The story
The bank was started in 2003 by South Sudanese individuals. The number of investors in the bank grew to exceed 1,700 individuals and the banks branch network grew to over twenty.
In April 2009, it was reported that the bank had run out of cash, as a result of non-performing loans made to officials in the Government of South Sudan (GOSS). The bank was temporarily closed in 2009 while the bad loans were being recovered. In September 2009, Nile Commercial Bank received a capital injection of 102 million Sudanese Pounds (approximately US$44 million) by the Government of South Sudan and by the Bank of South Sudan.
From Wikipedia’s article on Nile Commercial Bank, shared under CC BY-SA 4.0.3