Ivory Bank
Encyclopedia
Ivory Bank is a commercial bank
in South Sudan
. It is one of the commercial banks licensed to operate in South Sudan, by the Bank of South Sudan, the national banking regulator.
, Sudan
. In April 2009, the bank relocated the headquarters to Juba, the capital and largest city in South Sudan
.
of Ivory Bank is Gabriel Changson Chang and the Managing Director is Ernest Woderif Marbaga.
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 to operate in South Sudan, by the Bank of South Sudan, the national banking regulator.
Overview
Ivory Bank is a pioneer bank in South Sudan, being one of the earliest financial institutions opened to serve the banking needs of the people in this part of the world.History
Ivory Bank was founded in 1994 by a group of South Sudanese businesspeople to serve the banking needs of the people and businesses of South Sudan. The bank originally maintained its headquarters in KhartoumKhartoum
Khartoum is the capital and largest city of Sudan and of Khartoum State. It is located at the confluence of the White Nile flowing north from Lake Victoria, and the Blue Nile flowing west from Ethiopia. The location where the two Niles meet is known as "al-Mogran"...
, Sudan
Sudan
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...
. In April 2009, the bank relocated the headquarters to Juba, the capital and largest city 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...
.
Ownership
The bank is privately owned and the complete list of shareholders is not publicly known as of October 2010.Branch Network
, Ivory Bank maintained branches at the following locations:- Aweil Branch - Aweil, South Sudan
- Main Branch - Juba, South Sudan
- Khartoum Branch - KhartoumKhartoumKhartoum is the capital and largest city of Sudan and of Khartoum State. It is located at the confluence of the White Nile flowing north from Lake Victoria, and the Blue Nile flowing west from Ethiopia. The location where the two Niles meet is known as "al-Mogran"...
, SudanSudanSudan , 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... - Malakal Branch - MalakalMalakal-Location:The city of Malakal is located in Malakal County, Upper Nile State, in the northeast of South Sudan, close to the International borders with the Republic of Sudan and with Ethiopia...
, South Sudan - Renk Branch - Renk, South Sudan
- Wau Branch - Wau, South Sudan
- Yei Branch - Yei, South Sudan
- Kaya Branch - Kaya, South Sudan
- Nimule Branch - NimuleNimuleNimule is a town in South Sudan, immediately north of the International border with Uganda.-Location:Nimule is located in Magwi County, Eastern Equatoria State, South Sudan, adjacent to the border with the Republic of Uganda. This location lies approximately , by road, southeast of Juba, the...
, South Sudan - Nasir Branch - Nasir, South Sudan
- Rejaf Branch - RejafRejafRejaf, also Rajjāf or Rageef, is a community in Central Equatoria State in South Sudan, on the west bank of the White Nile.The Lado Enclave was an exclave of the Congo Free State that existed from 1894 until 1910, leased by the British to King Leopold II of Belgium for the period of his lifetime...
, South Sudan
Governance
The Chairman of the Board of GovernorsBoard of governors
Board of governors is a term sometimes applied to the board of directors of a public entity or non-profit organization.Many public institutions, such as public universities, are government-owned corporations. The British Broadcasting Corporation was managed by a board of governors, though this role...
of Ivory Bank is Gabriel Changson Chang and the Managing Director is Ernest Woderif Marbaga.