CBoS Governor Meets Bank Owners to Prepare Banking Sector for Recovery Phase

Khartoum – Sudanhorizon

Amina Mirghani Hassan Al-Tom, Governor of the Central Bank of Sudan, held a meeting on Sunday at the Central Bank’s headquarters with representatives of bank owners.

According to the Central Bank’s Corporate Communications Department, the meeting discussed issues related to developing the banking sector and preparing banks for the next phase in light of the changes and challenges brought about by the war. Discussions also focused on the requirements for transitioning to economic recovery and reconstruction, in ways that strengthen the banking system’s ability to support economic activity and provide the financing needed for productive and investment sectors.

The meeting also addressed several issues concerning banking reform requirements, governance, bank capital, and legislative and regulatory frameworks, in addition to the challenges facing banks and ways to address them. Participants emphasized the importance of balancing reform requirements with banking sector stability and creating suitable conditions to strengthen banks’ ability to continue operating and expand their contribution to the national economy.

The meeting underscored the importance of continued consultation and coordination between the Central Bank of Sudan and representatives of bank owners, as well as strengthening dialogue on banking sector issues to support reform and development efforts and help prepare the banking system to play an effective role in the recovery and reconstruction phase.

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