Mountain Trade and Development Bank is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

South Sudan South Sudan (), officially the Republic of South Sudan, is a landlocked country in East Africa. It is bordered on the north by Sudan; on the east by Ethiopia; on the south by the Democratic Republic of the Congo, Uganda and Kenya; and on the ...

. It is licensed by the Bank of South Sudan, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

and national banking regulator. Mountain Trade and Development Bank is a privately held financial institution, founded by wealthy individuals from the Nuba Mountains, in Southern Kordofan State.

History

Mountain Trade and Development Bank was founded in August 2010, five and one half years after the cessation of hostilities between

and

Sudan Sudan, officially the Republic of the Sudan, is a country in Northeast Africa. It borders the Central African Republic to the southwest, Chad to the west, Libya to the northwest, Egypt to the north, the Red Sea to the east, Eritrea and Ethiopi ...

and the signing of the

Comprehensive Peace Agreement The Comprehensive Peace Agreement (CPA, ), also known as the Naivasha Agreement, was an accord signed on 9 January 2005, by the Sudan People's Liberation Movement (SPLM) and the Government of Sudan. The CPA was meant to end the Second Sudane ...

(CPA) in

Naivasha Naivasha is a town in Nakuru County, Kenya, north west of Nairobi. From 1969, the population expanded by a factor of 17 times to over 355,383 at the 2019 census. It is situated on the shores of Lake Naivasha, from which it takes its name. The ...

Kenya Kenya, officially the Republic of Kenya, is a country located in East Africa. With an estimated population of more than 52.4 million as of mid-2024, Kenya is the 27th-most-populous country in the world and the 7th most populous in Africa. ...

. With headquarters in the capital city of

Juba Juba is the capital and largest city of South Sudan. The city is situated on the White Nile and also serves as the capital of the Central Equatoria, Central Equatoria State. It is the most recently declared national capital and had a populatio ...

, the bank has plans to expand to other South Sudanese states. The board of trustees chairman said the banks aims included "empowering the people from the Nuba Mountains to boost their economic development as well to assist South Sudanese in poverty reduction efforts"

Branch network

, Mountain Trade & Development Bank maintains its headquarters in

, the capital of

and that country's largest city. It also maintains a branch in

Nimule Nimule is a city in the southern part of South Sudan in Magwi County, Eastern Equatoria. It lies approximately , by road, southeast of Juba, the capital of South Sudan and largest city in the country. The town also lies approximately , by road, n ...

, the

Eastern Equatoria Eastern Equatoria is a state in South Sudan. It has an area of 73,472 km2. The capital city is Torit. On October 1, 1972, the state was divided into Imatong and Namorunyang states and was re-established by a peace agreement signed on 22 F ...

town at the International border with the Republic of Uganda.

References

{{reflist

External links

Partial Listing of Commercial Banks In South Sudan

Banks: Who Dares, Wins
Banks of South Sudan Banks established in 2010 South Sudanese companies established in 2010 Companies based in Juba

History

Branch network

See also

References

External links