History Of Hand-In-Hand Trust
The history of Hand-In-Hand Trust Corporation Inc. spans over fifty years.
In May, 1971 the Guyana National Co-operative Bank (G.N.C.B) established a Trust Department to carry
out the various Trust Services which was incorporated as the GNCB Trust Company Limited on the 28th
December, 1971, a wholly owned subsidiary of the G.N.C.B., with its own Board of Directors.
On the 3rd February, 1977 the GNCB Trust Company Limited was reconstituted and established as the
GNCB Trust Corporation.
On the 6th January, 1999 the GNCB Trust Corporation was incorporated under the Companies Act of
Guyana into a public company limited by shares, by order #24/1998 and known as the GNCB Trust
Corporation Inc.
On the 20th November, 2002, the Hand-in-Hand Mutual Fire Insurance Company Limited acquired
ninety percent (90%) of the shares of the GNCB Trust Corporation Inc. and the Government of Guyana
retained the remaining ten percent (10%) through its holding company, National Industrial and
Commercial Investments Limited.
On the 14th March, 2003, the Hand-in-Hand Mutual Life Assurance Company Limited and the Guyana
Cooperative Insurance Services Inc. (G.C.I.S.) acquired three hundred and seventy-five thousand
(375,000) and two hundred and fifty thousand (250,000) shares respectively from the Hand-in-Hand
Mutual Fire Insurance Company Limited.
On the 29th October, 2004, the Hand-in-Hand Trust Corporation Inc. was converted to a private company
in accordance with the Companies Act 89:01 (1991).
On the 26th February 2009, the authorized share capital was increased by 5,000,000 to 7,500,000 shares.The share issue as at December 31st 2022 is:
1) Hand-in-Hand Mutual Fire Insurance Company Limited - 5,375,000
2) Hand-in-Hand Mutual Life Assurance Company Limited - 1,125,000
3) G.C.I.S. Incorporated - 750,000
4) National Industrial and Commercial Investments Limited - 250,000
TOTAL SHARE-HOLDING 7,500,000