By Sylvia Juuko

SHAREHOLDERS of Global Trust Bank (Uganda) have injected sh25b to shore up the company’s capital base and competitively position it for business growth, the managing director said recently.

“The injection of capital is a measure of their commitment to the enterprise as well as a restatement of their firm belief that Global Trust Bank has a great future,” Richard Byarugaba said.

He said the capital would allow the bank invest in infrastructure and human resources to serve their customers efficiently.

Byarugaba explained in a statement that the continuous injection of fresh capital is part of the shareholders’ planned initiatives to boost the bank’s competitiveness in the market.

The bank, he added, had installed an improved and integrated Automated Teller Machine (ATM) service at their main branch in Kampala, and embarked on the implementation of multi-channel delivery.

“With our new service, customers are able to manage their own accounts without coming into the banking hall. We are committed to providing aulity service at premium costs,” Byarugaba said.

Global Trust Bank launched operations in November 2008, following the acquisition of Commercial Microfinance.

The bank operates eight branches, five of which are in Kampala while the others are found in Mukono, Mbale, Pallisa and Paidha.

“Our network of branches will be expanded to keep pace with the growth of our business, which is anchored on a national operation that conforms to global best practice,” the managing director said.