CBoS allows banks to finance real estate construction and car purchases

The Central Bank of Sudan (CBoS) prohibited, in a brochure and directives for granting bank financing for the year 2025, banks and their affiliated companies from financing foreign currency trading.

 

The brochure allowed financing real estate construction, improving and maintaining shelter within the limits of microfinance, constructing pharmaceutical factories and production lines, purchasing equipment and supplies for the local pharmaceutical industry, and constructing silos, warehouses and ginning plants in production areas.

 

The brochure allowed financing companies, institutions and bodies in which the government contributes at any percentage according to the creditworthiness controls of the company, institution or concerned body, while adhering to all applicable financing controls and fulfilling sufficient guarantees to avoid concentrating financing.

 

The brochure also allowed financing the purchase of cars (trucks, rickshaws, three-wheeled motorbikes, buses and coaches).