Global Trust Bank Ltd

Global Trust Bank Ltd has been amalgamated with the Oriental Bank of Commerce. The merger took place on 14th August, 2004. Global Trust Bank Ltd provided various kinds of services to its clients prior to its amalgamation with the Oriental Bank of Commerce.

The various services provided by the Bank had been overdrafts, term loans, letters of credit, cash credit, bank guarantees, and bill inland discounting. Global Trust Bank Ltd had also launch in partnership with Visa, the Proton International Debit Card.

After the amalgamation, the depositors as well as the other customers of Global Trust Bank Ltd function as the customers of the Oriental Bank of Commerce. Oriental Bank of Commerce has taken steps in order to ensure that the customers of Global Trust Bank Ltd continue to receive proper services. According to the Amalgamation Scheme, the shareholders of Global Trust Bank Ltd may receive pro- rata payment, if extra money is left behind after all the liabilities of the Bank are met with the realization of its assets.

Last Updated on 3/16/2011

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