Buffalo Commercial Bank
Encyclopedia
Buffalo Commercial Bank 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.
ese financial institution, serving the banking needs of the people and businesses of this part of the world. It is a small but growing private commercial bank headquartered in Juba, the capital and largest city in South Sudan.
and South Sudan
and the signing of the Comprehensive Peace Agreement
(CPA) in Naivasha
, Kenya
, in 2005.
is privately owned. , the detailed shareholding is not publicly known.
. The current chairman of the Board is Lual Acuek Lual Deng.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in South Sudan
South Sudan
South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...
. It is one of the commercial banks licensed by the Bank of South Sudan, the national banking regulator.
Overview
The bank is an indigenous South SudanSouth Sudan
South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...
ese financial institution, serving the banking needs of the people and businesses of this part of the world. It is a small but growing private commercial bank headquartered in Juba, the capital and largest city in South Sudan.
History
Buffalo Commercial Bank was established in 2008, following the cessation of hostilities between SudanSudan
Sudan , officially the Republic of the Sudan , is a country in North Africa, sometimes considered part of the Middle East politically. It is bordered by Egypt to the north, the Red Sea to the northeast, Eritrea and Ethiopia to the east, South Sudan to the south, the Central African Republic to the...
and South Sudan
South Sudan
South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...
and the signing of the Comprehensive Peace Agreement
Comprehensive Peace Agreement
The Comprehensive Peace Agreement , also known as the Naivasha Agreement, was a set of agreements culminating in January 2005 that were signed between the Sudan People's Liberation Movement and the Government of Sudan...
(CPA) in Naivasha
Naivasha
Naivasha is a market town in Rift Valley Province, Kenya, lying north west of Nairobi. It is located on the shore of Lake Naivasha and along the Nairobi - Nakuru highway and Uganda Railway.Naivasha is part of the Nakuru District...
, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, in 2005.
Ownership
The bank's stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is privately owned. , the detailed shareholding is not publicly known.
Branch Network
The branch network of the bank include the following locations:- Malakia Branch - Juba
- Juba Market Branch - Juba Main Branch
- Wazarat Branch - Ministerial Premises, Juba
- Wau Branch - Wau
Governance
The Bank is governed by a nine-member Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. The current chairman of the Board is Lual Acuek Lual Deng.
External links
- Website of Buffalo Commercial Bank
- Website of Bank of Southern Sudan
- List of Financial Institutions Operating In Southern Sudan
See also
- List of banks in South Sudan
- Bank of South Sudan
- Economy of South SudanEconomy of South SudanThe economy of South Sudan is one of the world's weakest and most underdeveloped with South Sudan having little existing infrastructure and the highest maternal mortality and female illiteracy rates in the world as of 2011. Until 1992, the Sudanese Pound has replaced the dinar as Sudan's currency...