The National Bank of Sudan is a

private bank Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...

located in

Khartoum Khartoum or Khartum ( ; ar, الخرطوم, Al-Khurṭūm, din, Kaartuɔ̈m) is the capital of Sudan. With a population of 5,274,321, its metropolitan area is the largest in Sudan. It is located at the confluence of the White Nile, flowing n ...

state which is the capital of

Sudan Sudan ( or ; ar, السودان, as-Sūdān, officially the Republic of the Sudan ( ar, جمهورية السودان, link=no, Jumhūriyyat as-Sūdān), is a country in Northeast Africa. It shares borders with the Central African Republic t ...

. The bank was formed in 1981.

History

The bank was established in 1981. In July 2006, the

Lebanon Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus li ...

Bank Audi Bank Audi (Arabic: بنك عودة, previously Bank Audi- Saradar) is a Lebanon-based universal bank and financial services company headquartered in Beirut, offering financial products and services in personal banking, business banking, private ban ...

acquired 75% of the value of the stock and signed an agreement between National Bank of Sudan and Lebanon's Bank Audi at the Friendship Hall to enter a partnership. In the partnership Bank Audi, a strategic partner of the National Bank rate 75% of the Bank shares, raised capital to the National Bank 72

million One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian ''millione'' (''milione'' in modern Italian), from ''mille'', "thousand", plus the au ...

U.S. dollars. The agreement was signed on behalf of the National Bank – Mr. Hassan Ibrahim Malik, chairman of the Bank and the on other hand Mr. Raymond Audi, chairman of the bank Audi.

Banking system

After the signing of the Comprehensive

Peace Peace is a concept of societal friendship and harmony in the absence of hostility and violence. In a social sense, peace is commonly used to mean a lack of conflict (such as war) and freedom from fear of violence between individuals or groups. ...

Agreement between the Sudanese Government and the Popular Movement for the Liberation of Sudan after 25 years of

civil war A civil war or intrastate war is a war between organized groups within the same state (or country). The aim of one side may be to take control of the country or a region, to achieve independence for a region, or to change government policies ...

southern Sudan South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the Con ...

, the Central

Bank of Sudan The Central Bank of Sudan ( ar, بنك السودان المركزي) is the central bank of Sudan. The bank was formed in 1960, four years after Sudan's independence. It is located in the capital Khartoum. History When Sudan achieved independe ...

Act (Amendment) Act 2006 was issued. There is a dual Sudanese banking system, an

Islamic Islam (; ar, ۘالِإسلَام, , ) is an Abrahamic monotheistic religion centred primarily around the Quran, a religious text considered by Muslims to be the direct word of God (or '' Allah'') as it was revealed to Muhammad, the mai ...

one in the north of Sudan and the other traditional in southern Sudan. The system of the National Bank of Sudan for 2006 was considered one of the strongest banking systems operating in Sudan, after the administration had been run by Lebanon's Banque Audi, which has about 76.56% in 2008. It is expected to change the name of the bank to Audi Al-Ahli Bank.

Administrative Structure

Board of directors

* Mr. Mattar Hamdan Sultan Hamad Elamry – Chairman * Mr. Ahmed Saeed Rashid El-Reyami - Member * Mr. Hisham Salih Abdelrahman Yagoub - Member * Mr. Osman Mukhtar Ahmed - Member * Mr. Mansour Ishag Abushosha - Member * Mr. Nadir Hassan Malik - Member * Ms. Asma Saeed Mohamed - Secretary of the Board

Bank management

* Mr. Mohamed Ahmed Abdelmajid - General Manager * Mr. Mahir Hanafi Abdulkarim - Deputy General Manager * Mr. Mohamed Ahmed Elhaj - GM Assistant for Financial Affairs

Branches

References

External links

* {{Official website Buildings and structures in Khartoum Companies based in Khartoum Banks established in 1983 Banks of Sudan