Bank of Sudan reports 15.6% growth in bank deposits in February

The Bank of Sudan of Sudan (CBOS) has announced positive developments in monetary and banking indicators at the end of last February, reporting a 15.6% increase in the volume of bank deposits.

The report said the central bank continues to face significant challenges in its economic recovery process, driven by the repercussions of the war that has been ongoing since April 2023.

According to the periodic economic bulletin (02/2026) issued on Saturday, total bank deposits rose to more than 24.1 trillion Sudanese pounds.

The bulletin also showed a continued decline in the annual inflation rate, which fell to 56.4% by the end of February, compared to 60.3% in January and 187.8% in December 2024.

In the foreign exchange market, the data indicated stability in the average exchange rate of the Sudanese pound against the US dollar at commercial banks, where it stood at 2,892.68 pounds for buying and 2,918.43 pounds for selling.

On the production financing side, the report confirmed a policy shift toward productive sectors, with financing flows reaching 330.4 billion pounds in February. The agricultural sector accounted for the largest share at 31.3%, followed by the industrial sector at 22.8%.

The “Murabaha” Islamic financing formula continued to dominate banking transactions, accounting for 88.1%.

The bulletin further indicated that broad money supply (M2) reached approximately 29.4 trillion pounds by the end of February.

Balance of payments data for 2025 revealed a wide trade deficit, with exports totaling 4.3 billion US dollars compared to imports of nearly 10 billion US dollars.