Celebrity Gossip

Global Trust Bank Closed by Bank of Uganda

global_trust_bankBank of Uganda (BOU) has effective today 25th July 2014 taken over the management of Global Trust Bank. From reliable sources, BOU wrote to the Chairman of the Board of Global trust bank informing him about the closure. Details regarding the reasons for closure are not yet available but according to our sources, it could be related to mismanagement and capital adequacy deficiency.

Unfortunately the customers had no time to withdraw their funds – bad news for banking and the entertainment industry in Uganda.

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