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Finance
INDUSTRIAL DEVELOPMENT BANK
Musaad M.A. Abdelkarim
General Manager
Amarat St. 21
PO Box 710, Khartoum
Tel: + 249 183 472151
Fax: + 249 183 772148
musaad@idb.sd
http://idb.sd/index.html
Activity: banking
Capital: Authorized capital: US$ 1,000,000,000,
Paid Up Capital: US$ 350,000,000
Ownership: Ministry of Finance and National
Economy: 75%, The Central Bank of Sudan: 25%
The mission of the Industrial Development Bank is
to get up with the transformational industry sector
through providing finance, rendering, banking ser-
vices, participate in finding technical solutions, cop-
ing with the technological developments. The bank
selected one of the best of the electronic banking
systems used globally. It acquired new versions of
the “Globus” system produced by the Swiss com-
pany Timnus & used by more than 150 international
banks. The system was installed and checked in the
bank’s headquarters and the operating branches.
The “Globus” system fitted in with the electronic
clearing system. The bank also installed & operated
the electronic voucher system.
The Industrial Development Bank follows the princi-
ples of the Islamic banking. The bank’s total assets
amounted to SDG 548.5 million by the end of the
year 2009 (compared to SDG 549 million in 2008
with a decrease of 0.1%).
The Objectives of the Industrial Development Bank are:
• To advance financing & comprehensive
banking services in such a way as may assist in
development and promotion of the
transformational industry in the Sudan, & increase
of the rates of development thereof; and enhance
of its subscription in the gross domestic product.
• To assist in the establishment of the facilities of the
processing industry in the Sudan , widen
the activity thereof and promote the same, in
accordance with modern styles;
• To carry out all the financial and banking
business and transactions, which pertain to the >
transformational industry sector.
• To establish industrial areas and complexes, in
coordination with the competent bodies;
• To render consultancy, feasibility studies and build
the abilities of the industry facilities, in coordination
with the competent bodies.
• To strive to attract local & foreign capitals and
expertise, to enter into the fields of development of
the transformational industry, in the Sudan;
• To issue shares, speculation stock of the various
types thereof, finance subscription to, or finance
the same, as to such extent and manner, as the
Board may specify, and as to such safeguards, as
may assist it to achieve the objectives thereof.
The Industrial Development Bank has created a
global image thanks to its correspondences and
international trade activities. Its good reputation
comes from meeting its obligations and international
standards.
“We assure we are committed to the highest stand-
ards. Our bank is specialized and has experience
in this area. There is strong potential: the industrial
sector in Sudan represents 30% of the GDP. And we
are one of the biggest banks of the country capital-
wise”.
ISLAMIC CO-OPERATIVE DEVELOPMENT BANK
PO Box 62, Khartoum
Tel: + 249 183 780505 / 183 775366
Fax: + 249 183 777715
www.iscob.com
Activity: Banking
Date of Creation: 1982
Ownership: Khartoum State (51%), Sehrian El
Shamal (17%), Cooperative Sector (16%)
No. Employees: 600
Since its establishment in 1982, in accordance with
a special Act as a contribution between the Gov-
ernment of the Republic of the Sudan and the co-
Downtown Khartoum