South Sudan’s central bank has threatened to revoke the licence of Stanbic Bank Limited South Sudan in a move set to deny the lender a piece of the market that was once the most profitable among regional subsidiaries of local banks.
The Bank of South Sudan (BOSS) says in a letter to the lender that it is contemplating withdrawing its trading licence because the bank has been operating as a branch of the Kenyan lender (Stanbic Bank Limited).
