Regulatory Alerts2026-08-31
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Annual Report 2024
The Central Bank of Sudan's 2024 policies aimed to reduce inflation to a double-digit figure by year-end, targeting an annual average of 155%, with money supply growth at 46.9% and monetary base growth at 48.8%. However, actual inflation reached 187.83% by December 2024, with an average of 176.9%, exceeding targets due to increased government borrowing and liquidity outside the banking system. The capital adequacy ratio for banks was 1.5%, significantly below the Basel III standard of 12%, indicating weak loss absorption capacity, while non-performing loans rose from 10.1% to 16.5% against a 6% standard. The Central Bank facilitated the resumption of 374 bank branches and 4 exchange companies by September 2024 to restore banking services and confidence amidst ongoing conflict.