Cooperative Bank of South Sudan is a
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
in
South Sudan
South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the C ...
. It is licensed and supervised by the
Bank of South Sudan
The Bank of South Sudan is the central bank of the Republic of South Sudan. Established in July 2011, by an Act of Parliament (The Bank of South Sudan Act, 2011), it replaced the now defunct Bank of Southern Sudan, a former branch of the Bank of ...
, the country's
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
and national banking regulator.
Cooperative Bank Group
Cooperative Bank of South Sudan is a member of the Cooperative Bank Group, headquartered in
Nairobi
Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...
,
Kenya
)
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, with subsidiaries in Kenya and South Sudan. , the Group's asset base exceeded US$2.6 billion (KES:231.2 billion), with shareholders' equity in excess of US$414 million (KES:36.8 billion). The shares of
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
of the Cooperative Bank Group are listed on the
Nairobi Stock Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...
, where it trades under the symbol COOP. Members of the Cooperative Bank Group include the following companies:
# ''Kingdom Securities Limited'' -
Nairobi
Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...
,
Kenya
)
, national_anthem = "Ee Mungu Nguvu Yetu"()
, image_map =
, map_caption =
, image_map2 =
, capital = Nairobi
, coordinates =
, largest_city = Nairobi
, ...
- 60% shareholding
# ''Co-opTrust Investment Services Limited'' - Nairobi, Kenya - 100% shareholding
# ''Co-operative Consultancy Services Kenya Limited'' - 100% shareholding
# ''
CIC Insurance Group Limited
CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Group has a network of branches and operational subsidiaries spread across th ...
'' - 25% shareholding
# Cooperative Bank of South Sudan -
Juba, South Sudan
Juba () is the capital and largest city of South Sudan. The city is situated on the White Nile and also serves as the capital of the Central Equatoria State. It is the world's newest capital city to be elevated as such, and had a populatio ...
- 51% shareholding
Ownership
The detailed ownership of the
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
of Cooperative Bank of South Sudan is depicted in the table below:
Branch network
The bank has its headquarters in
Juba
Juba () is the capital and largest city of South Sudan. The city is situated on the White Nile and also serves as the capital of the Central Equatoria State. It is the world's newest capital city to be elevated as such, and had a populatio ...
, the
capital
Capital may refer to:
Common uses
* Capital city, a municipality of primary status
** List of national capital cities
* Capital letter, an upper-case letter Economics and social sciences
* Capital (economics), the durable produced goods used f ...
of
South Sudan
South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the C ...
and the largest city in that country. Four other branches are planned in Juba.
See also
*
Economy of South Sudan
South Sudan became the world's newest country and Africa's 55th nation on 9th July , 2011. The conflict, which started in December 2013, undermined economic development achieved since independence, making humanitarian work difficult to conduct wit ...
*
Banking in South Sudan Established by the Bank of South Sudan Act of 2011, the Central Bank of South Sudan is statutorily mandated to regulate the operations of all financial institutions in the country, including commercial banks. The Central Bank fulfills this mandate b ...
*
List of banks in South Sudan
This is a list of commercial banks in South Sudan.
: African National Bank
: Afriland First Bank South Sudan
: Agricultural Bank of South Sudan
: Buffalo Commercial Bank
: Charter One Bank South Sudan
: Commercial Bank of Ethiopia (South Sudan)
: ...
References
{{reflist
External links
Bank of South Sudan Website Website of Cooperative Bank of Kenya
Banks of South Sudan
Banks established in 2012
Companies based in Juba