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.
Khartoum (state) Nile State, and in the west by North Kurdufan. There are several etymologies for the name of Khartoum. The explanation suggested as "most correct" by the state government's website is that it comes from the Arabic for "elephant's trunk", which describes the shape of the site of the city at the confluence of the two Niles, where a stretch of land extends into the water. Other stories are that it is a corruption of "gurtoum", the name for seeds of the sunflower plant, supposedly used by Roman invaders at the current site of Khartoum to treat soldiers' wounds, or that