Bank of Khartoum History and Financial Details

The Bank of Khartoum has a rich history that dates back to 1921. It was established by a royal decree from King Fuad II of Egypt.

The bank initially started as a small operation, but over the years it has grown into a major financial institution in Sudan. The bank's headquarters is located in the heart of Khartoum, the capital city of Sudan.

The Bank of Khartoum offers a range of financial services, including personal and corporate banking, treasury services, and investment banking.

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Bank of Khartoum has a rich history dating back to 1913 when the Anglo-Egyptian Bank established a branch in Khartoum.

The bank has undergone several name changes over the years, including being renamed as Barclays Bank in 1925 and then as State Bank for Foreign Trade in 1970 after acquisition by the Government of Sudan.

Bank of Khartoum has over 130 branches and sub-branches in Sudan, and one overseas wholesale branch in the Kingdom of Bahrain, with a network of 260 ATMs and CDMS.

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Here's a brief timeline of the bank's name changes:

The Bank of Khartoum has a rich history that dates back to 1913 when the Anglo-Egyptian Bank established a branch in Khartoum.

In 1925, Barclays Bank merged Anglo-Egyptian with two other banks to form Barclays Bank (Dominion, Colonial and Overseas). This marked a significant milestone in the bank's history.

The bank's history is also marked by nationalization, which occurred in 1970 when the Sudanese government nationalized all the banks in the Sudan. Several banks were renamed and put under the Bank of Sudan.

Here's a brief timeline of the bank's history:

The bank has undergone significant changes over the years, but it continues to play an important role in the Sudanese economy.

Bank of Khartoum has a rich history dating back to 1913 when it was established as the Anglo-Egyptian Bank during the Anglo-British rule.

The bank has undergone several name changes over the years, including being renamed as Barclays Bank for Overseas Properties and Territories in 1925, and as Barclays Bank in 1954.

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In 1970, the bank was acquired by the Government of Sudan and renamed as State Bank for Foreign Trade. Three years later, it was renamed as Bank of Khartoum through a Presidential Decree in 1975.

Here's a brief timeline of the bank's name changes:

The bank has also undergone significant mergers and acquisitions, including merging with People's Cooperative Bank (Bank Misr) in 1983, and with Unity Bank (Othman Bank) and National Export & Import Bank in 1993.

The Bank of Khartoum offers a range of financial services, including personal and corporate banking. They have a network of branches and ATMs across the country.

Their personal banking services include savings accounts, current accounts, and credit facilities. These accounts are designed to meet the needs of individuals and families.

The bank's corporate banking services cater to the needs of businesses, offering account facilities, cash management services, and trade finance. Their corporate banking services are designed to help businesses grow.

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The Bank of Khartoum also offers online banking services, allowing customers to manage their accounts and conduct transactions remotely. This service is available 24/7.

Their mobile banking app is another convenient way for customers to access their accounts and conduct financial transactions on the go. The app is available for download on both iOS and Android devices.

The bank's financial products and services are designed to meet the needs of customers in Sudan and beyond.

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The Bank of Khartoum has a strong leadership team that ensures the bank's codes of conduct are upheld.

The bank's leadership team is headed by a Board of Directors, which is responsible for overseeing the bank's overall strategy and direction.

The bank's codes of conduct are designed to promote a culture of integrity, transparency, and accountability.

997 people are employed at Bank of Khartoum.

Having a large workforce can be beneficial in terms of having a diverse range of skills and perspectives, but it also requires a lot of resources and management.

As we explore the concept of leadership, it's essential to understand the roles and responsibilities that come with it. Mustafa Hassan is the General Manager and Chief Executive Officer of Bank of Khartoum.

In this position, he is responsible for making key decisions that shape the direction of the bank. This level of authority requires strong leadership skills, which Mustafa Hassan likely possesses to hold such a high-ranking position.

Effective leadership is crucial in any organization, and Mustafa Hassan's role at Bank of Khartoum is a great example of this.

The NAICS code is a six-digit code that classifies businesses based on their primary activity.

NAICS codes are used by the US government to collect data on businesses and industries.

The NAICS code for Bank of Khartoum is 522110, 52211, 522, 5221, and 52.

NAICS codes are updated periodically to reflect changes in the economy and industries.

Bank of Khartoum's NAICS codes indicate that it is a commercial bank.

NAICS codes are used in various applications, including business registration and tax reporting.

Understanding SIC codes is crucial for businesses, and it's not as complex as it sounds. The SIC code for Bank of Khartoum is 60 and 602.

A SIC code is a numerical classification used to categorize businesses by industry. It's like a label that helps identify what kind of business you have.

Bank of Khartoum plans to restart sukuk sales as the economic outlook for Sudan improves.

The bank expects to post a record profit this year, boosted by strong lending and a substantial windfall from the devaluation of the Sudanese pound.

A couple of sukuks have been started, and the bank could realistically issue $100 million in bonds for local companies by early 2013.

Local companies from the aviation, real estate, and hotel industries are showing an interest in issuing Islamic bonds.

The Bank of Khartoum plans to fund exports such as livestock, cash crops, and iron ore as Sudan expands its mining and agricultural production to offset the loss of oil.

It also plans to add 24 new branches to its existing network of 55 branches.

The bank expects a net profit of more than 200 million pounds (around $35 million) in 2012, up from 63 million pounds last year.