1 ownership 2 domestic branches 3 regional network 4 bank chief executive 5 liquidation 6 photos 7 see also 8 references 9 external sources ownership edit as of may 2014 update global trust bank was 45.3 % owned by nigeria s largest insurance company industrial and general insurance company plc. igi . the remaining 54.7 % was owned by four corporate investors each holding less than 5 % and by eight individual investors each holding no more than 5 % of the bank s issued and authorized share capital . 6 global trust bank stock ownership rank name of owner percentage ownership 1 industrial and general insurance company igi 45.3 2 corporate investors 4 under 20.0 3 individual investors 8 under 40.0 total 100.0 other than igi none of the other corporate and individual shareholders of the bank held up to 5 % of the issued and authorized share capital of the bank . domestic branches edit as of may 2014 update global trust bank had a network of branches at the following locations 7 8 operational branches busia branch 1 sofia road customs yard busia butaleja branch butaleja district headquarters butaleja bwaise branch 975 976 sir apollo kaggwa road bwaise kampala entebbe airport branch entebbe international airport entebbe head office 2a kampala road kampala main branch kibuku branch kibuku district headquarters kibuku kikuubo branch 1st floor nabugabo business centre kampala malaba branch malaba customs building malaba mbarara branch 4 bulemba road mbarara mbale branch 1 3 manafwa road mbale mukono branch 36 jinja road mukono mutukula branch mutukula ura building customs bond mutukula najjanankumbi branch 1032 block 12 entebbe road najjanankumbi nateete branch 757 wakaliga nateete kampala nkozi branch uganda martyrs university campus nkozi owino branch st. balikuddembe market 19 nakivubo place kampala paidha branch 21 nebbi arua road paidha pallisa branch 8 kasodo road pallisa rubirizi district rubirizi rubirizi district serere branch serere district headquarters serere tororo branch 11 9 mbale road tororo branches in development amuria branch amuria amuria district gulu university branch gulu university campus gulu kamwenge branch kamwenge kamwenge district kole branch kole kole district zombo branch zombo zombo district regional network edit in january 2009 global trust bank announced plans to expand operations into the neighboring countries of burundi rwanda and south sudan . 9 in november 2009 the bank announced that it would pivot its focus towards small and medium enterprises smes using internet based and mobile phone platforms . a reduction in the number of branches was contemplated but was not implemented . 10 in may 2011 the bank joined bankcom network a bank switch system that connects the atms of member banks . global trust bank was the 8th ugandan commercial bank to join the bankcom switch . 11 bank chief executive edit in december 2008 richard byarugaba a ugandan with over 25 years of banking experience became the first managing director of global trust bank . prior to that byarugaba worked in various capacities at barclays bank nile bank limited and standard chartered bank . he was chief operations officer at barclays bank immediately before joining global trust bank . he had held several board positions at standard chartered bank nile bank hospice africa palliative care association of uganda and the uganda institute of banking and financial services . he is also a past president of the uganda institute of bankers . 12 in august 2010 following the appointment of richard byarugaba as the executive director of the national social security fund charles ajaegbu a native of nigeria with over 20 years of banking experience was appointed managing director of the bank . 13 he holds degrees in law and business . prior to that he served as the director of business development at global trust bank . as of may 2014 update the managing director of gtbu was morenikeji oludotun adepoju a native nigerian with over 22 years of banking experience in anglophone and francophone west africa . liquidation edit on friday 25 july 2014 the bank of uganda revoked the banking license of global trust bank and closed down the institution with immediate effect . dfcu bank acquired some of gtb s assets and liabilities including customer deposits and loan accounts . those assets dfcu bank did not acquire are to be liquidated . bank of uganda cited two reasons for the closure . the first was lack of profitability . at the time of liquidation gtb had accumulated losses totaling ugx 60 billion us 24 million . the second was lack of accuracy of the information provided to government . 14 photos edit headquarters of global trust bank on kampala road see also edit banking in uganda list of banks in uganda national insurance corporation industrial and general insurance company references edit the global trust bank board of directors . global trust bank . retrieved 3 may 2014 . odomel james 9 november 2008 . global trust bank opens to public . new vision . retrieved 3 may 2014 . list of licensed commercial banks in uganda at 2012 pdf . bank of uganda . retrieved 3 may 2014 . global trust bank broke even in 2011 pdf . bank of uganda . retrieved 3 may 2014 . koyesiga flaviah 31 august 2011 . global trust eyes shari ah . zawya.com . retrieved 3 may 2014 . ownership information . global trust bank . retrieved 3 may 2014 . the branch network of global trust bank . global trust bank . retrieved 3 may 2014 . businge julius 5 april 2013 . uganda executive style building a global bank brand . the independent uganda via allafrica.com . retrieved 3 may 2013 . curtis lori 13 january 2009 . microcapital story uganda s global trust bank plans expansion throughout east africa . microcapital.org . retrieved 3 may 2014 . busuulwa bernard 23 november 2009 . global trust now in corporate banking . the eastarican . retrieved 3 may 2014 . salamula pauline 27 may 2011 . bankom increases its membership to eight banks . daily monitor . retrieved 3 may 2014 . kajoba nicholas 7 december 2008 . byarugaba is global trust bank s managing director . new vision . retrieved 3 may 2014 . kulabako faridah 18 august 2010 . global trust bank appoints new boss . daily monitor . retrieved 3 may 2014 . national news 25 july 2014 . global trust bank shut down . daily monitor . retrieved 25 july 2014 . external sources edit global trust bank website profile at banks uganda.com global trust bank profile in 2012 v t e kampala district capital kampala divisions kampala central division kawempe division lubaga division makindye division nakawa division neighborhoods banda bugoloobi bukoto busega butabika bwaise ggaba kabalagala kamwookya kansanga kaleerwe kanyanya kasubi katwe kawaala kawempe kibuli kibuye kigoowa kikaaya kisaasi kiwaatule kulambiro kololo kyambogo kyebando lubaga lungujja luzira makerere makindye mbuya mengo mpererwe mulago munyonyo muyenga naakulabye naguru najjanankumbi nakasero nakawa nakawa naguru estates namirembe namungoona namuwongo nateete ndeeba nsambya ntinda old kampala port bell wandegeya banking bank of uganda uganda deposit protection fund abc bank uganda barclays bank of uganda bank of africa uganda limited bank of baroda uganda limited bank of india uganda dfcu group cairo international bank centenary bank citibank commercial bank of africa crane bank dfcu bank diamond trust bank ecobank efc uganda limited equity bank exim bank uganda finance trust bank guaranty trust bank housing finance bank kcb bank uganda limited nc bank uganda orient bank postbank uganda stanbic bank uganda limited standard chartered uganda tropical bank united bank for africa east african development bank uganda development bank opportunity uganda limited pride microfinance limited efc uganda limited finca uganda limited ugafode microfinance limited exodus savings and credit cooperative society limited mercantile credit bank letshego microfinance uganda top finance bank uganda yako microfinance limited industry aya group cipla quality chemical industries limited fi holdings house of dawda group mukwano group kiira motors corporation media daily monitor new vision new vision group the independent uganda the observer uganda information technology africell uganda airtel uganda mtn uganda uganda communications commission uganda telecom vodafone uganda economy national housing and construction company tirupati development uganda limited insurance regulatory authority of uganda national food and drug authority national identification and registration authority national social security fund national water and sewerage corporation uganda securities exchange uganda investment authority ruparelia group kyagalanyi coffee limited brookside dairy limited jesa farm dairy limited uganda retirement benefits regulatory authority capital markets authority of uganda uganda coffee development authority roko construction transport air uganda uganda air cargo kampala airport uganda national roads authority entebbe kampala expressway kampala jinja expressway kampala jinja highway kampala entebbe road kampala gayaza road kampala bombo expressway kampala busunju expressway kampala mpigi expressway kampala masaka road kampala mityana road kampala hoima road kampala northern bypass highway kampala southern bypass highway energy umeme electricity regulatory authority uganda national oil company petroleum authority of uganda uganda electricity generation company limited uganda electricity transmission company limited uganda energy credit capitalisation company notable landmarks bulange uganda parliament buildings kampala capital city authority complex hotel africana kampala protea hotel kampala serena hotel kampala sheraton hotel imperial hotels group imperial royale hotel grand imperial hotel hotel equatoria kampala hilton hotel kampala intercontinental hotel kampala speke hotel mapeera house movement house munyonyo commonwealth resort speke resort and conference center church house east african development bank building bank of uganda building complex mengo palace banda kabaka s place namirembe cathedral rubaga cathedral makerere university main campus kampala tower kibuli mosque old kampala mosque uganda museum twed towers uganda national cultural centre kasubi tombs dfcu house pension towers jlos house project roman catholic archdiocese of kampala education aga khan university kampala cavendish university uganda habib medical school institute of petroleum studies kampala international health sciences university international university of east africa kampala international school kampala international university kampala university kibuli secondary school kitante hill secondary school kololo senior secondary school kyambogo university law development centre makerere college school makerere university makerere university business school mengo senior school nabisunsa girls secondary school rubaga community school st. augustine international university st. lawrence university uganda management institute uganda martyrs university school of medicine uganda national entrepreneurship development institute uganda technology and management university victoria university uganda uganda national council for higher education health aga khan university hospital kampala butabika hospital case medical centre international hospital kampala kadic hospital kampala hospital kampala medical chambers hospital kawempe general hospital kibuli hospital kiruddu general hospital lubaga hospital makerere university hospital mbuya military hospital mengo hospital mulago hospital mulago women s referral hospital murchison bay hospital upper mulago regional referral hospital nakasero hospital naguru general hospital nsambya hospital paragon hospital uganda cancer institute uganda heart institute uganda medical and dental practitioners council women s hospital international and fertility