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This is a specialized financial institution for the kop priority of The work segments of the community, working within the productive and service sectors. They provide opportunities for the full self operation for establish settled societies according to the Islamic authenticating principles as well as the Copenhagen Summit 1995.

The bank renders services to all economic sectors though two channel in full coordination and a systematized process upon economic, social and civil studies :

  1. Commercial investment built upon savings, compliant to control procedures of the Central Back,

  2. Collective investment compiled upon social support donated by the Ministry – Finance & National Economy. Controls are tolerating enough to shade the largest segment of the weak categories’ in the economic circuit.

Background:
The cradle of such banks was European in the early nineteenth century to assist the needy. The model then spread among other parts of the world.- The Sudanese Savings Bank was inaugurated on the World Savings Day, Oct 1st 1974. Wed .Medani was selected as headquarters being centrally located , with a majority of craftsmen and categorist of average of limited income.

- The starting capital was. 500.000 Sudanese pounds. ln1982 , due to an  Expansion in branches it jumped up to 3 millions. In 1995 it was retitled as the Saving & Social Development Bank.

Bank Targets:
  1. The endeavour  to improve living conditions of the various community sectors to improve then to participate in relieving the impact of economic restructure and pertinent policies. The objective is adherence to authenticating protection of human dignity.
  2. Rechanneling recourses of society towads activities that enliven aspects of sustainable development within frames of inclusive economy for the nation.
The Bank Strategy:
  1. The bank operates in conformance with the set policy of the Government to fight poverty.
  2. It works as a tool to coordinate efforts of concerned agencies and institutions that concentrate efforts instrumentally to utilize wealth for sustainable development.
  3. It props up banking endeavours among targeted sectors through training in administration, sober utilization of wealth and savings etc.
  4. Concentration on community participation in planning, execution and project management, individually and collectively.
  5. Special attention is devoted to the woman sector in training and financing ambitions thereof,
  6. Integrated attention to commercial and social investments to empower all to penetrate the economic cycle.

For More Information

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Woman & Family
Social Program
Poverty Fighting Centre
Information Centre
 The Strategic Centre of Social Rehabilitation
The Centre of Social Development Culture
The Foreign Cooperation Division
Zakah chamber
Health Insurance Fund
Social Insurance Fund
Pensions Fund
Population Council
 Child Welfare council
Bank of Savings and Social Development

 

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