Stanbic in talks to save South Sudan branch licence

Stanbic Bank branch on Kimathi Street Nairobi.

Photo credit: File | Nation Media Group

Stanbic Bank Kenya is in talks with South Sudanese regulators to resolve a dispute between the parties that has threatened its Juba operations.

The Bank of South Sudan (BOSS) has threatened to revoke the licence of Stanbic Bank Limited South Sudan in a move that could deny the lender a piece of the market that was once the most profitable among regional subsidiaries of local banks.

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