National Bank of Sudan

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The National Bank of Sudan is a private bank located in Khartoum state which is the capital of Sudan. The bank was formed in 1983, It is acquisition by Bank Audi s.a.l. Audi Saradar Group, and the General Manager is Charbel T. Moubarak.

History[edit]

The bank was born in 1983.

In July 2006, the Lebanon's Bank Audi 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 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[edit]

After the signing of the Comprehensive Peace Agreement between the Sudanese Government and the Popular Movement for the Liberation of Sudan after 25 years of civil war in southern Sudan, the Central Bank of Sudan Act (Amendment) Act 2006 was issued. There is a dual Sudanese banking system, an Islamic 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.

See also[edit]