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.
HMS Khartoum (F45) and the sloop in search for "Torricelli" near Perim Island. After interception, "Khartoum" and these warships took part in a surface engagement with the submarine, during which "Torricelli" was sunk and "Shoreham" damaged. However, during the battle, "Khartoum" was hit by return fire which damaged the after torpedo tube mounting. Some five and a half hours later, at 11.50am (local time), a torpedo's compressed air chamber exploded, propelling the warhead through the deck house of number 3 4.7-inch mount. and causing a serious uncontrollable fire from a ruptured oil tank there. This resulted in an explosion of the ship's artillery