Kush bank pledges better service for Jonglei state citizens
September 4, 2015 (BOR) – Kush commercial bank, one of the financial institutions in South Sudan has opened a branch in Jonglei state, pledging to provide better services to its customers.
“We will be having a personal, corporate banking and loan service here with us. We will have internet banking system and more. You will come and experience it [for] yourself and compare with the rest of the banks in South Sudan,” Mawien said on Friday.
Two foreign banks and a local one operated in the country’s largest state before the outbreak of the violent conflict in December 2013. These include Kenya Commercial Bank, Equity Bank and Eden bank.
A number of forex bureaus also provide services to the locals in Bor. Despite this, however, citizens still complain of lacking banking services coupled with the scarcity of hard currencies in Jonglei state.
According the board chairman of Kush bank, the presence of the institution would enable availability of services to the state citizens.
He said the bank provides low interest rates and loans to customers.
The deputy governor of the state, Baba Medan, applauded the management of the bank for extending services to the population.
“We feel good because of Kush bank in our state; they will compete with Liberty Bank. Liberty is charging people highly. With Kush, you deposit your money here and you take it in Juba without charges”, he said.
Meanwhile, a group of women running small businesses in Bor expressed their readiness to open their accounts with Kush bank, to save their cash to enable them secure loans to boost their trade.
After it was legally registered for operation in 2012 as a private commercial bank, Kush bank was officially granted license to operate as a conventional bank on 6 November 2013, after satisfying the statutory capitalisation and infrastructural requirements.
(ST)