is a major milestone for Canada Goose Parka us

07 Mar is a major milestone for Canada Goose Parka us

Bank of Khartoum eyes more Gulf farming finance after first rating

KHARTOUM, Feb 7 (Reuters) Bank of Khartoum, canada goose coats on sale Sudan oldest bank, wants to boost its agricultural finance business with the canada goose clearance sale help of Gulf Arab banks after winning the African country first ever international rating, its head Canada Goose sale said Canada Goose Coats On Sale on Thursday.

Undeterred by decades of wars, poverty and spiralling inflation, the bank has been steadily expanding its retail and corporate business in the vast country.

Its main shareholders, Dubai Islamic Bank, Sharjah Islamic Bank and Abu Dhabi Islamic Bank, buy canada goose jacket cheap are currently more than tripling the canada goose store capital to 1 billion Sudanese pounds (around $225 million based on the official rate). sanctions over its human rights record, Bank of Khartoum is one of the few local banks with foreign ties.

The Islamic International Rating Agency (IIRA) uk canada goose last Canada Goose sale online week gave the bank Canada Goose online a short term rating with a stable outlook, the first ever rating in a country with almost no transparency standards and a canada goose reputation for widespread corruption.

Bank of Khartoum hopes the rating will help attract banks and institutional investors from Sudan main trading partners in the Gulf for its new business to help boost agricultural and mining exports, General Manager Fadi Faqih told Reuters.

gives us a reference for international agencies, funds, correspondent banks and financial institutions to look at Sudan, to look at Bank of Khartoum, he buy canada goose jacket said. is a major milestone for Canada Goose Parka us.

Faced cheap canada goose uk with the loss of most oil reserves to South Sudan when it seceded in 2011, Sudan is trying to boost exports of canada goose black friday sale gold and farming exports such as cotton, cash crops or gum arabic from its vast farmlands.

The loss of oil revenues, which used to be the main source for state revenues and dollars needed canadian goose jacket to pay for food cheap Canada Goose imports, has thrown the economy into turmoil. The canada goose uk shop Sudanese Canada Goose Outlet pounds has more than halved in value since Canada Goose Jackets the secession.

The bank is preparing a fund to attract direct investment from mainly Gulf banks to invest canada goose coats into Sudan agricultural sector. will be hopefully ready by the second quarter, canada goose uk black friday he said, declining to give details.

The bank, which is celebrating its 100th Canada Goose Online anniversary, also plans to increase the number of retail branches this year to canada goose clearance 70 from 55 across Sudan, he said.

Bank of Khartoum also plans to arrange Islamic bonds, or sukuks, for corporate clients in the infrastructure and utility sector for some 150 million pounds this year.

Its profit, driven by the retail canada goose uk outlet and corporate business as well canada goose factory sale as foreign currency reserves benefiting from Sudan currency devaluation, will rise to around 250 million pounds this year, after 200 million pounds in 2012.

IIRA forecast the bank uk canada goose outlet pre tax profit to hit 592 million pounds in 2015, according to its ratings report. (Reporting by Ulf Laessing; editing by Keiron Henderson).