The history of financial institutions in South Sudan is a short one.
Throughout Khartoum rule till the end of civil war in 2005, there were very few commercial banks concentrated in Juba, Wau and Malakal.
As of November 2013, 28 Commercial Banks are now operating in South Sudan and more than 70 applications on the pipeline, 10 Micro Finance Institutions, 86 Forex Bureaus and a handful of Insurance companies
Current state of the Sector
Despite the increased number of financial institutions, competition is still limited and services are mainly concentrated in the urban hubs. Four main products banks offer consist of basic deposit accounts, foreign exchange, transfer, and remittance services. A few commercial banks provide loans, trade finance, or saving products. Most lending in South Sudan is short-term and concentrated in commerce, trade, construction, salaries related loans and hotels in the urban areas
Financial Institutions in South Sudan have been summarized to include the following