USA

North Dakota State-Run Bank Sees Record Profitsi
X
Kane Farabaugh
June 13, 2014 6:11 PM
As North Dakota endures rapid transformation related to the oil boom that has brought a flood of development and jobs, one key institution helping the state grow holds a unique distinction. The Bank of North Dakota is the only state-run bank in the country. As VOA’s Kane Farabaugh reports, the bank has experienced record growth and profits at a time when the economic downturn brought down much larger and more prominent banks.

North Dakota State-Run Bank Sees Record Profits

Kane Farabaugh

Published June 13, 2014

As North Dakota endures rapid transformation related to the oil boom that has brought a flood of development and jobs, one key institution helping the state grow holds a unique distinction. The Bank of North Dakota is the only state-run bank in the country. As VOA’s Kane Farabaugh reports, the bank has experienced record growth and profits at a time when the economic downturn brought down much larger and more prominent banks.


You May Like

Changing Under Pressure, IS ‘Potent’ as Ever

US intel officials describe Ramadi's fall as concerning, but say it isn't emblematic of larger effort to degrade IS capabilities More

Nigeria Fuel Shortage Shows Fragility of Africa’s Oil Giant

Although it is the largest oil producer in Africa, country has nearly ran out of fuel it needs to power its generators, cars and airplanes over the past week More

Arrested Football Officials Come Mainly From the Americas

US Justice Department alleges defendants participated in 24-year scheme to enrich themselves through corruption of international soccer More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one