{"id":30639,"date":"2023-01-16T11:08:03","date_gmt":"2023-01-16T11:08:03","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy"},"modified":"2023-01-16T11:28:34","modified_gmt":"2023-01-16T11:28:34","slug":"central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy","title":{"rendered":"Central Bank revokes licenses of 2 commercial banks over dormancy"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks.<\/p>\n

The Saint Theresa Rural Development Bank was licensed on January 14, 2016, while the Southern Rock was licensed a year later.<\/p>\n

According to a public notice dated 29TH of December 2022, issued by the Governor of Bank South Sudan, the two private commercial banks failed to carry out any banking activities since their establishments.<\/p>\n

Johnny Ohisa Damian said the particular banks did not receive money deposits or other repayable funds from the public or event extend credits for their own accounts.<\/p>\n

\u201cSince the (BoSS) issued operational license to Southern Rock Bank on 14th January 2017, several efforts were made by the BoSS to revive the bank through the process of recapitalization and sourcing new investors,\u201d Bank Governor Damian said in a press statement.<\/p>\n

He also stated the banks have not been engaging in conventional banking activities in the Republic of South Sudan and they acted outside their mandates.<\/p>\n

\u201cAs all efforts have been made, the Bank of South Sudan up to date has not seen any action taken by the management of (the banks) to ensure that critical service are offered to the public as the doors of the bank are kept closed for business.\u201d<\/p>\n

\u201cIn light of the above, the license of the Southern Rock Bank, and Saint Theresa Rural Development Bank are hereby revoked….and you are hereby directed to summit the license to the Bank of South Sudan.\u201d<\/p>\n

The license revocations were effected early this month.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks. The Saint Theresa Rural Development Bank was licensed on January 14, 2016, while the Southern Rock was licensed a year later. According to a public notice dated 29TH of December 2022, issued by the […]<\/p>\n","protected":false},"author":84,"featured_media":30638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-30639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nCentral Bank revokes licenses of 2 commercial banks over dormancy - South Sudan<\/title>\n<meta name=\"description\" content=\"The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks. The Sain ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank revokes licenses of 2 commercial banks over dormancy\" \/>\n<meta property=\"og:description\" content=\"The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks. The Sain ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-16T11:08:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-16T11:28:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Central Bank revokes licenses of 2 commercial banks over dormancy\",\"datePublished\":\"2023-01-16T11:08:03+00:00\",\"dateModified\":\"2023-01-16T11:28:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy\"},\"wordCount\":274,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy\",\"name\":\"Central Bank revokes licenses of 2 commercial banks over dormancy - South Sudan\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg\",\"datePublished\":\"2023-01-16T11:08:03+00:00\",\"dateModified\":\"2023-01-16T11:28:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks. The Sain ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg\",\"width\":720,\"height\":404,\"caption\":\"Central Bank revokes licenses of 2 commercial banks over dormancy\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-sudan\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Central Bank revokes licenses of 2 commercial banks over dormancy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/\",\"name\":\"South Sudan\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Central Bank revokes licenses of 2 commercial banks over dormancy - South Sudan","description":"The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks. The Sain ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy","og_locale":"en_US","og_type":"article","og_title":"Central Bank revokes licenses of 2 commercial banks over dormancy","og_description":"The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks. The Sain ...","og_url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy","og_site_name":"South Sudan","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-01-16T11:08:03+00:00","article_modified_time":"2023-01-16T11:28:34+00:00","og_image":[{"width":720,"height":404,"url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Central Bank revokes licenses of 2 commercial banks over dormancy","datePublished":"2023-01-16T11:08:03+00:00","dateModified":"2023-01-16T11:28:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy"},"wordCount":274,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg","keywords":["Africa Press","Africa Press-South-Sudan","South-Sudan"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy","url":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy","name":"Central Bank revokes licenses of 2 commercial banks over dormancy - South Sudan","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg","datePublished":"2023-01-16T11:08:03+00:00","dateModified":"2023-01-16T11:28:34+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Bank of South Sudan has withdrawn the licenses of Saint Theresa Rural Development and Southern Rock banks. The Sain ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#primaryimage","url":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/01\/postQueueImg_1673854688.49.jpg","width":720,"height":404,"caption":"Central Bank revokes licenses of 2 commercial banks over dormancy"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/central-bank-revokes-licenses-of-2-commercial-banks-over-dormancy#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-sudan\/"},{"@type":"ListItem","position":2,"name":"Central Bank revokes licenses of 2 commercial banks over dormancy"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-sudan\/#website","url":"https:\/\/www.africa-press.net\/south-sudan\/","name":"South Sudan","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-sudan\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/30639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/comments?post=30639"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/posts\/30639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media\/30638"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/media?parent=30639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/categories?post=30639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-sudan\/wp-json\/wp\/v2\/tags?post=30639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}