Bank of Khartoum Misr too established a branch in Khartoum, followed the next year by Jordan's Arab Bank. Then in 1958 the State Bank of Ethiopia (later Commercial Bank of Ethiopia), established a branch in Khartoum. In 1969, National and Grindlays Bank acquired Ottoman Bank, only to lose it the next year to nationalization. In 1970 the Sudanese government nationalized all the banks in the Sudan, changed the names of several, and put them under the Bank of Sudan. Barclays Bank, which had an extensive network of 24 branches, became the State Bank of Foreign Trade, and then Bank of Khartoum in 1975.
Bank of Khartoum Bank Misr's six branches became People's Cooperative Bank. Arab Bank's four branches became Red Sea Bank or Red Sea Commercial Bank (reports differ). Commercial Bank of Ethiopia's one branch became Juba Commercial Bank. National and Grindlays Bank's four branches, which Ottoman Bank had established, became Omdurman Bank. Then in 1973 the government merged Red Sea Bank and People's Cooperative Bank into Omdurman Bank. Eleven years later, Omdurman Bank merged with Juba Commercial Bank to form Unity Bank. In 1993, the government grouped Unity Bank, National Export Import Bank, and Bank of Khartoum into the Khartoum Bank Group. In 2002 the