Ownership
Global Trust Bank is 49% owned by Nigeria’s largest insurance company Industrial and General Insurance Company Plc. (IGI). The remaining 51% is owned by National Insurance Corporation (NIC) and Ugandan individuals. NIC itself is 60% owned by IGI. The remaining 40% of NIC is owned by Individual and Institutional Investors in Uganda.
Global Trust Bank is a dynamic, consumer-focused limited liability company. It started operations in November 2008, in Uganda. The bank was established on the principles of service, performance and professionalism. It is the desire of the owners to transform the organisation into a global player in the financial sector. In December 2009, the Ugandan Government divested from NIC by floating their shares on the Uganda Securities Exchange (USE). Shares of NIC began trading on the USE in March 2010.
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