Mountain Trade and Development Bank
{{Short description|Commercial bank in South Sudan}}
{{Infobox company
| name = Mountain Trade and Development Bank
| logo =
| type = Private company
| company_slogan =
| foundation = {{start date|2010}}
| location = Juba, South Sudan
| key_people = Mikias Tadesse Betemariam (Managing Director)
| num_employees =
| assets =
| revenue =
| industry = Banking
| products = Loans, Savings, Checking, Investments, Debit Cards, Credit Cards
| homepage =
}}
Mountain Trade and Development Bank is a commercial bank in South Sudan. It is licensed by the Bank of South Sudan, the central bank and national banking regulator.{{cite web|title=Gurtong Trust: Licensed Commercial Banks In South Sudan|accessdate=5 December 2014|url=http://www.gurtong.net/Business/Finance/tabid/68/Default.aspx |
publisher=Gurtong.net (Gurtong)}}
Mountain Trade and Development Bank is a privately held financial institution, founded by wealthy individuals from the Nuba Mountains, in Southern Kordofan State. {{cite web|
url=https://www.nytimes.com/2011/07/10/world/africa/10sudan.html?_r=0|title=After Years of Struggle, South Sudan Becomes A New Nation|date=9 July 2011|first=Jeffrey|last=Gettleman|accessdate=5 December 2014|newspaper=New York Times}}
History
Mountain Trade and Development Bank was founded in August 2010, five and one half 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.{{cite web|
url=http://www.occasionalwitness.com/Articles/20100812.html|last=Wudu|date=12 August 2010|accessdate=5 December 2014|first=Boboya Simon| publisher=OccasionalWitness.Com Quoting Juba Post|title=Mountain Bank Launches In Juba}} 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
{{asof|December 2014}}, Mountain Trade & Development Bank maintains its headquarters in Juba, the capital of South Sudan and that country's largest city.{{cite web|
url=http://www.gurtong.net/ECM/Editorial/tabid/124/ctl/ArticleView/mid/519/articleId/3955/New-Bank-in-Town.aspx|title=New Bank In Town|
date=12 August 2010|first=Juma John |last=Stephen|accessdate=5 December 2014|publisher=Gurtong}} It also maintains a branch in Nimule, the Eastern Equatoria town at the International border with the Republic of Uganda.{{cite web|url=http://thecorporate-weekly.com/index.php?option=com_content&view=article&id=54:mountain-trade-and-development-bank-opens-nimule-branch&catid=16:news-business&Itemid=102|
title=Mountain Trade and Development Bank Opens Nimule Branch|
date=7 April 2014|accessdate=5 December 2014|first=Denis| last=Elamu|newspaper=© 2014 The Corporate Weekly Newspaper}} {{cite web|url=http://catholicradionetwork.org/?q=node/13884|
title=Mountain Development Bank Opens Branch In Nimule|date=7 April 2014|publisher=Catholic Radio Network|
accessdate=5 December 2014}}
See also
References
{{reflist}}
External links
- [http://www.southsudaninfo.com/Banks_of_South_Sudan Partial Listing of Commercial Banks In South Sudan]
- [http://africanbusinessmagazine.com/country-reports/banks-who-dares-wins/ Banks: Who Dares, Wins]
Category:Banks established in 2010