Sudanese Egyptian Bank

What Sudanese Egyptian Bank does

Sudanese Egyptian Bank (البنك السوداني المصري) is a Khartoum-headquartered Islamic banking institution incorporated in August 2005 as a Sudanese public shareholding company. It operates eight physical branches across Sudan's principal commercial centers — Khartoum, Bahri, Omdurman, Portsudan, and Osif — supported by 14 ATMs and a Cairo representative office. The bank is majority-owned (70%) by Tadamon Islamic Bank following a 2014 acquisition; prior ownership history includes Piraeus Bank Egypt as founder, Capella/Lotus Investment Management (BVI), and Al-Galaa Capital Egypt alongside Abu Dhabi-based investors.

The bank operates a full Sharia-compliant product suite spanning corporate finance, trade finance, payroll services, customs payment processing, banking insurance agency, POS acquiring, education finance, micro-finance, small enterprise finance, personal finance, current/savings/investment accounts, and treasury services. A three-member Sharia Supervisory Board governs product compliance. Internationally, the bank maintains correspondent banking relationships across Egypt, the UAE, Bahrain, Qatar, Saudi Arabia, France, Italy, and Turkey, positioning it as a conduit for Sudanese cross-border trade and remittance flows.

Revenue is generated through spread income on financing assets, fee and commission income on trade, payroll, customs, and POS services, and treasury activities within Sharia constraints. The bank's competitive positioning rests on its Islamic banking license, multi-country correspondent reach, and embedded institutional workflows with Sudanese corporates and government counterparties. The bank is currently executing a capital increase to support further balance sheet expansion.

Name

Sudanese Egyptian Bank

Legal name

Sudanese Egyptian Bank (البنك السوداني المصري)

Website

https://sebank.sd

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Sudanese Egyptian Bank is a Khartoum-based Islamic bank offering Sharia-compliant corporate, trade, micro, and consumer finance across eight Sudanese branches, with correspondent banking spanning eight countries and a Cairo representative office supporting cross-border flows.

Ownership category

akta.pro rank

Product category

Islamic Banking Services

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Islamic banking services
• Corporate finance
• Trade finance operations
• Retail banking
• Treasury services

Headquarters

HQ city

Khartoum

HQ country

Sudan

HQ region

Africa

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Corporate Finance Services: Direct financing through Murabaha, participations, speculation, contracting, and salam (deferred payment) arrangements. Indirect financing through letters of guarantee and letters of credit for corporate clients.
2. Retail Banking: Current accounts, savings accounts, and investment accounts providing deposit-based banking services with ATM card functionality and competitive profit rates for investment accounts.
3. Individual Financing: Education financing, micro-finance (up to 100,000 SDG), small finance (up to 1,500,000 SDG), and personal finance for purchasing goods and services through installments with Islamic-compliant profit rates.
4. Banking Insurance Services: Partnership with Islamic Insurance Company to sell personal and commercial insurance policies (cars, travel, homes, credit insurance, social takaful) with monthly premium payments.
5. Treasury and Foreign Exchange Services: Foreign currency exchange, hedging services against exchange rate fluctuations, and Islamic-compliant advisory solutions for investors.
6. Trade Finance Operations: Letters of credit (domestic and foreign), letters of guarantee, and documentary collection operations for importers and exporters.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Sudanese Egyptian Bank is an Islamic Sharia-compliant bank providing corporate finance, trade finance, retail deposit accounts, individual financing (education, micro, small, personal), treasury and capital markets services, payroll processing, customs payment services, and electronic payments through a network of 8 branches, 14 ATMs, and POS terminals across Sudan, with a Cairo representative office and an international correspondent banking network spanning Egypt, UAE, Bahrain, Qatar, Saudi Arabia, France, Italy, and Turkey.

Product overview

Sudanese Egyptian Bank is a Sudanese-Egyptian public shareholding company established in 2005 operating under Islamic banking principles. The bank offers a comprehensive suite of banking products organized into corporate banking (Corporate Finance Service, Trade Finance Operations with letters of credit and guarantees, Payroll Service, Customs Payment Services, Banking Insurance), retail/individual banking (Current Accounts, Savings Accounts, Investment Accounts, Education Finance, Micro-Finance, Small Finance, Personal Finance), Treasury & Capital Markets, and digital infrastructure (Point of Sale Services, ATM Network with 14 locations, 8 branches plus Cairo office). The portfolio serves both corporate and individual clients with Islamic-compliant financing formulas, trade finance, and government payment services.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Finance Service Strategic partnership banking service for corporate clients offering direct financing through Murabaha, participations, speculation, contracting, and salam (deferred payment) arrangements, plus indirect financing via letters of guarantee and letters of credit for corporate clients.
• Trade Finance Operations Expert-led trade finance service providing letters of credit (domestic and foreign), letters of guarantee (bid insurance, performance bonds, advance payments), and documentary collection operations for importers and exporters.
• Payroll Service Monthly salary payment service where the bank deducts from company accounts and credits employee accounts, with ATM card issuance enabling cash withdrawals from any ATM network.
• Customs Payment Services Government payment service for customs duties through a smart partnership with the Sudanese Customs Authority, enabling merchants to pay customs duties (including Ornuk 15 receipts) electronically through bank branches, ATMs, and POS terminals.
• Banking Insurance Services Personal and commercial insurance policies (cars, travel, homes, credit insurance, social takaful) sold through partnership with Islamic Insurance Company at competitive market prices with monthly premium payments.
• Point of Sale (POS) Services Electronic payment service enabling bank card and e-wallet holders to pay for purchases from banking and non-banking accounts via merchant point-of-sale terminals linked directly to the bank's merchant accounts.
• Education Finance Islamic-compliant financing product for individuals covering all educational levels from basic education to university and professional degrees, available through institutional and individual tracks.
• Micro-Finance In-kind or service financing for individuals and solidarity groups targeting agricultural, livestock, trade, services, and craft activities; maximum 100,000 SDG plus insurance for agricultural, industrial, and graduate projects, and 50,000 SDG plus insurance for other sectors.
• Small Finance Individual or collective financing for projects exceeding micro-finance limits, up to 1,500,000 SDG per transaction (or as determined by the Central Bank of Sudan), targeting existing projects, startups, youth and women entrepreneurs.
• Personal Finance Installment-based financing enabling customers to purchase furniture, electronics, equipment, computers, and other goods permitted by Central Bank policies through installments at competitive Islamic-compliant profit rates, eligibility for ages 21 to 68.
• Current Accounts Daily transaction accounts available in Sudanese pounds and foreign currencies (USD, SAR, AED, EUR) with check book and ATM card access for individuals and companies.
• Ordinary Savings Account Cash deposit account with no minimum opening amount, ATM card access, joint account support, no profit paid, and unlimited withdrawals.
• Investment Accounts Participatory Islamic investment accounts offering competitive profit rates with monthly profit payments, ATM card access, and unlimited withdrawals for individuals and corporate holders.
• Treasury & Capital Markets Value-added treasury services including foreign currency operations, forex hedging with preferential rates, timely corporate obligation fulfillment solutions, and Islamic Sharia-compliant investment advisory.

Quantifiable outcome

• 8 branches opened in Sudan since establishment in 2005
• +1 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Abu Dhabi Islamic Bank (UAE)coreTechnology or IntegrationInternational correspondent banking partner providing cross-border transaction capabilities and support for operations in the UAE market.
• El Nilein Bank (UAE - Abu Dhabi)coreTechnology or IntegrationCorrespondent banking partner in Abu Dhabi facilitating international transactions and trade finance operations.
• Al Baraka Islamic Bank (Bahrain)coreTechnology or IntegrationInternational correspondent banking partner in Bahrain supporting Islamic banking transactions and trade finance.
• Banque du Caire (Egypt)coreTechnology or IntegrationPrimary correspondent banking partner in Egypt supporting commercial activities and integration between Egypt and Sudan.
• Banque Misr (Egypt)coreTechnology or IntegrationMajor correspondent banking partner in Egypt for trade finance and international transactions.
• National Bank of Egypt (Egypt)coreTechnology or IntegrationPrimary correspondent banking partner providing extensive coverage for transactions with Egypt.
• Riyad Bank (Saudi Arabia)coreTechnology or IntegrationCorrespondent banking partner in Saudi Arabia for regional trade and financial services.
• Central Bank of SudancoreOthersCentral Bank of Sudan is the regulatory authority that licenses and supervises the bank's operations. The bank is registered with registration number 23595 and licensed to conduct all banking and investment activities under Islamic Sharia principles.
• Customs Authority (Sudan)coreStrategic or Co-development PartnerSmart partnership with Customs Authority enabling merchants to pay customs duties electronically through bank branches, ATMs, and POS terminals. This facilitates faster customs payments and easier transactions for traders.
• Islamic Insurance CompanyminorStrategic or Co-development PartnerInsurance partner offering personal and commercial insurance policies (cars, travel, homes, credit insurance, social takaful) sold through the bank's branches with monthly premium payments.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Regional players

• Banque Misr: Major Egyptian state-owned commercial bank and core correspondent partner for Sudanese Egyptian Bank's Egypt-side trade and remittance flows; competes indirectly for cross-border Egypt-Sudan banking business.
• National Bank of Egypt: Largest Egyptian commercial bank and a primary correspondent partner; provides Egypt-side coverage for trade finance and remittances connecting to Sudanese Egyptian Bank's Sudanese customer base.

Broad incumbents

• Qatar Islamic Bank: Largest Islamic bank in Qatar and a correspondent partner; provides corporate banking, trade finance, and FX services that parallel Sudanese Egyptian Bank's treasury and corporate offerings.
• Abu Dhabi Islamic Bank: Major UAE-based Islamic bank and correspondent partner of Sudanese Egyptian Bank; offers similar full Islamic product suite at much larger scale, serving as a benchmark and potential upstream partner.
• Al Rajhi Bank: Saudi Arabia's largest Islamic bank with extensive retail, corporate, and trade finance offerings; a relevant benchmark for Islamic banking product depth and operating scale.

Direct peers

• Bank of Khartoum: Largest Sudanese commercial bank with an extensive national branch network and correspondent relationships; competes directly with Sudanese Egyptian Bank for corporate and retail deposits in Sudan.
• Tadamon Islamic Bank: Parent company holding 70% of Sudanese Egyptian Bank since 2014; also a Sudanese Islamic bank offering corporate, retail, and Sharia-compliant financing products with overlapping customer segments.
• Al Baraka Bank Sudan: Sudanese subsidiary of Al Baraka Banking Group (Bahrain); provides Sharia-compliant corporate, retail, and investment banking with international correspondent network, overlapping with Sudanese Egyptian Bank's offering.
• Omdurman National Bank: Sudanese bank operating Islamic and conventional banking services with a strong Omdurman presence; competes for retail and SME customers in the same geographic footprint.
• Faisal Islamic Bank of Sudan: Sudanese Islamic bank affiliated with Faisal Group (UAE/Saudi Arabia); offers full Islamic banking products including Murabaha, Ijara, and trade finance, directly competing for Sudanese Islamic banking customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sudanese Egyptian Bank