Mountain Trade and Development Bank

Mountain Trade and Development Bank
Private company
Industry Banking
Founded 2010 (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 licensed by the Bank of South Sudan, the central bank and national banking regulator.[1]

MTDB is a privately held financial institution, founded by wealthy individuals from the Nuba Mountains, in Southern Kordofan State. [2]

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.[3] 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

As of December 2014, Mountain Trade & Development Bank maintains its headquarters in Juba, the capital of South Sudan and that country's largest city.[4] It also maintains a branch in Nimule, the Eastern Equatoria town at the International border with the Republic of Uganda.[5] [6]

See also

References

  1. ↑ Gurtong, . "Gurtong Trust: Licensed Commercial Banks In South Sudan". Gurtong.net (Gurtong). Retrieved 5 December 2014.
  2. ↑ Gettleman, Jeffrey (9 July 2011). "After Years of Struggle, South Sudan Becomes A New Nation". New York Times. Retrieved 5 December 2014.
  3. ↑ Wudu, Boboya Simon (12 August 2010). "Mountain Bank Launches In Juba". OccasionalWitness.Com Quoting Juba Post. Retrieved 5 December 2014.
  4. ↑ Juma John Stephen, . (12 August 2010). "New Bank In Town". Gurtong. Retrieved 5 December 2014.
  5. ↑ Elamu, Denis (7 April 2014). "Mountain Trade and Development Bank Opens Nimule Branch". © 2014 The Corporate Weekly Newspaper. Retrieved 5 December 2014.
  6. ↑ Bakhita Radio, . (7 April 2014). "Mountain Development Bank Opens Branch In Nimule". Catholic Radio Network. Retrieved 5 December 2014.
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