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

Multimedia Obama, Modi Announce Breakthrough on Nuclear Deal

Deal resolves differences over liability of suppliers to India in event of a nuclear accident, U.S. demands on tracking whereabouts of material supplied to country More

WHO's Late Efforts in Tackling Ebola Highlight Need for Reform

Health experts debate measures to reform agency’s response to global public health emergencies in special one-day session on deadly outbreak More

One Tumultuous Year in Power for CAR's President

As sectarian violence raged across Central African Republic, interim President Catherine Samba-Panza has Herculean task: to end civil war and put country back on right track More

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