Bank of Khartoum Wins IFM 2014 Awards

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Jan 19, 2015, 04:00 ET

LONDON, January 19, 2015 /PRNewswire/ --

London-based International Finance Magazine has conferred the 2014 awards for 'Most Innovative Islamic Bank' and 'Best Islamic Retail Bank' in Africa to Bank of Khartoum. The awards were presented on November 18 by the honourable Lord Sheikh, Baron Sheikh of Cornhill, House of Lords; Sheikh Bilal Khan, UK Catalyst at UKTI and Co-Chairman of Dome Advisory and Peter Meyer, CEO, Middle East Association at a gala dinner in the ballroom of the Jumeirah Carlton Tower in London.

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(Logo: http://photos.prnewswire.com/prnh/20140115/663464 )

Established in 1913 by the Anglo-Egyptian regime, Bank of Khartoum (BOK) is Sudan's leading Islamic bank offering its customers a full range of innovative financial products and services. It is also the oldest bank in the nation. With its roots deeply integrated in the country, BOK has been a primary supporter and driver of the nation's economic and social development over the past century.

Kashif Naeem, EVP & Group Head, Retail, SME & Microfinance, Bank of Khartoum, said, "Extremely delighted and proud with the recognition. We are known to be the market leader in Sudan and we are honoured to be recognised with this award of 'Best Islamic Retail Bank Africa' from a reputed magazine like IFM." The award, he said, is "a reflection of our commitment and extra ordinary performance of retail banking in Sudan as we launched retail banking only in 2006 when Dubai Islamic Bank took over as a major shareholder."

"We are the largest bank in the country with over 2 billion dollar balance sheet and have the largest branch network, largest ATM network, largest customer base, largest deposit base etc. We just launched first-ever mobile money in Sudan and look forward to capture large unbanked population in Sudan which will also help the economy of the country by bringing the money in the banking channel," he added.

Watch IFM's interview with Kashif Naeem: http://youtu.be/tB08XoC5Asc

Read the full story: http://internationalfinancemagazine.com/article/IFM-celebrates-financial-excellence-at-annual-awards-ceremony-in-London.html

2014 award winners: http://www.internationalfinancemagazine.com/awards/winners

Gallery: http://www.internationalfinancemagazine.com/awards/albums

If you would like to nominate a company or an executive for the awards, visit http://internationalfinancemagazine.com/awards/nomination

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International Finance Magazine (www.ifinancemag.com) was established to offer credible financial news and present developments worldwide in a simple and easy-to-understand manner. Our audience comprises the top decision-makers in the financial community across the globe. We aim to be the most sought-after financial information provider. Our inaugural quarterly magazine was launched at the summit on November 18, 2014.

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Pictures to EU Islamic Banking and Finance summit London 2014: http://internationalfinancemagazine.com/awards/gallery/ifm-events-eu-islamic-finance-summit-london-2014/

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SOURCE International Finance Magazine