Ivory Bank History

It was in 1992 when a group of Southern Sudanese Bankers and other professional conceived on idea for establishment of Financial Institutions in the South Sudan. Among many proposed institutions Banking was chosen. The reasons were many. A detailed and comprehensive feasibility study was produced on the project. The study was very encouraging; it was found that South Sudan is a virgin land in both agricultural and mineral resources. It was also found that South Sudan does not have any financial or Commercial Institutions while the Northern Sudan has both. These finding became the incentives for the group mentioned above to launch a Banking project for the South Sudan based in Sudan.

In the background of the above mentioned situation, Ivory Bank was incorporated in 1992 and became operational in 1994. Ivory has also established Subsidiary Company (IVORY TRADING COMPANY) in South Sudan as a part of diversified portfolio and has recently involved in local trade of essential consumer commodities to rescue the hunger situation of South Sudan. Ivory became the first Bank to wholly owned by the Government of South Sudan. Ivory Bank role is evident in all economic fields due to its geographic outreach. The Bank has a large geographic outreach.

The Bank has a large client base of 1.5 million clients in South Sudan enjoying with our best different business sectors services and a total paid up capital amounting to SSP32,966,661 million. The Bank has 12 local branches and one foreign Branch in Sudan together with an international network Commercial Bank of Africa - Kenya and Centenary Rural Development Bank – Uganda –others under process of establishment.

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