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FinancialInstitutions
⚫ WhySudan⚫ SudanSnapshot⚫ SudanGDP⚫ AgricultureSector⚫ AnimalResources⚫ MineralRecourses⚫ OilSector⚫ Electricity⚫ Water,Roads&Bridges⚫ Transportation⚫ Telecommunication⚫ FiscalPolicy&MonetaryPolicy⚫ InflationRates&ForeignExchange⚫ FinancialSector⚫ BankingSector⚫ Opportunities&Threats⚫ U.SSanction⚫ ForeignTrade⚫ EconomicForcast
⚫ 3rdLargestCountryinAfrica,16thintheworld(1,886,086km2)
⚫ ArableLands:60mhectares⚫ Waterways1,723km⚫ 18,630km2irrigatedlands⚫ RichAgriculturalandAnimalResources⚫ RichMineralRecourses⚫ 5seaports(OsmanDigna,NorthPort,
GreenHarbour,SouthPort,Alkhair)Port⚫ LargeLabourforce⚫ Diversewildlife
WHY SUDAN?
2.7%
42.1%
55.2%
0 - 14 years
15 - 64 years
65 years and over
Age Distribution
Cities with Population over
1 Million
20.7Million Men
20.4
41.2Population
Number of Bank Branches for 37
Commercial Bank
623
Major GDP contribution:
Oil & Gas
2.1%Construction
4.8% Mining
2.1%
Million
GDP per capita
$ 2,527
Health careindicators 80
bedfor each100,000
person347Hospitals
Million Women
Agriculture &Animal Recourses
31.4%Transport &
communication
14.5% Finance, Insurance &
Real estates
7.6%Electricity& Water
0.9%
EGYPT
LIBYA
CHAD
SOUTH SUDAN
ETHIOPIA
ERITREA
CENTRALA. REPUBLIC
Red See
Sudan Snapshot
formoreinformationpleasefindbelowlinkhttp://www.irti.org/English/News/Documents/Launch%20of%20the%20Sudan%20Islamic%20Finance%20Country%20Report%202016.pdf
35%
30%
25%
20%
15%
10%
5%
0%
5.2%
1.9%
1.4%
4.4%
2.7%
4.9%
2010 2011 2012 2013 2014 2015
Petroleum
Elictricity and Water
Governmental Services
Finance, Insurance, Real Estate
Transport & Communications
Non-profit Private Households
Mining
Growth Rate
Agriculture & Animal recourses
Agriculture & Animal recourses tripled in five years, GAGR 23%
Petroleum sharp decline resulted from secession of South Sudan, GAGR -24%
Mining increased by 5 times in 5 years,GAGR 71%
GDP
Se
cto
r Co
ntrib
utio
n %
Sudan GDP
Sudan/Gross domestic product - GDP
Benzene
Crude Oil
10.0
8.0
6.0
4.0
2.0
0.02010 2011 2012 2013 2014 2015
USD
Billio
ns
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.02010 2011 2012 2013 2014 2015
Other
Hibiscus Flower
Groundnuts
Sesame
Gum Arabic
cotton
Other Livestock
Camels
Goats
sheep
Meat
Other
Iron & CopperScraps
Gold2.5
2.0
1.5
1.0
0.5
0.02010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015
1.0
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.0
USD
Billio
ns
USD
Billio
ns
USD
Billio
ns
Mining Sector Animal Sector
Oil SectorAgricultural Sector
Sudan GDP
Agricultural Sector
Potentiality & Opportunity:⚫ Arablelands60millionhectares(142millionfeddans),
only20%currentlycultivated
⚫ 50%ofLaborforceworkinagriculture
⚫ Forestscoverabout11.6%ofSudan
⚫ DiverseClimatezones
⚫ IrrigationsourcefromundergroundaquifersinNorthern
State
⚫ Policiespursuedtopromoteagricultureincludezerotax
onallagriculturalprojectsandagriculturalgoods
⚫ WorldFoodConferenceheldinRomein1974,considered
SudanastheWorldFoodBasket,asitcouldbecapableto
feedquarteroftheworldfoodandfivetimespopulation
oftheArabregionifagriculturalpotentialitiesofSudan
hadbeenproperlyutilized
Current Status:The Agricultural & Animal Recourses sector is considered to
be the backbone of industrial development and it continues
to contribute in the growth domestic product (GDP) by 31.4%
Agriculture is by far the most important industry in the
economy, constitutes the vast majority of Sudan’s exports.
Irrigated land is turned over to high-yield crops such as
wheat and, most notably, cotton. Irrigated schemes are
all government-owned, with farmers taking long leases
on large plots from the government. The largest of the
schemes (and one of the largest cotton production areas
in the world) is the Gezira scheme. Some diversification has
been made from cotton to wheat in recent years, to reduce
the countries import dependency. Other crops outside of
intensively farmed agriculture include gum arabic, sesame,
hibiscus, and groundnuts.
ScienceandEducationPublishingCo.LtdReport2015
The SUDANESE ECONOMY EARNED
$ 834MILLIONS FROM AGRICULTURAL
PRODUCTS EXPORTS
IN 2015
Peanuts
Sorghum
Millet
Sesame
Wheat
Cotton
Sun Flower
Gum Arabic
2015 2014
61692249
1871963
1245359
721205
473194
176162
5155
37.8541.83
0 1000 2000 3000 4000 5000 6000 7000
Agricultural ProductionPerMetricTons
Agricultural Products Exports inMillionsUSD
2014
2015
World1stProduceraround80%oftheworldproduction,usedinfood,pharmaceutical,cosmetics,andinkmanufacturers
Gum ArabicWorld4thproducerCounty,distinguishedforitshighqualitycomparedtootherproducingcountries
SesameWorld1stHighQuality,50%ofSudan’stotalhibiscusproductionisexportedmainlytoGermany,GermanherbalteamanufacturersconsiderSudanesehibiscustohavetheperfectcolorblendandtasteforherbalteabases
HibiscusWord4thcountryexportingpeanuts,producingaround14%oftheworldproduction,SudanisthemeasuredasthegreatestproducerofthecropinarabianandAfricanglobe
PeanutsWorld5thsorghumproducercountry,SorghumisthelargestandthemostimportantcropandlivestockfeedinSudan,exportedmainlytotheGulfstates
Sorghum
CBOSAnnualReport2011-2015
Sudan remains one of Africa’s leading country in animal resources production with 105M heads of livestock. The country’s climatic diversity led to diverse animal resources: camels are in the northern belt and cattle in the southern and eastern belts while sheep and goats are bred in all parts of the country.Sudan also possesses huge fishery and poultry wealth.
Sudan animal wealth far exceeds that of Arab countries and is Africa’s second largest.
Animal Resources
7.245
SheepGoats
CattleCamelsOtherLivestocks
30.40913.843
260.009492.794
2015 Livestocks exports in USD Millions
SUDANNOWMagazineDec2015CBOSAnnualReport2011-2015
World7thCattlepopulation
heads30.37M
Cattle World6thGoatpopulation
heads30.22M
GoatWorld5thSheep
population
heads40.21M
SheepWorld2ndcamel
population
heads4.8M
Camel
THEREAREESTIMATED
105 MILLION LIVESTOCKINSUDAN
THESUDANESEECONOMYEARNED
$ 910 MILLION FROMLIVETOCKANDANIMALPRODUCTEXPORTSIN2015
Importersare:Saudi Arabia, United Arab
Emirates, Egypt, Lybia, Qatar and Kuwait
MoreThan
6 MillionLivestockwereexportedin2015
Exports per head20152014201320122011
Sheep
Goats
Camels
Cattle
0 500,000 3,000,000 4,000,000 5,000,000
5,459,2054,539,9553,757,363
3,415,7392,729,134
445,842
318,783197,958162,116162,149
206,008
152,100129,647166,240
151,208
45,82519,460
26,145 11,202
21,056
6,000,000
CBOSAnnualReport2011-2015
Mining
Sudan has a long history and vast heritage of Mining culture which goes back to three thousand years when Nubians extracted gold and precious metals and smelted iron to make water wells. including Gold, Chrome, Manganese, Kaolin, Talc, Gypsum, Salt, Silver, Maecha, Marble, Clinker, Iron, Feldspar, Copper, Quartz and Fluoride .The geology of the Sudan is dominated by the basement complex formations that cover more than 50% of its area.
Potentiality:⚫ Preciousmetals:Au,Ag,Pt.⚫ Tin,tungsten,zirconiumAluminum.⚫ Sedimentary&Igneousironformations.⚫ RareEarthElements.⚫ Radio-Activeelements,blacksands.⚫ Industrialminerals:fluorite,whitesands.Industrialminerals
& rocks include: Pozolana, limestone, marble, gypsum,mica, kaolin, feldspar, kyanite, bauxite, wollastonite,
34
56,823
-
32,696
31,000
14,184
-
17,000
9,237
38
64,128
-
15,096
31,000
10,791
-
24,500
9,519
40
18,300
-
11,579
117,073
26,315
884,570
96,400
26,283
70
30,870
3,250
26,000
132,000
20,800
32,000,000
339,390
31,700
73
58,834
7,000
18,500
150,000
34,000
3,128,934
82,180
50,680
Gold
Chrome
Manganese
kaolin
gypsum
Salt
Clinker
Iron
Feldspar
2010 2011 2012 2013 2014
82
15,143
31,400
14,490
24,136
20,111
281,956
109,000e
28,238
2015Prodcut
Mineral Production in Tons
graphite, potassium salts and barite.⚫ Agro minerals like phosphate, potash, gypsum, zeolite,
vermiculite.⚫ Gemstones.⚫ Buildingmaterials[igneous,metamorphic&sedimentary].⚫ Dimensionstones.⚫ Basalts.
THE SUDANESE ECONOMY EARNED
$753MILLIONSFROM MINERAL PRODUCTS EXPORTS IN 2015
TheNationalBusinessMagazine2015MinistryofMinerals,Sudan
100
90
80
70
60
50
40
30
20
10
0
3438 40.3
7037.4
82.3
2.45
29.65
40.31
23.5930.45
19.83
2010 2011 2012 2013 2014 2015
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Exp
ort
s %
fro
m to
tal p
rod
uctio
n
Tons
Production Exports Exports % from total productionSudan jumps into third rank for gold in Africa in 2015 and predicted to be Africa’s largest gold producer by 2018With the loss of oil revenue, Sudan has prioritized the mining sector as its top foreign exchange earner, with lucrative gold investment and exports now expected to spearhead growth Gold mining is an important part of government efforts to keep the economy afloat after losing three quarters of its oil production the main source of state revenue.Sudan’s gold production expected to reach 100 tons in 2016. The rise in gold production will compensate slightly for the loss in oil revenue.
Gold Production VS. Exports
Gold
MinistryofMinerals,Sudan
Oil Sector
Sudan has lost around three quarters of its oil production in a heavy blow to the economy South Sudan gained independence from Sudan in July 2011. Most of the oil production capacity is now in South Sudan, but South Sudan is landlocked and still remains dependent on Sudan as it must use Sudan’s pipelines to export oil through Bashayer port along the Red Sea, Sudan relies on the fees it charges South Sudan for using its pipelines and facilities to help fill in financing the gap of losing its oil exports revenue . Prior to the split, the unified Sudan was the second-largest oil producer in Africa in 2010, Oil still plays a vital role in the economies of both countries, albeit to lesser extent in Sudan.
Potentially and Opportunity:⚫Sudan is considered one of the top most African
hydrocarbon potential country.⚫Nearlytwentyhydrocarbonbasinsdoexist:
* Late Proterozoic-Paleozoic continental sag basins
(Misaha,Murdi,Wadi Hawarand Salima).* Mesozoic-Cenozoic rift basins (Muglad, Rawat,
Khartoum, Blue Nile and Red Sea)
⚫MostoftheSudanesebasinsarebyfarhighlyunderexplored due to data scarcity and others logisticalconstrains.
⚫Sudanesebasinscouldbeclassifiedinto:Producing(1basin)andUnderexploring(6basins)⚫The country’s speculative oil in place resource is
totaling to 23.6 BSTB⚫The reported Undiscovered Resource figures are
highlyunderestimateddue to the fact thatmostoftheSudanesebasinsarecurrentlynotwellexplored.
⚫Huge HC resources are expected to be uncoveredthrough literal and wise exploration practices withthe advantage of technological advancement.
THE SUDANESE ECONOMY EARNED
$627
MILLIONSFROM OIL EXPORTS
IN 2015
eia-U.SEnergyInformationAdministration–Sep2014/MinistryofOilSudan
Benzene
Crude Oil
10
8
6
4
2
02010 2011 2012 2013 2014 2015
Milli
on
Barr
els
Pe
r A
nnum
2012
50
40
30
20
10
02013 2014 2015
Milli
on
Barr
els
Pe
r Ann
um
Sudan Crude Oil Production
Sudan Oil Reserves
6,50137371
6,575
Muglad
Rawat
Red Sea
Blue Nile
Um Agaga Basin
Khartoum Basin
Mourdi Basin
Total
2,017
525116
2,658
12,4533868,381
5976201,167
23,604
Basin OIIP (MM S TB)
Discovered Resources UndiscoveredResources(SR)
OIIP (MM S TB)GIIP (BSCF)
UT
UT
UT
SOUTH SUDAN
CENTRALAFRICA
CHAD
LIBYA
ETHIOPIA
ERITREA
EGYPT
CNODC/CNPC SUDAPET
SUDAPETEXPRESSMISANA
ANSAN SUDAPET
GNPOC (Blocks 2 & 4)
STAR OIL (Block 17)
GSPOC (Block 12A)
PETRO-ENERGY (Block 6)
R E D S E A
Heglig
19
22
23
21
20
66%34%
95%05%
70%15%15%
24
24
24
2AE
A
ALQAHTANI SUDAPET
80%20%
24
RPOC (Block 25)
CNPCPETRONASONGCSUDAPET
40%30%25%05%
9
18
11
14
10
12A
12B
8
C 4
6
15
13
25
2
16
17
E
2525
Red SeaElshimalia
NorthDarfour
El GadarefWhite
Nile
SouthDarfour Blue
Nile
NorthKordufan
SouthKordufan
EastDarfour
WestDarfour
CenterDarfour
Kassala
Elgazera
Sinnar
Khartoum
RiverNile
WestKordufan
DUNGOLA
ED DAMER
ED DAMAZIN
WADMADANI
GADARIF
El OBEID
KADUGLI
RABAK
PORTSUDAN
El FASHER
KHARTOUM
El GENEINA
NYALA
SINGA
KASSALA
Ed Deain
Zalingei
El Fula
38°0'E
38°0'E
36°0'E
36°0'E
34°0'E
34°0'E
32°0'E
32°0'E
30°0'E
30°0'E
28°0'E
28°0'E
26°0'E
26°0'E
24°0'E
24°0'E
22°0'E
22°0'E
20°0'E
20°0'E
22°0
'N
22°0
'N
20°0
'N
20°0
'N
18°0
'N
18°0
'N
16°0
'N
16°0
'N
14°0
'N
14°0
'N
12°0
'N
12°0
'N
10°0
'N
10°0
'N
MINISTRY OF PETROLEUM & GASSUDANESE PETROLEUM CORPORATION
OIL EXPLORATION AND PRODUCTION GENERAL ADMINISTRATION (OEPA)
SUDAN HYDROCARBON E & P LICENSE BLOCKS
GEODETIC PARAMETERSDATUM WGS-1984ELIPSOID WGS-84PROJECTION GCS
THIS MAP IS FOR THE USE OF THE MINISTRY OF PETROLEUM AND OIL OPERATING COMPANIES ONLY.
OEPA, Director General Approved by:
Exploration ManagerEndorsed by:
GDIS SectionCompiled by:
March, 2016100 0 100 200 30050
Km
1:2,150,000
LEGEND
OPERATING COMPANIES
GNPOC (Blocks 2 & 4)
NOT AVAILABLE
RELINQUISHED AREA
STAR OIL (Block 17)
GSPOC (Block 12A)
FREE BLOCK
BASEMENT ROCKS
PETRO-ENERGY (Block 6)
INFRASTRUCTURE
PDOC PIPELINE
GNPOC PIPELINEPETROENERGY PIPELINEWNPOC PIPELINE
UT CPFREFINERY
RPOC (Block 25)
OIIP:OilInitiallyinPlaceGIIP:GasInitiallyInPlaceMMSTB:MillionStockTankBarrels
MinistryofOil,Sudan
Sudan Oil Exports
Electricity
⚫ One of the largest hydroelectric power plants in East Africa (1,250 MW Merowe dam project) started operations in 2009. Therefore the generation capacity mix is mostly hydro-based, producing about 64% of the electricity needs, 34% from thermal generation with the remaining 28% coming .01% coming from Ethiopian Transmission
⚫ Renewable energy can play an important role in the sector, particularly wind generation, because Sudan has areas with high wind speeds mainly in the east and centre of the country
⚫There are several wind projects under development(totally about 300MW)aswell as some solargeneration(about 20 MW)
⚫The Ministry of Water and Electricity has reported thataccording to the renewableenergymasterplanby 2031renewable energy will represent about 29% of the totalinstalled capacity
EthiopianTransmission
142.3(GIGAWATThr)
ThermalGeneration
4,636.1(GIGAWATThr)
WaterGeneration
8,367.8(GIGAWATThr)
Resedintial
Agricultural
Industrial GovermrntialStandarized
5,973
650
1,512
1,068
1,378
Consumed Electrical Power distributed by Sectors in 2015 (GIGA WATT / hs)
TOTAL ELECTRICITY
GENERATION WAS
13,146.2 GIGA WATT / HOUR IN 2015
CBOSAnnualreport2011-2015
Water, Roads and Bridges
Sudan is rich in water resources (the Nile and its tributaries and renewable ground water) with total water resources of 30.8 Billion cubic meters Every human being needs water to survive and the bare minimum per person for drinking and sanitation is measured at 20 liters a day., water supply in Sudan per capita / day is 50.1 liters.
Roads and BridgesRoad density in Sudan is among the lowest in Africa and the world. The existing road arteries are centered on Khartoum as the hub. One artery connects Khartoum with the coastal gateway of Port Sudan, a second connects Sudan with Egypt and North Africa, a third connects Khartoum with the Eritrean border, and a fourth leads to Ethiopia. Connections to South Sudan are fragmented; there is little traffic overall. In fact, along most of the networks, except between the Red Sea
andKhartoum,trafficissparseandroadconditionspatchyatbest.Sudan’s road density is exceedingly low and traffic alongmost roads is sparse, poor-quality roads drasticallyundermine the efficiency of transport services. the largevolumes of unpaved roads makes movement impossibleduring the rainy season.Sudan’sinfrastructuredevelopmenthassofarhadanationalfocus,andthereismuchthatremainstobedonetoachievegreater regional integration, while internal road corridorsaredeveloped,connectivitywithneighborsislargelyabsent.SudanhasanaturalgatewaytotheseathroughPortSudanbuttheport’sperformanceisseverelyhinderedbylongdwelltimes,highcosts,andcapacityconstraints,Lookingfurtherahead,Sudanhas thepotential tobeamajorhydropowerexporter if additional capacity could be developed andtransmission links with neighboring Nile Basin countriesstrengthened.
SUDAN WATERPRODUCTION & CONSUMPTION
2015 IN THOUSANDCUBIC METERS PER DAY
WATER PRODUCTION:
4,471WATER CONSUMPTION:
4,023
CBOSAnnualreport2011-2015AfricaInfrastructureCountryDiagnostic-ACID2013
Transportation
38
2,629
323
21
1,102
13
2
-
8,683
47,400
Air Transport
Goods on international and domestic flights (Thousand tones)
Passengers on international and domestic flights (Thousand)
Sudan Shipping Line
Good Carried (Thousand tones)
Passengers (Thousand)
Sudan Railways
Good Carried (Thousand tones)
Passengers (Thousand)
River Transport Cooperation
Good Carried (Thousand tones)
Passengers (Thousand)
Land Transport
Good Carried (Thousand tones)
Passengers (Thousand)
2013
29
2,299
75
67
857
188
14
33
8,783
30,000
2014
32
3,008
100
25
869
193
25
12
18,451
40,515
2015Transported (Goods/Thousand Tones-Passengers /Thousand)
No.ofSeaports
5No.ofDryports
2No.ofAirports
30LenthofPavedroads
135,444 kmRailroadlength
5898km
THE SUDANESE ECONOMY EARNED
SDG 84 BILLIONSFROM TRANSPORTATION
& COMMUNICATION
SERVICES IN 2015
CBOSAnnualreport2011-2015
Telecommunication
Status:⚫Telecommunication Sector was the fastest growing
Economicsectoramongalleconomics sectors in Sudan,totalinvestmentintheSectorisestimatedtobemorethan$5billion,includingtheGoodwilloftheoperatorcompanies,thegrowthinthesectorisreflectedintele-density(No.ofTelecomUsers/100inhabitants):2%in1995tomorethan60%in2015.
⚫MobileSIMcards inusagehavereached28millionbytheendof2015withasteadygrowthduringtheperiod2010-2012,geographicalcoverageof theservices isestimatednot to exceed 44% of the total Land area in Sudan,population coverage has exceeded 80%.
InternetInternetusersareestimatedtobeexceeding11millionusers,however, registered Broadband users are approximatelyonemillion,this isduetotheonlyfixedregistered(wiredor
wireless) broadband customers are counted. customersaccessing through mobile devices and/or using prepaidscheme are not counted.
History of the Development of the Telecom Sector in Sudan:⚫ 1993EstablishmentofSudanTelecomCompany(SUDATEL)⚫ 1996Establishment.ofTelecomCouncilasaRegulatoryAuthority⚫ 1997EstablishmentofFirstMobileOperator-Mobitel-(Zainnow)⚫2001EstablishmentofNIC⚫2001ApprovalofTelecomLawandEst.ofNTCasaCorp.⚫2003IntroductionofaSecondMobileOperator(MTN)⚫2004IntroductionofaSecondFixedOperator(Canar)⚫2005LiberalizationofInt.Gateway.⚫2006LicensingSudatelasaThirdMobileOperator⚫2009PrivatizationandRegulationofPostalServices.⚫2015Firstoperationof4th.GenerationMobileNetwork.
Dr.IzzeldinKamilAmin-AssociateProfessor-UniversityofKhartoum
Fiscal Policy The authorities have endeavored to maintain fiscal restraint while preserving social spending. However, financing needs remain large, in part, due to the significant fall in oil prices and also on account of the considerable revenue gaps created by the secession of South Sudan. Given the limited access to external budgetary and balance of payments support, the authorities will continue to implement fiscal consolidation with the view to reduce the deficit to 0.4 percent by 2019. The consolidation plan will combine expenditure restraint, revenue mobilization and enhanced public finance management. On the revenue side, the authorities have made significant efforts to increase domestic revenues. Since tax revenue performance is still relatively low by comparison, they continue to focus on strengthening revenue mobilization by enforcing compliance, reducing tax exemptions, reviewing the taxation and royalties on extractive industries and, reviewing direct taxes including income and corporate taxes. The program for economic reform also focuses on reviewing and harmonizing the tax codes. On the expenditure front, the authorities will continue to rationalize subsidies and strengthen the social safety net. In this regard, they are implementing gradual liberalization of wheat, hydrocarbons and electricity. The authorities will continue to strengthen public finance management. Benefiting from Fund technical assistance, they have introduced an integrated financial management system and the Treasury Single Account (TSA).
Monetary Policy Theauthoritiesagreeontheneedtoadopttighterfiscalandmonetarypolicytoanchormacroeconomicstabilityandreducefinancinggapsinlightoftheuncertainandshort-termnatureoffinancing.Inthiscontext,monetarypolicywillcontinuetofocusoncontainingreservemoneygrowthandareintheprocessofdevelopinginstrumentsforeffectiveliquiditymanagement.Theauthorities’consolidationeffortswillalsofocusonreducingthegovernmentdeficitandminimizingthecentralbank’squasifiscalactivities.TheyhavealsomadeeffortstostrengthentheAML/CFTframework.SuccessfulimplementationofthekeyrecommendationsoftheMENAFAFTledtoSudan’sremovedfromthe‘graylist’ofcountriesrequiringregularfollow-uptobiennialupdates.
Fiscal Policy & Monetary Policy
IMFStaffreportOct2016
2010 2011 2012 2013 2014 2015 2016 Q2
49%
44%
39%
34%
29%
24%
19%
14%
9%
4%
Infla
tion
Rate
0
20
40
60
80
100
120
140
0
3
6
9
12
15
Jan-11 Oct-11 Jul-12 Apr-13 Jan-14 Oct-14 Jul-15 Apr-16
Parallel exchange rate premium (rhs)
CBOS official rate
Parallel rate
Inflation & Foreign Exchange
AccordingtodatafromtheCentralBankofSudanandthe
NationalBureauofStatistics,theoverallannualinflation
ratestoodat17.6inDecember2015,whiletheinflation
rateforfoodanddrinkswasslightlyhigher,at28.4%.The
authoritiesalsocalculateseparateinflationratesforurban
andruralareas,andtheirdataindicatethatruralinflation
isgenerallyhigherthanurban.
The official exchange rate remained virtually fixed in
2015–2016, the official rate was adjusted by only 2%, while the
parallel market exchange rate depreciated by 36% since
end-2014, As a result, the premium widened to 125 % at end-
June 2016 (from 46% at end-2014).
Based on the official rate, the real effective exchange rate
(REER) appreciated by 17 percent between December 2014
and April 2016. The appreciation of the official REER reflected
Sudan’s high inflation relative to trading partners and the
quasi-fixed official exchange rate in 2015–16. It wiped out the
real depreciation that followed the devaluations in June 2012
and September 2013. On the parallel market, the 18 percent
REER depreciation between December 2014 and April 2016
still resulted in a cumulative appreciation of 15 percent since
end-2012.
Inflation Rates
Exchange Rates(InSDGperUSdollarandpercent)
CentralBankofSudan&NationalBureauofStatistics,ReportQ22016IMFStaffReportNov2016
Financial Sector
Central Bank Of Sudan Law
Banking Regulation Act
Five - year program for economic reform 2015 - 2019
Five - Year CountryStrategy 2012 - 2016
Five - Year CBOS strategy 2012 - 2016
Bank Deposits Security Fund (BDSP) Central Bank Of Sudan (CBOS) Sudan Financial Services Co. Ltd
Regulation references
Banking Industry Regulators
Industry Players
Ministry Of Finance
The Higher SharieaSupervisory Board
Liquidity ManagementFund (LMF)
Credit InformationScoring Agency
Khartoum SecuritiesExchange
Other Regulators
Specialized Banks:Joint: 3
Government: 3
Commercial Banks:Joint: 22
Foreign: 7 Government: 1
Microfinance Institutions
38
Stock BrokerageCompanies
38
Insurance/ ReinsuranceCompanies
16
Key Regulation: Central Bank of Sudan
Maintaining the stability of the exchange rate and efficiency of the banking system, issuing the currency in different denominations and
organizing and monitoring it, formulating and implementing monetary policy, organizing, supervising, and controlling of and working
towards upgrading, developing and enhancing banking business efficiency in a manner that
contributes to the attainment of balanced economic and social development, as well as
acting as the governments bank, and its advisor and agent in the monetary and
financial affairs.
Banking SectorValues in million SDG
Sudanese Banking Sector
Total Money Supply With Population DepositsSemicash
AssetsFinanceDeposits
93,64327,49625,37640,771
108,93753,45763,419
201577,73923,34319,74334,653
92,31744,32153,469
201466,44619,17916,48730,780
77,48037,62244,133
201358,66316,75114,24227,670
67,05030,48339,920
201241,85312,85012,00017,003
46,50422,86727,984
2011
120
100
80
60
40
20
02011 2012 2013 2014 2015
100
90
80
70
60
50
40
30
20
10
0
SDG
Bi
llion
Assets Finance Deposits Money Supply
SDG
Bi
llion
Opportunities ⚫Presenceoflargeunbankedpopulationinthecountry
providesroomforgrowthevenwithtraditionalproductsuite.Moreover,technologicaldevelopmentsprovideopportunitiestoreachpotentialcustomerbasewithouthavingtoincurhugeadministrativecosts
⚫Limitedrangeoffinancialproductsavailableinthemarketprovidesnewavenuesforgrowth
⚫Opportunityforgrowthinmicrofinancesegment
Threats⚫Weakmacroeconomicfundamentalsmayhamper
growthandincrease⚫ContinuingsanctionsonSudanmaythreatenbanking
operations,particularlyrelationswithcorrespondentbanks
⚫Regulatoryconstraintsinlaunchofnewproductsmayhampergrowth
⚫Structuralweaknessesindomesticcapitalmarketmayaffectliquidityposition
⚫Politicaluncertaintiesandregionalsecuritymayalsoposechallengesforthebank
Opportunities & Threats
3 Nov
1997
Obama Admin. LiftsSudan Sanctions
OFAC issued: 2 General Licenses
Fact Sheet
E.O. 13400Darfur Sanctions
E.O. 13412Exempted Specified Areas
Petrochemical Sanction
E.O. 13400Trade Finance
Embargo
E.O. 13067Trade Finance
Embargo26 Apr
200613 Oct
2006 28 May
20098 Dec
2011
U.S Sanctions
OFAC amended the Sudanese Sanctions Regulations, 31 C.F.R. part 538 (SSR), by issuing a general license authorizing all transactions prohibited
by the SSR, including transactions involving property in which the Government of Sudan has an interest. The general license only authorizes
transactions that are prohibited under the SSR and does not affect other OFAC sanctions programs, including those related to Darfur or South
Sudan. However, there are only eight SDNS designated under the Darfur program (seven individuals and one entity), and only six SDNs designated
under the South Sudan program (all individuals). So the practical impact of US sanctions under these two programs is quite limited.
During the next 6 months US persons will be authorized by OFAC to engage in
transactions involving persons in Sudan. If on the 12th of Jul 2017 the conditions
set in the executive order are met the sanctions will be permanently revoked
without any need for OFAC authorizations.
Effectively this means that Sudan can engage with its US & other counterparts in:⚫ Exports/Importofproducts&servicesto/fromUScompanies,⚫ InvestmentfromUScompaniesareallowed,⚫ BlockedAssets/Bankingarenowunblocked,⚫ Transfersto/fromUSpersonsisauthorizedtoprocesslegitimatetransactions,⚫ FacilitationoftransactionsbetweenSudan&ThirdcountriesbyUSperson.
https://www.federalregister.gov/documents/201700836-2017/17/01//revisions-to-sudan-licensing-policy
https://www.federalregister.gov/documents/201700844-2017/17/01//sudanese-sanctions-regulations
https://www.treasury.gov/resource-center/sanctions/Programs/pages/sudan.aspx
China7401,314
20152014
20152014
20152014
20152014
20152014
20152014
UK
711
Singapore
12
Malaysia
00
USA
311
Korea 14
Ethiopia87115
Canada
137274
Mexico
2863
4951,431
Europeanunion
918
Othercountries
TOTAL
3,1694,350
India3744
KSA658635
UAE7401312
Indonesia
5438
Japan24
Germany
1113
Turkey3521
Bangladesh
01
Egypt304212
Foreign Trade
2015 2014
10,000
1,000
100
10
1
Crude O
il
Petroleum
Prod.
Gold
Cotton
Gum Ara
bic
Sesame
Ground N
ut
USD
Milli
ons
Dura
Ethanols
Cake & M
eal
Livesto
ck
Meat
Hides & Skins
Other
Major Exports Products
Major Exports CountriesUSDmillion
Foreign Trade
2,500
2,000
1,500
1,000
500
0
Wheat &
Flour
Sugar
Petroleum
& petro
lum
products O
il
Animal &
Veget.
Oils
Dairy pro
ducts
Vegetables
& products
USD
Milli
ons
Other F
ood stuff
Beverages
& Tobacc
Other R
aw
Materia
ls
Medicines
Other C
hemical
Products
Manufactu
red
Goods
Machinery &
Equipments
Transport
Equipments
Textiles
others
2015 2014
China2,1591,314
20152014
20152014
20152014
UK
107135
Ukraine
198197
Malaysia
317684
Brazil
2593
S.Korea
176119
Ethiopia
4331
Canada
137274
Thailand
353247
Italy
159146
Europeanunion
14343
20152014
20152014
20152014
Othercountries
1,9825,956
TOTAL
9,5089,211
India7941,847
KSA436415
UAE
835941
Australia
88300
Japan
301212
Germany
208249
Turkey
410283
Bangladesh
5739
Egypt569491
Major Importing CountriesUSDmillion
Major Importing Products
Economic Forecasts 2016 - 2025 Outlook
2015e82.374.8
2,0781,889
3.787.13.63.1
3.016.13.0
40.219.1
5.976.57-4.4
2016f86.380.7
2,1291,990
3.987.5
3.63.1
3.015.53.5
41.212.3
6.607.06-4.5
2017f95.787.0
2,3072,097
3.887.8
3.53.1
3.015.03.5
42.212.06.887.56-4.4
2018f108.694.4
2,5572,223
3.888.0
3.53.1
3.514.53.5
43.212.07.008.05-4.4
2019f124.5103.82,8632,386
3.788.2
3.53.1
3.514.23.5
44.211.0
7.008.40-4.6
2020f142.2118.5
3,1942,662
4.288.4
4.03.1
4.013.93.5
45.310.07.008.40-4.7
2021f162.4135.3
3,5662,972
4.288.54.03.24.0
13.63.5
46.410.07.008.40-4.9
2022f185.4154.53,9833,319
4.288.74.03.24.013.33.5
47.510.07.008.40-5.0
2023f211.9176.6
4,4533,711
4.388.84.03.24.013.14.0
48.510.07.008.40-4.7
2024f242.1201.8
4,9804,150
4.388.94.03.24.012.84.0
49.610.07.008.40-5.2
2025f253.8205.35,1084,133
4.388.3
4.13.24.413.84.0
50.70.0
7.008.65
0.0
Nominal GDP, USDbn
Nominal GDP, USRbn
CDP per capita, USD
CDP per capita, EUR
Real GDP growth, % y-o-y
Private final consumption, % of GDP
Private final consumption, real growth % y-o-y
Government Final consumption, % of GDP
Government Final consumption, real growth % y-o-y
Fixed capital formation, % of GDP
Fixed capital formation, real growth % y-o-y
Population, mn
Consumer price inflation, % y-o-y, ave
Exchange rate SDG/USD, ave
Exchange rate SDG/EUR, ave
Budget balance, % of GDP
TABLE: SUDAN - MACROECONOMIC DATA & FORECASTS
e/f = BMI estimate/forecast. Source: National sourcas, BMI
2014402.7
3.010,388
2015e491.4
3.712,406
2016f569.4
3.914,052
2017f657.9
3.815,862
2018f760.3
3.817,902
2019f871.5
3.720,043
Nominal GDP, SDGbn
Real GDP growth % y-o-y
CDP per capita, SDG
TABLE: SUDAN - GDP GROWTH FORECASTS
e/f = BMI estimate/forecast. Source: BMI, UN
2020f995.2
4.222,364
2021f1,136.5
4.224,967
2022f1,297.9
4.227,884
2023f1,483.2
4.331,173
2024f1,695.0
4.334,860
2025f1,776.3
4.335,757
BusinessMonitorInternationalQ22016
⚫ HistoricalBrief⚫ PerformanceRatios&FinancialHighlights⚫ Stakeholders-BoardofDirectors⚫ Awards&Milestones⚫ ExecutiveManagement⚫ CreditRating⚫ OFAC&FATCA⚫ NPL’s⚫ MarketShare⚫ Treasury&InvestmentBanking⚫ CorrespondentBanking⚫ CorporateBanking⚫ RetailBanking⚫ InternationalBranches⚫ Subsidiaries⚫ Strategy⚫ Contacts
Bank of KhartoumOverview
Historical Brief
1913
1925
1954
1970
1975
1983
1993
2002
2005
2008
EstablishedastheAnglo-EgyptianBankduringtheAnglo-Britishrule
RenamedasBarclaysBankforOverseasPropertiesandTerritories
RenamedasStateBankforForeignTradeafteracquisitionbytheGovernmentofSudan
Renamed as Bank of Khartoum through a Presidential Decree
MergedwithPeople›sCooperativeBank(BankMisr)throughaPresidentialDecree
MergedwithUnityBank(OthmanBank)andNationalExport&ImportBank
ConvertedtoaPublicLimitedCompanyundertheCompanies’Actof1925
GovernmentofSudansoldits60%stakeinthebanktoDubaiIslamicBankP.J.S.C.(DIB)
MergedwithEmiratesandSudanBank
RenamedasBarclaysBank
Performance Ratios
ReturnonaverageAssetandReturnonaverageEquityhavemarkedasignificantincreaseovertimeto3.31%and24.15%respectively,giventhatthebankexperiencedsharpbusinessgrowthin2015,amoremeaningfulimprovementmaybecomeapparentonnextyears,potentiallyrehabilitatingreturnindicators.Innominalterms,BOKexpectedreturnindicatorstoremainstrongin2016
2012
44.96%
21.73%
3.19%
52.37%
65.50%
26.29%
35.17%
19.00%
2014
56.77%
19.29%
2.62%
48.89%
60.96%
33.35%
43.69%
15.75%
Performance Indicators 2013
Return on Share
Return on Equity
Return on Assets
Gross Finance / Total Assets
Gross Finance / Total Deposits and Cash margin
Liquid Assets / Total Assets
Liquid Assets / Customer Deposits
Capital Adequacy Ratio
2015
69.68%
24.15%
3.31%
49.77%
61.07%
33.22%
41.77%
19.05%
36.81%
14.47%
2.07%
50.47%
61.55%
29.61%
38.55%
14.00%
2011
16.53%
9.65%
1.39%
52.40%
63.99%
25.94%
32.55%
18.00%
2015201420132012
Return on EquityReturn on Asset
2011
30%
25%
20%
25%
10%
5%
0%
Performance Ratios
Financial Highlights
Income from deferred Sales
Income from Investments
Gross Income
Financing and Investing risk provision
Return on unrestricted Investment Accounts
Bank's Share in income from investments
Income from banking services
Foreign Currency Income
Other Income
Total Income
Staff expenses
General and administration expenses
Depreciation and Amortization
Total Expenses
Profit before Zakah and Tax
Zakah
Income Tax expense
Values SDG "000"
Net profit for the year
666,987
347,983
1,014,970
(45,000)
(318,985)
650,985
137,226
12,139
37,008
837,358
175,602
209,922
45,600
431,124
406,234
(14,738)
(25,923)
2015
365,573
536,847
163,617
700,464
(45,021)
(230,000)
425,443
144,020
30,447
30,478
630,388
158,091
161,268
31,629
350,988
279,400
(3,118)
(38,590)
2014
237,692
304,169
153,299
457,468
(45,000)
(166,319)
246,149
176,159
(9,337)
45,587
458,558
149,703
122,005
28,164
299,872
158,686
(913)
(6,141)
2013
151,632
254,011
120,616
374,627
(40,300)
(144,528)
189,799
160,509
41,258
59,986
451,552
98,296
101,581
19,337
219,214
232,338
(1,334)
(41,921)
2012
189,083
192,092
60,982
253,074
(22,800)
(104,111)
126,163
82,285
9,694
24,835
242,977
81,338
75,115
15,574
172,027
70,950
(2,598)
(5,375)
2011
62,977
(Net Profit increased by CAGR 42% i.e. 5 times in 5 years)
Income Statement
Financial Highlights
Assets
Cash and Cash equivalent
Investment Accounts with Banks
Investment in Trading Securities
Sale Receivables
Investment in Mudaraba and Musharaka
Available for Sale Investments
Investment in Real Estate & others
Other Assets
Intangible Assets
Property , Plant and Equipment
Total Assets
Liabilities and Shareholders' Equity
Customer Deposits :
Current Accounts
Saving Accounts
Investment Accounts
Cash Margins
Other Liabilities
Provisions
Total Liabilities
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
1,740,702
81,409
1,582,273
5,713,288
288,663
601,172
797,922
336,459
92,356
825,021
12,059,265
9,591,022
3,625,430
3,942,054
2,023,538
237,397
431,755
84,464
10,344,638
1,715,642
12,060,280
Values SDG "000"
1,886,078
126,442
839,373
4,518,773
389,612
496,016
758,920
273,836
90,949
659,794
10,039,793
7,753,498
2,982,799
2,669,011
2,101,688
387,730
405,371
93,566
8,640,165
1,489,628
10,129,793
1,377,117
25,403
678,285
3,691,381
412,735
326,983
49,496
402,764
90,603
1,077,533
8,132,300
6,245,222
2,557,360
2,038,102
1,649,760
422,577
285,624
64,604
7,018,027
1,114,273
8,132,300
908,245
21,828
589,504
3,234,582
327,430
268,687
58,176
409,216
92,623
891,012
6,801,303
5,084,854
2,056,561
1,484,236
1,544,057
353,484
278,536
66,761
5,783,635
1,017,668
6,801,303
625,942
39,333
297,171
2,272,764
350,708
336,626
59,980
283,015
87,942
653,572
5,007,053
3,991,274
1,569,009
957,293
1,464,972
108,795
173,126
17,412
4,290,607
716,446
5,007,053
20152014201320122011
Balance Sheet
(Balance sheet grew by CAGR 19% i.e. more than doubled in 5 years)
Key Bank of Khartoum Shareholders 2016
Board Of Directors Mr. Mohamed Saeed Alsharif
Mr. Fadul Mohamed Khair
Mr. Jihad Alhussein Mr. Mohamed Elnahdi Dr. Awadalkarim Mustafa Mr. Salaheldin Abu Elnaja Mr. Fadi Alfaqih
Mr. Mohamed Elmurtada Mr. Muhammed Maqbool Dr. Nabil M. Ghalleb Mr.Obaid Elshamsi
Chairman-AE
DeputyChairman-SD
BoardMember-SD BoardMember-AE BoardMember-SD BoardMember-SD GeneralManager-JO
BoardMember-SD BoardMember-BK BoardMember-TN BoardMember-AE
Awards & Milestones
Best Retail Bank – Africa – Islamic Business & Finance Awards 2015
Best SME Bank - Africa - Islamic Business & Finance Awards 2015
Best Islamic Bank - East Africa- Islamic Business & Finance Awards 2015
Best Islamic Bank - Africa- Islamic Business & Finance Awards 2015
Best Microfinance Bank – East Africa – Banker Africa
Best Customer Service – East Africa – Banker Africa
Best Islamic Retail Bank – East Africa – Banker Africa
Best Bank in Sudan – East Africa Awards by Banker Africa
Best Islamic Bank - East Africa Awards by Banker Africa
Best Islamic Retail Bank Sudan - Global Banking & Finance 2015
Best Islamic Microfinance Bank Sudan - Global Banking & Finance 2015
Best Islamic Retail Bank – Africa – International Finance Magazine 2015
Critics’ Choice Best Islamic Retail Bank 2015 Sudan – Islamic Retail Banking Awards 2015
by Cambridge Analytica IF.
Best Bank in Sudan 2016 –Banking Executive Awards 2016, World Union of Arab Bankers
Executive Management
Fadi Al Faqih ChiefExecutiveOfficer
EVP,ChiefFinanceOfficer
EVP,ChiefOperationsOfficer
EVP,HeadInternalAudit
EVP,ChiefRiskOfficer
VP,HeadHumanResources
DeputyCEO EVP,GroupHeadCorporateBanking
EVP,GroupHeadRetail,SME&Microfinance
EVP,GroupHeadTreasury&Investment
Banking
Odai Hindawi Faisal Abbas
Fuad Bahou
Yacoub Zafer
Faisal Abdullateif
Kashif Naeem
Salah Abdul Rahim
Khaled Zada
Nadia Youhanna Ammar OsmanVP,HeadofLegalandCompliance
Rating
Office of Foreign Asset Control – OFAC & Foreign Account Tax Compliance Act – FATCA
http://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20110428.aspx
On 28th Apr 2011 Bank of Khartoum successfully managed
to get delisted from the OFAC sanctioned lists through
extensive work supported by the Bank’s legal council in the
US, Patton Boggs LLP, USA.
KHARTOUM (Reuters) The United States has lifted
economic sanctions on a major lender in Sudan
which has long been under a trade embargo, U.S
administration official said on Friday.
In November, Washington renewed sanctions on the
Sudanese government but also held out prospect
of reconsidering its tough action if Khartoum made
progress in resolving the north - south dispute and
improved the situation in the troubled Darfur region.
The Sudan-based Bank of Khartoum has been
removed from the U.S blacklist because it is no longer
controlled by the government, the U.S official told
routers.
FATF congratulation to Sudan for the significant progress
made in addressing the strategic AML/CFT deficiencies earlier
identified by the FATF and included in his respective action
plans. Sudan will no longer be subject to the FATF’s monitoring
under its on-going global AML/CFT compliance process. Sudan
country will work with his respective FATF-Style Regional Body
as they continue to further strengthen his AML/CFT regime..
http://www.fatf-gafi.org/publications/fatfgeneral/
documents/outcomes-plenary-october2015-.
html#ecuador-sudan
Non Performing Loans - NPL’s
Non- Performing loans decreased by SDG 205 M, due to written off for of SDG 151M and the remaining is a significant
settlements/collections of corporate & remedial clients.
NPL Pre-Oct 2005 NPL Post-Oct 2005 NPL %
2011 2012 2013 2014 2015
11.8%10.3%
7.6%8.8%
4.2%
750
650
550
450
350
250
150
50
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
SDG
Milli
ons
SDG
Milli
ons
2011 2012 2013 2014 2015
300
250
200
150
100
50
-
NPL: Breakdown & Ratio Provisions
BOK Market Share
2010 2011 2012 2013 2014 2015
12%
11%
10%
9%
8%
7%
6%
5%
9.39%
10.71% 10.14% 10.88%10.50% 10.71%
Banking ASSETS
2010 2011 2012 2013 2014 2015
17%
15%
13%
11%
9%
7%
5%
9.99%
11.85%
13.75% 15.06%
13.00%
15.50%
Deposits
2010 2011 2012 2013 2014 2015
13%
12%
11%
10%
9%
8%
7%
6%
5%
9.42%
11.47% 11.69%11.07%
10.91%11.23%
Finance Book
Treasury & Investment Banking
BOK is committed to transparency, service excellence, customer focus and this is everyone’s responsibility within BOK family.BOK Treasury had been successful in promoting and taking lead in the local Money Market lending and borrowing between banks and plays a key role in this function. Bank of Khartoum was the first to issue local private Ijara Sukuk to the Market in 2007.BOK’s Treasury & Investment Division endeavor to provide customers with a range of appropriate -compliant Islamic investment products that suit different lifestyle, as well as
variousinvestmenttimehorizonsandriskappetites.Ourgoalis tomake Islamic investmenteasyforourclients.
Treasury & Investment Banking Services provide:⚫Moneymarkets,Capitalmarket&Foreignexchange,⚫Structureddeposits.⚫ Investmentadvisoryservices,⚫Sukuksyndications&Portfolioissuance.⚫Customizedstructuringfinancingsolutions.⚫Linesofcredit.
Correspondent Banking
Correspondent Banking Division:⚫Enjoysacloserelationswithworldwidecorrespondentnetwork.
⚫CatersfortheneedsandrequirementsofallOffshorecorrespondents.
⚫Promotesbankdevelopmentthroughexpandingnewrelationships.
⚫Endeavortoenhanceinternationalbankingoperationsopportunities.
⚫Dedicatedtotapanddevelopthebestsolutionsininternationalbankingbusiness.
Corporate BankingAssets Breakdown
Corporate BankingLiabilities Breakdown
Corporate BankingGeneral Services:⚫OnlineCentralizedBranches⚫CorporateServiceDesk⚫CorporateATMs⚫SpecialCheques⚫CorporateRelationshipManager
Financial Services:⚫CollectionandCashManagementServices:⚫Cash/ChequePickup⚫Sub-branches⚫CorporateTeller⚫DirectDebit⚫QuickCollectService(PostDatedChequesCustody(PDS)):⚫ExpressPayments
Electronic Services: ⚫CorporateInternetBanking⚫GeneralAccountServices:⚫TransactionPayment:⚫WhiteLabelingSolutions:⚫ElectronicCollection⚫ElectronicReporting⚫SWIFTServices
Trade Products: ⚫LettersofCredit⚫LettersofGuarantee⚫DocumentaryCollections
C/A'sTD's Saving C/A's
Murabaha
ConstructionsSallam
Deffered Sales
L\Cs & L\GsIjara
2011 2012 2013 2014 2015
3.5
3.0
2,5
2.0
1.5
1.0
0.5
0.0
SDG
Billi
ons
2011 2012 2013 2014 2015
8
7
6
5
4
3
2
1
-
SDG
Billi
ons
ATM's
Svaing Plus
2008
Auto Finance
Call Centre
2007
Home Finance
Point of Sale
2009
Home Renovation
Office Financing
Home Construction
NRS product
2010 2011
Used Car Finance
Nukhba - VIP Banking
Bill Payment
Microfinance
AlAman Fund
Loyalty Program
Discount Plus
Free A/C's
Hemaya
Sales Desk in KSA
2012
Education Finance
CDM's
Supplmentary ATM cards
SMS / Email Alerts
Cardless Transactions
2013
Wedding Finance
Smart Buy
E-Fund Transfer
Mubasher
iBOK
Mbok Staff - Launch
New Call Centre Complaint
Management System Launched
Agency Banking
WAKEEL Launched
Mobile Banking
REVAMPED & RELAUNCH
2014
200 ATM Milestone Achieved
Electronic Services Requestsvia Call Centre
Funds Transfer on Mobile Banking
BOK Facebook Page Launched
2015 2016
Retail Banking
Highest customer loyalty across market
Highest brand recall in industry 98%.
Only Bank to offer24/ 7 Call Centre
Night shifts opening hours 5 – 9 pm.
C/A's
TD's
Saving C/A'sEducation FinanceDurable Finance
Home Finance
Auto Finance
2011 2012 2013 2014 2015
3
2
1
0
SDG
Billi
ons
2011 2012 2013 2014 2015
8
7
6
5
4
3
2
1
0
SDG
Billi
ons
Retail Banking
Retail LiabilitiesRetail Asset Breakdown
No. Of BranchesNo. Of ATMs & CDMs
201147
201252
201357
201474
201579
201189
2012129
2013138
2014168
2015205
SME & Microfinance
SMEBOKbelievesthattheSMEsectorisavitalengineofeconomicgrowth for the Sudanesemarket, andwill ensure a brightandsustainablefutureforthecountry.BOK’s servicesandproductsprovide support for SMEswhohavebeeninbusinessforatleast2years,haveanetworthofminimum%25ofsalesandsubjecttoaminimumofSDG300kincapitalorassets.
MicrofinanceIslamicMicrofinanceunitofBankofKhartoumwasfoundedin collaborationwith Islamic Development Bank in Jeddahwith the support and supervision of the Central Bank ofSudan.Theunitwasfoundedtoworkonspecializedprivatetwo axes:⚫SetupandestablishIslamicmicrofinanceinstitutionIRADA;
asasubsidiaryofBankofKhartoum⚫Offer microfinance services and products across Bank
of Khartoum and a safety portfolio Success of the ideaof microfinance with other Islamic approaches and thetransfer this experience to other countries
BOK International - 1st Branch in Bahrain
The Bank of Khartoum - International (BOK-I) received anIslamic Wholesale Bank Branch Licence from the CentralBank of Bahrain on 9th November 2015.Following subsequent compliance with local legal andregulatory requirements, BOK-I is expected to commenceoperations in early 2016as the first overseasbranch tobeestablished by the Bank of Khartoum, Sudan.
MissionBOK-I aims to become a prominent wholesale bankingsolutions provider in Bahrain, recognised for offeringinnovative Sharia-compliant products and services,with acommitment to exceptional service quality.
Business focusThe Branch will focus predominantly on the followingbusiness lines:⚫Tradefinance⚫Treasury⚫Depositgeneration⚫Syndicatedlending⚫Correspondentbanking
2.85%
56.07%
6.05%
25 - 54 years
55 - 64 years
65 years and over
Age Distribution
1,466,319Population
GDP
Con
tibut
ers
Oil & Gas
13%Coverment services
15% Financial services
24%
GDP per Capita
USD 22,384.43
Manufacturing
13%Transport &
Communication
9% Real estates
9%Others
17%
Bahrain is
1st for Banking
System Stability
Mebmer of the GulfCooperation Council 13th
in the world forEconomic Freedom
TAMKEEN&EDBBahrainRiskandForecast.com
BOK International - 1st Branch in UAE
Withlonghistoryofgreatachievements,BankofKhartoumhasannouncedamarkingofanothersuccessfulmilestoneinbeinggrantedanapprovalfromtheCentralBankoftheUnitedArabEmiratestoopenabranchinAbuDhabi-UAE,inlinewiththeprinciplesofIslamicSharialaw.BankofKhartoum,largestandthemostprestigiousfinancialandbankinginstitutioninSudanpromisessuccessintheUAE.In2015,thebankachieved24.15%returnonequity,3.31%returnonassetswithabalancesheetassetsizeofanequivalentofUS$1.9billion.Moreover,thebankachieveda(AA-)ratingforitsfifthconsecutiveyearbyIslamicInternationalRatingAgency(IIRA)andconsideredtheonlybankthathasbeende-listedfromOFACSDNlistsinceApril2011.BankofKhartoum’sshareholdersareleadingregional
IslamicandfinancialinstitutionsleadbyDubaiIslamicBank,IslamicDevelopmentBankJeddah,AbuDhabiIslamicBankalongwithmanyotherprominentSudaneseandRegionalbusinessmen.ThebankhaspioneeredandcontributedtothedevelopmentofmanyIslamicproductsandbankingservices.ThemostsignificantinitiativeofthebankhadbeentheestablishmentofIRADAIslamicMicrofinanceinstitutioninpartnershipwithIslamicDevelopmentBankJeddah.TheapprovaloftheCentralBankoftheUnitedArabEmirates,CEOofBankofKhartoumillustratedisakeymilestoneforthebank’sstrategyinitselfandanexternalpresenceoutsideSudan.HefurtherexplainedthatthebranchwillprovideabouquetofIslamicproductsandservicestoRetailandCommercialcustomers.
Bank of Khartoum announces its 1st branch in United Arab Eemirates
9,294,2226,456,534 Population
GDP
Con
tibut
ers
OiL Tourism TradeTransportation ManufacturingElectricityreal estate
No of commercialBanks
46Mebmer of the Gulf
Cooperation Council
1st
in the qualityof roads
Financial Services
1st
in the importanceICT to government vision
1stin the quality of air
and transportation
4th
globally in the categoryof electricity delivery
Males
2,837,688Females
GDP per Capita
USD 36,060(Ref. knoema.com)
CentralBankofUAE-Website
Subsidiaries
Subsidiary Name Business Activity
Valuable Assets in Transit
Brokerage
Dealing in Commodities and Facilitating Exporters/ Importers
Islamic Microfinance
Dealing in Foreign Exchange & Funds Transfer
Hotel, Shopping Mall and Offices
Telecommunication
Al Fahad for Valuable Assets in Transit
Sanabel for Financial Securities
National Trading & Services Co.
IRADA
SudaCash
Wahat Al Khartoum
Canar
FirstsecuredtransportationinSudan Firststockbrokeragefirm
LargestshoppingmallintheSudan(22,000sqm)
ThepremierforeignexchangecompanyinSudan
Strategy
Vision
Mission
Stra
tegi
cPi
llars
⚫ Continue to generate quality assets locally⚫ Expand geographically across Africa⚫ Establish presence in GCC
⚫ FATCA implementation⚫ Strengthen remittance business⚫ Strengthen export finance and investment banking business lines
⚫ Launch Mobile Money proposition⚫ Enhance digital solutions⚫ Strengthen branch and distribution network
Continuously improve across all businesses and ensure thehighest customer satisfaction through valued offerings, service delivery, systems and staff development. Contribute proactively to Sudan’s social
and economic welfare
Transform
into a leading, regional
full service, commercial and retail bank
professionalism, respect, integrity, dedication and excellence
1 32
Market GrowthAnd Expansion
DepositsGeneration
Foreign CurrencyGeneration
Emerge as a leading regionalAfrican bank
Generate foreign currencydeposits and income to fuel
international operations
Promote efficient, multichannel,low cost, deposit generatingchannels to fuel bank growth
StrategicIntent
ActionsRequired
Values
Tebyan [email protected]
+249156661703
Aisha Dirar [email protected]
+249156661706
Tipyan [email protected]
+249156661704
Manal Umbadda [email protected]
+249156661709
Samih Elnayer [email protected]
+249156661710
Sarah Abubaker [email protected]
+249156661722
Yasser Ali [email protected]
+249156661708
Ahmed Elbashier [email protected]
+249156661705
Nuha Mubarak [email protected]
+249156661721
EVP,GroupHeadTreasury&[email protected]
+249156661700
Khaled Zada
FI Manager [email protected]
+249156661720
Mona Ahmed
Treasury [email protected]
+249156661702
Haroun Adam
Treasury & Investment Banking
www.bankofkhartoum.com
Services in ActionBOK is now a fully integrated Financial services group
offering a range of corporate, retail, SME, treasury and
investment products and service.
Our goal now is to harness greater synergy within the
groups customer base to become the one bank for their
financial needs across our range of services and continue
to develop new products and services to meet
the growing sophistication of our customers needs.
We also intend to tap into the Sudanese expatriate
conmmunity across the GCC, to increase our customer
base and bring investment back into the Sudan through
BOK.
