Mountain Trade and Development Bank

Mountain Trade and Development Bank
Mountain Trade and Development Bank
Type Private
Industry Financial Services
Founded 2010
Headquarters Juba, South Sudan
Key people Neroun Philip Ajo
Chairman
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards

Mountain Trade and Development Bank (MTDB), is a commercial bank in South Sudan. It is one of the commercial banks licensed by the Bank of South Sudan, the national banking regulator.[1]

Contents

History

Mountain Trade and Development Bank was founded in August 2010, five and one years after the cessation of hostilities between South Sudan and Sudan and the signing of the Comprehensive Peace Agreement (CPA) in Naivasha, Kenya. With headquarters in the capital city of Juba, the bank has plans to expand to other South Sudanese states.[2]

Overview

The bank is a small financial services provider. It is one of eight (8) banks, providing commercial banking serices in South Sudan at the time if independence in July 2011.

Ownership

MTDB is a privately held financial institution. South Sudanese media reports suggest the bank was founded by wealthy individuals from the Nuba Mountains, in Southern Kordofan State.[3] The detailed shareholding in the stock of the bank is not publicly known at this time.

Branch Network

As of July 2011, Mountain Trade & Development Bank maintains its headquarters in Juba, the capital of South Sudan and that country's largest city. There are no other known branches of the bank bank at this time.

External links

See also

  • Bank of South Sudan
  • Economy of South Sudan
  • List of banks in South Sudan

References


Wikimedia Foundation. 2010.

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