The banking sector in Sudan is firmly
established and banking services are accessible in all the states of the
country. Moreover there are some specialized banks which are solely
devoted to spur investment and development to greater efficiency in
particular fields. There are also some state-owned institutions and
private companies that finance investment activities. Partners to all are
invited. Due to current economic situation the Central Bank of Sudan has
directed the commercial banks in Sudan to merge so that a stronger and
wider range of assistance is provided.
The financial sector consists of 26 operating banks and
a number of other financial institutions, including insurance companies
and informal lenders. The commercial banking sector comprises some 17
joint- venture banks and 2 state-owned commercial banks together with 3
foreign bank branches, and 4 specialized banks.