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YOU FIRST
BANK OF KHARTOUM
ANNUAL REPORT 2017
Mr. Mohamed Saeed AlsharifCHAIRMAN-AE
Mr. Mohamed ElmurtadaBOARD MEMBER-SD
Mr. Mohamed Ali AlshaikhBOARD MEMBER-SD
Mr. Jihad AlhusseinBOARD MEMBER-SD
Mr. Mohamed ElnahdiBOARD MEMBER-AE
Mr. Fadi AlfaqihGENERAL MANAGER-JO
Board of Directors
Mr. Fadul Mohamed KhairDEPUTY CHAIRMAN-SD
Mr. Muhammed MaqboolBOARD MEMBER-BK
Mr.Obaid ElshamsiBOARD MEMBER-AE
Mr. Salaheldin Abu ElnajaBOARD MEMBER-SD
Dr. Awadalkarim MustafaBOARD MEMBER-SD
1
1
Faisal AbbasDEPUTY CEO
Kashif NaeemEVP, GROUP HEAD RETAIL,
SME & MICROFINANCE
Odai Hindawi EVP, CHIEF FINANCE OFFICER
Faisal AbdullateifEVP, HEAD INTERNAL AUDIT
Nadia YouhannaVP, HEAD HUMAN RESOURCES
Mr. Fadi AlfaqihCHIEF EXECUTIVE OFFICER
Executive Management
Khaled ZadaEVP, GROUP HEAD TREASURY &
INVESTMENT BANKING
Yacoub ZaferEVP, GROUP HEAD
CORPORATE BANKING
Ammar OsmanVP, HEAD OF LEGALAND COMPLIANCE
Fuad BahouEVP, CHIEF OPERATIONS OFFICER
Mohamed Al AminAVP, CHIEF RISK OFFICER
BO
AR
D O
F DIR
ECTO
RS
EXEC
UTIV
E MA
NA
GEM
ENT
Jabal Al Barkal - Northern State
Consolidated Financial StatementsFOR THE YEAR ENDED 31 DECEMBER 2017
Independent Auditor's Report
Consolidated Statement of Financial Position
Consolidated Statement of Income
Consolidated Cash Flow Statement
Consolidated Changes In Equity
Consolidated Statement of Changes In Restricted Investments
Notes to the Accounts
I
1
2
3
4-5
6
7-35
Contents
Consolidated FinancialStatementsINDEPENDENT AUDITOR'S REPORT
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
Old Dongola Mosque - Northern State
CO
NSO
LIDATED
FINA
NC
IAL STATEM
ENTS
Financial Highlights
3.1%
Return on Assetscompared to 3.14 % in 2016.
Return On Equity
31%
Return on equity growth comparedto %26 of 2016 ratio.
AA-
Rating
20.02%
Capital AdequacyCapital Adequacy remains aboveMinimum Requirement (%12).
FINA
NC
IAL H
IGH
LIGH
TS
28
10 12
18
35.7
20152014 2016 2017
10
20
30
40
50
(Bill
ion
SDG
)
2.161
1.195
837630
20152014 2016 2017
3
1.2
2.1
(Mill
ions
SD
G)
7.79.6
14.4
29.3
020152014 2016 2017
10
20
30
(Bill
ion
SDG
)
4.96
9.9
15.3
020152014 2016 2017
10
20
30
(Bill
ion
SDG
)
81%2014-2017
Equity Growth 96%2014-2017
Increase in Total Assets
104%2014-2017
Total Deposits Growth 54% Net Financing Growth
2015
2014
2016
2017
366
238
475
837
100 200 300 400 500 600 700 800 900
2014-2017
Book Value Per Share (SDG)76%2014-2017
Income Statement
41%2017
Growth In Earning Per Share55%2014-2017
Equity Growth
20152014 2016 2017
0.6
1.2
1.8
2.4
3
3.6
1.5 1.7
2.1
3.3
(Bill
ion
SDG
)
3.4 3.54.5
5.5
20152014 2016 2017
2
4
6
8
SDG
0.6
0.91
1.4
20152014 2016 2017
0.4
0.8
1.2
1.61.8
0.2
0.6
1.0
1.4SD
G
FINA
NC
IAL H
IGH
LIGH
TS
30
76%Net Income Growthafter TAX and ZAKAT
107%Gross Income Growthbefore TAX and ZAKAT
81%Gross IncomeGrowth
Income Statement
Market share of the Bank
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%
31/12/2015 31/03/2016 30/06/2016 30/09/2016 31/12/2016 31/03/2017 30/06/2017 30/09/2017 31/12/2017
12.4
2% 13.8
7% 15.0
0%
12.6
7% 14.2
4%
15.4
1%
13.0
3%
14.8
9% 16.10
%
14.8
7%
17.3
3%
17.2
1%
13.5
5%
16.2
1%
16.3
5%
16%
18%
18%
17.10
%
19.2
0%
20.9
0%
18.% 19
%
21.0
0%
18.4
0% 19.9
0%
21.0
7%
10.21%
11.27% 11.10% 10.95% 10.84%12% 11.90% 12%
12.7%
Deposits
Assets
Finance
Property Rights
FINA
NC
IAL H
IGH
LIGH
TS
32
18,733,350
2012
52Branche
2013
57Branche
2014
74Branche
2015
79Branche
2016
85Branche
2011
47Branche
2017
99Branche
2013
138Machine
2016
230Machine
2012
129Machine
2014
168Machine
2015
205Machine
2011
89Machine
2017
276Machine
276 ATMs
Total number of ATM
99 Branches
Total number of branches
• Total number of agents banking: 4,188.
• Launch Western Union service in 24 branches in Khartoum
and region
• Construct the first drive through Teller concept on Banking
on Sudan.
• 1,000,000 Mobile Money Subscribers in less than 1 Year
• 200,000 Mobile Banking Subscribers
• First Bank to cross 250 ATMs
• BOK Own POS Switch
• Call Center Upgrade – Capacity & Services
• Launched Kid’s Account “Dokhry” in all BOK States
branches.
Achievements
Total retail deposits71Total numberof ATMs/CDMs
115Total numberof POS
Products and Services
24Launch WesternUnion service in
branches in Khartoumand region
4,881 Total number ofagents banking
1,4 Mobile BankingSubscribers
RETA
ILPR
OD
UC
TS AN
D SERV
ICES
34
1
2
3
4
5
6
7
8
9
10To
tal L
iabi
litie
s(B
illio
n SD
G)
Total Amount in 2016
Total Amount in 2017
10
20
30
40
50
60
70
80
90
SDG USD AEDEUD SAR
Liab
ilitie
s in
Oth
er C
urre
ncie
s(M
illio
ns)
Total Amount in 2016
Total Amount in 2017
1
2
3
4
5
6
7
8
9
10
478,
868,
779
1,0
52,9
68,11
523
4,85
6,87
3
4,6
6,9
Total Amount in 2016
Total Amount in 2017
(Bill
ion
SDG
)
0
2016 2017
10
20
30
10,8
81,5
96
1,22
0,83
2
2,2
96,6
16
12,10
2,42
8 19,11
1,255
16,8
14,6
39
(Bill
ion
SDG
)
Unfunded
Funded
Total
Projects AchievementsLiabilities
Liabilities in Other Currencies Corporate Investment Portfolio
86
32
39
20 40 60 80 100
Cash Pick-up
Sub branches
ATMs
02016
10
20
6,21
6,72
2
49,3
79
2,51
2,26
8
304,
714
825,
332
234,
309
447,
944
58 150,
797
140,
073
15,0
36
1,151
,155
54,6
41
8,22
7,40
9
71,2
29
7,48
9,41
4
377
,707
64,0
26
300
,772
82,
975
201,1
07
38,
850
2,18
5,50
5
72,
261
2017
(Bill
ion
SDG
)
MURABAHA LCYMURABAHA FCY
Mogawala (Istesna'a ) LCYMogawala (Istesna'a ) FCY
DEFFERED SALES LCYMUSHARAKA LCY
MUSHARAKA FCYMUDARABA LCY
L/Gs FCYL/CsL/Gs LCY
IJARASALAM
Products and Services
Cash Pick up : in 2017 a total amount of 4,5 SDG was collected
from 86 customer sites compared to 3,6 SDG collected from 70
customer.
Sub branches : a total of 32 Sub-branches of 2017.
ATMs : a total of 39 corporate ATM.
Collection Products
CO
RPO
RATE SEC
TOR
36
100
200
300
400
500
600
700
800
900
1,000
1,100
2015 2016 2017
Tota
l Am
ount
s Pr
oces
sed
Onl
ine
(Bill
ion
SDG
)
2
4
6
8
10
12
14
16
18
20
22
2015 2016 2017
Tota
l Num
ber
of T
rans
actio
ns(B
illio
n SD
G)
Corporate Internet Banking/Cash Management SystemMore than 200+ Customers subscribed.
2017 Q3
2016
15%
2017
24%
23%
38%
20172016
2017 Q3
11%
17%55%
63%
2017
2016
2016
2017
Treasury and Investment
Sudan Bank OF Khartoum
BOK's Share in Export Proceeds
BOK's Share in Sudan importsand 2017 Q3 2016
BOK's Market Share in ExportProceeds excluding Gold(Gold exports are exclusivelyauthorized for CBOS)
BOK's Share in TotalSudan's Inward Transfers
CO
RPO
RATE SEC
TOR
ATR
EASU
RY, INV
ESTMEN
T, & EX
TERN
AL R
ELATION
S
38
456
937
487
624
469
957
808
710
448
206
100
200
300
400
500
600
700
800
900
1,000
1,100
1,200
(Mill
ions
USD
)B
OK
For
eign
Bus
ines
s
DocumentryCollection
DocumentryCredit
ExportProceeds
InwardTransfers
OutwardTransfers
Correspondent Banks Network
20172016
- Total Credit Lines USD 263 Millions.- No. of Correspondent 33 Banks.- No. Of RMA 211
- Total Credit Lines Of USD 352.5 Millions.- No. Of Correspondents 40 Banks.- No Of RMA 237- New Limits USD 79 Millions.
TREA
SURY, IN
VESTM
ENT, &
EXTER
NA
L RELATIO
NS
40
Number of Employees
1297 868
2165
1976Activities in Cooperation with the Union
- Students’ Summer Camp- Ramadan Donations 2017- Hajj - 2017- Training
Financial Support for Employees
Treatment of Life-threatening DiseasesSocial Solidarity (Weddings, Funerals, etc)
Number of Trainees atBOK as part of CSR
Human Resources
0
4
8
12
16
20
24
28
32
36
40
14
5
13
6
26
17
11
1
28
2
13
8 7
14 3
1110
5
0
24
5
1 2
15
6
Dec 16 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Training Cost Analysis
Turnover Analysis
60%
11%
13%13%3%
0%
CEO
Retail Banking
Deputy CEO
Corporate Banking Group
Retail Branches
COO
Termination
Resignations
Termination = 61
Total :
Resignations = 158
HU
MA
N R
ESOU
RC
ES
42
Bank of Khartoum Group ambitious regional expansion strategy continues with the establishment of BOK International in the
United Arab Emirates in May 2017. While being the only foreign bank to be granted a full service commercial bank license by the
CBUAE in the past decade, at the initial stages, BOK Int'l will focus on providing wholesale banking services primarily including
correspondent banking, trade finance, corporate banking under the principle of Shariah. In parallel, the bank will gear efforts with
the aim to take a leading role as a financial intermediary in facilitating trade from the UAE and wider GCC into Sudan.
In less than one year, BOK International has already positioned itself solidly in the UAE market being a full member in Central Bank
of UAE AED payment and cheque clearance systems, gaining membership in UAE's Union Banking Federation, and establishing
banking correspondence with international banks.
BOK InternationalUnited Arab Emirates
BOK InternationalBahrainLicensed by the Central Bank of Bahrain on 9 November 2015, BANK OF KHARTOUM International is an Islamic wholesale bank
incorporated in the Kingdom of Bahrain where it offers Sharia’s compliant products and services covering trade finance, deposits,
syndicated loans, treasury and correspondent banking services.
With BANK OF KHARTOUM International, Bank of Khartoum marks the presence of its first overseas branch in Bahrain. Bank of
Khartoum is Sudan's oldest and largest Islamic financial institution, with over 1600 employees, 89 branches and 200 ATMs and
Cash Dispensing Machines. Bank of Khartoum is also the first bank in Sudan to be rated by the Islamic International Rating Agency
(IIRA), with ‘AA-’ (long-term) and ‘A-1’ (short-term) ratings and a ‘Stable’ outlook. It is also the only financial institution in Sudan
that is not on the sanctions list of the U.S. Office of Foreign Assets Control (OFAC), making it the most preferred bank of choice with
United Nations, non-governmental organizations (NGOs), embassies, consulates, corporates and the private sector.
INTER
NATIO
NA
L BR
AN
CH
ES
44
Company Name
Canar Telecommunications Co.
IRADA Microfinance Co.
Sanābil Stock Brokerage Co.
National Trading & Services Co.
Al-Fahad Valuable Assets In Transit Co. Ltd.
SudaCash for Exchange & Money Transfer
Waha Khartoum Urban Development Co.
A to Z Installments Co.
Assets 31/12/2017
1,663,638
1,073,326
237,551
259,509
16,272
15,641
702,702
3,120
%
97.6%
80%
100%
100%
50%
100%
60%
100%
Net Income 31/12/2016
83,022
2,029
23,502
13,525
1,334
2,873
138
-
Net Income 31/12/2017
120,830
297
17,939
27,508
9,482
(307)
3,037
-
Assets 31/12/2016
1,253,677
357,065
112,416
143,022
5,698
16,289
696,484
3,102
Comparative Growth of Subsidiaries
I s l a m i c M i c ro f i n a n c e
Bahrain Branch
START 1992
1993
19942011
2008
2012
2015
2016Canar
TelecommunicationsUAE Branch
SudaCash forExchange &Money Transfer
Sanabil StockBrokerage
Waha KhartoumUrbanDevelopment Co.
National Trading& Services Co.
A to ZInstallmentsCo.
Expansion & SubsidiaryActivities
SUB
SIDIA
RIES
46
The Bank AwardsAwards Offered to BOK in the First Quarter of 2017Technology and Innovation in Islamic Banking
BOK nicknamed “the Most Innovative Islamic Bank”during the events of the 5th Global Islamic FinanceAwards (GIFA)The Bank of Khartoum won the award of “the Most Innovative Islamic Bank” during the events of the 5th Global Islamic Finance Awards (GIFA) of 2017 which took place in Astana, Kazakhstan. The events were attended by high profile figures like the Kazakhstani President/Nursultan Nazarbayev and the Djibouti President/ Ismail Omer Gaily, beside other political and financial dignitaries. The events were organized by Astana International Finance Centre (AIFC) on September 6th 2017.
The Bank Rating- The best bank in Sudan 2017- The CEO was among the most important 500 financial figures. - 12th bank among East Africa banks and 75th among the banks of Africa (cf., 94, 89 and 81 in the last three years). - BOK won the award of “the Most Innovative Islamic Bank” during the events of the 5th Global Islamic Finance Awards (GIFA) in Astana, Kazakhstan. - BOK’s subsidiary Sanabel Stock Co. won the best Exchange Company Award of 2017.
THE BA
NK
AW
AR
DS
48
Khazan Arbat Lake - Red Sea State
Media Highlights
The 99th Branch OpeningAlmazad Branch
MED
IA H
IGH
LIGH
TS
52
Out of its high concern for preserving the environment, BOK launched the "Million Seedlings" project in cooperation with the "Consumer Protection Bureau". The project aimed to distribute and sow seedlings in different states of Sudan. Also, within the same framework of preserving the environment, BOK inaugurated a project for disseminating mosquito nets in order to fight mosquitoes and the diseases transmitted by them, in all states of Sudan. This project used to be launched annually through past years, but in 2017 its scope was considerably expanded due to the urgent need of citizens in many regions which were affected by floods, and, hence, an increase in the reproduction of mosquitoes and flies. Within the framework of funding health programs,
Bank of Khartoum Panorama 2017Corporate Social Responsibility
Serving the community is a priority
The year 2017 was full of achievements and positive development in all aspects targeted by the Bank of Khartoum (BOK). A number of reports dealing with the performance of economic and financial institutions in Sudan highlighted the advances made by BOK in terms of technology, banking services, and increasing the number of branches in all states of Sudan. In addition, BOK launched several projects which have contributed to social stability and peace within the framework of its corporate social responsibility which has become an important component of the Bank's list of priorities. In the following space, we will review some of the corporate social responsibility projects launched by BOK during the last few months.
Health Education Campaign
Within the framework of BOK's concern with the health of its employees, the senior management, in coordination with "Samā Sudan Institution for Development and Healthcare" launched a campaign for health education and vaccination against hepatitis. The campaign included educational lectures, and all employees were vaccinated against hepatitis, as a first phase - the second phase will be vaccination of all of the employees' families. In doing so, BOK attempts to provide a healthy work environment. The campaign continued for about three months, and employees and their families expressed their appreciation for the campaign and the achievement of its objectives aiming to raise health awareness. The initiative reflects BOK's senior management's concern for its employees both at the professional and health levels.
Water Stations… Peace and Stability
It could be justly said that the year 2017 was the year for reinforcing the concepts of peace and development for BOK. This was evident in offering many services which had a positive impact on contributing to the stability of many citizens in their respective areas, in terms of social and humanitarian dimensions. BOK funded the drilling of many water wells and installing water tanks and their necessary facilities in a number of localities in Northern Darfur State. The areas provided with these vital projects included Zamzam refugee camp, Guzu village and Al-Kouma village in Al-Fāshir Locality. The water projects were a blessing for the citizens who had been suffering for so
BOK undertook a number of initiatives, including the implementation of a prior commitment to the Children's Heart Hospital of funding 11 cardiac surgeries in cooperation with Friendships Charity Society and Stollery Children's Hospital, Edmonton, Canada. BOK also funded the purchase of a blood test apparatus for the laboratory of Dongola Maternal Hospital in the Northern State, and funded equipment for Kidney Hospital at Kosti, White Nile State. Furthermore, BOK funded the establishment of Al-Sudayrah Health Canter in Gezira State. In its endeavors to provide the community with projects which has a direct positive impact on people's lives, BOK funded, in coordination with the authorities of Omdurman Locality, the purchase and installation of 4 AC units for Abdul-Mun'im Muhammad Health Centre in Hijrah neighborhood. The Centre's administration, in return, appreciated BOK's efforts in reacting with the society's needs and issues.
Preservation of the Environment and Health
long because of the scarcity of water, as they had to bring it from distant areas – a chore which required a lot time and effort, hampering work for the elders and study for the youngsters. It is a known fact that these areas frequently witness unstable conditions due to disputes on water between farmers and shepherds. The water projects were executed in coordination with the International Charity Organization for Water (ICOW). The installed groundwater stations offered high productivity in order to cater for the densely populated areas, and the desperate need of the citizens for water for drinking and grazing. A consequence of this was that aspirations of the local citizens increased and they requested founding micro-finance projects to increase their income; BOK responded by offering micro-finance loans as a new phase in social development dictated by the Bank's social responsibility. These projects augmented BOK's image in the minds of the citizens of Northern Darfur State in the dominant economic sectors: agriculture, grazing and trade.
It could be justly said that the year 2017 was the year for reinforcing the concepts of peace and development for BOK. This was evident in offering many services which had a positive impact on contributing to the stability of many citizens in their respective areas, in terms of social and humanitarian dimensions. BOK funded the drilling of many water wells and installing water tanks and their necessary facilities in a number of localities in Northern Darfur State. The areas provided with these vital projects included Zamzam refugee camp, Guzu village and Al-Kouma village in Al-Fāshir Locality. The water projects were a blessing for the citizens who had been suffering for so
long because of the scarcity of water, as they had to bring it from distant areas – a chore which required a lot time and effort, hampering work for the elders and study for the youngsters. It is a known fact that these areas frequently witness unstable conditions due to disputes on water between farmers and shepherds. The water projects were executed in coordination with the International Charity Organization for Water (ICOW). The installed groundwater stations offered high productivity in order to cater for the densely populated areas, and the desperate need of the citizens for water for drinking and grazing. A consequence of this was that aspirations of the local citizens increased and they requested founding micro-finance projects to increase their income; BOK responded by offering micro-finance loans as a new phase in social development dictated by the Bank's social responsibility. These projects augmented BOK's image in the minds of the citizens of Northern Darfur State in the dominant economic sectors: agriculture, grazing and trade.
Culture and Education
In order to offer a convenient educational environment BOK funded "Suqya Projects" by installing drinking water coolers in several schools in Khartoum State and some other states. As part of its social responsibility projects, BOK also inaugurated
the "Bank of Khartoum Auditorium" in the Faculty of Laboratory Science of Gezira University. Furthermore, BOK participated in the "Teacher's Week" celebrations in Northern Kurdufan State, and in doing so the Bank emphasizes the role of the teacher in the society. BOK also funded the maintenance and rehabilitation of schools and classrooms in Khartoum State and some other states. These schools included: Ubayyid Secondary School for Boys and Berber Model Secondary School. The Bank also funded audiovisuals and presentation devices to be used for teaching purposes at the Department of Internal Medicine – Faculty of Medicine of the University of Khartoum. Regarding training, the number of trainees from students and graduates who were offered training opportunities at the different branches of BOK amounted to 1182 trainees in the year 2017, as part of the Bank's corporate social responsibility. In the cultural domain, BOK sponsored many cultural events, including: launching books, organizing and/or participating in festivals, and honoring public figures. For instance, the Bank funded and organized the launching of the works of the journalist writer Al-Fātih Mīka, which was attended by the Minister of Culture and several media and journalist figures such as Professor Ali Shummo. BOK also funded and organized the launching of the book Asrar Sawākin "The Secrets of Sawākin" by Dr. 'Abdur-Rahīm Sālim Mahmūd, followed by a cultural symposium chaired by Samaw'al Khalaf Allāh attended by a large number of writers, men of letters and
Honoring Al-Sirr Doulaib
In a public festivity, BOK closed its season of supporting cultural programs in 2017 with the sponsoring of a cultural night organized for honoring the great Sudanese lyric poet Al-Sirr Doulaib, which was attended by the Assistant of the President Abdur-Rahman Al-Mahdi, the Minister of Culture, a number of executive officials and a large crowd.
Within the framework of social responsibility programs, and in cooperation with Shabāb Al-Najdah (Youths for Rescue) Charity Organization, the Bank sponsored a charity marathon under the slogan "Let's Run against Diabetes" on the occasion of the World Diabetes Day. The goal of the marathon was to draw attention to, and raise awareness of the disease: its risks, prevention and treatment. The accompanying events included presentations, a speech by the Minister of Youths and Sports, and cultural activities. Under the same slogan "Let's Run..", BOK, in
enlightened people. That festival was organized as part of the BOK's plan to support the cultural movement in the country and to strengthen its relationship with the masses through opening new windows that make it a partner in such public events. Thus, BOK continued its intensive and extensive support of these cultural activities, like funding the printing and publication of several books and novels by renowned writers and poets such as Al-Sirr Doulaib and 'Atif Alhaj. at the professional and health levels.
partnership with UNICEF, sponsored another marathon for raising awareness of washing hands with soap and promoting hygiene, which was attended by a large crowd from different sectors of the society. The Bank gave financial support to some individuals and funded treatment costs of ex-employees and paid tuition fees for students and honored some public figures in the society.
BAN
K O
F KH
ARTO
UM
PAN
OR
AM
A 2017
54
In a public festivity, BOK closed its season of supporting cultural programs in 2017 with the sponsoring of a cultural night organized for honoring the great Sudanese lyric poet Al-Sirr Doulaib, which was attended by the Assistant of the President Abdur-Rahman Al-Mahdi, the Minister of Culture, a number of executive officials and a large crowd.
Within the framework of social responsibility programs, and in cooperation with Shabāb Al-Najdah (Youths for Rescue) Charity Organization, the Bank sponsored a charity marathon under the slogan "Let's Run against Diabetes" on the occasion of the World Diabetes Day. The goal of the marathon was to draw attention to, and raise awareness of the disease: its risks, prevention and treatment. The accompanying events included presentations, a speech by the Minister of Youths and Sports, and cultural activities. Under the same slogan "Let's Run..", BOK, in
Funding Initiatives and Social Programs
BOK has always been concerned with the initiatives which are directed to offering services to the society, and reflecting noble values. Such initiatives are best manifested during the month of Ramadān, in which the Bank of Khartoum has, for years, been donating "iftār" food for fasting Muslims in students' hostels, hospitals, and some other areas and institutions. Besides, one of the BOK's priorities is offering social services to its former employees.
partnership with UNICEF, sponsored another marathon for raising awareness of washing hands with soap and promoting hygiene, which was attended by a large crowd from different sectors of the society. The Bank gave financial support to some individuals and funded treatment costs of ex-employees and paid tuition fees for students and honored some public figures in the society.
Al-Rashad - South Kordofan State
BAN
K O
F KH
ARTO
UM
PAN
OR
AM
A 2017
Sidi Ehassan Mosque - Kassala State
