Portfolio company Sigma Ratings has awarded BOK a 'BBB+' rating with a Positive Outlook. This marks the first rating Sigma has issued on behalf of a financial institution in Africa.
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Bank of Khartoum Receives 'BBB+' Rating with Positive Outlook for its Financial Crime Compliance
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Stuart Jones, Jr., CEO of Sigma Ratings stated, "BOK's decision to conduct a rating demonstrates a strong commitment to transparency, good governance and robust financial crime risk management. Electing to pursue a rating allows BOK the ability to differentiate and demonstrate that it is performing at a high level despite the inherent risk of its jurisdiction. We commend the bank on its decision, as well as its "BBB+" rating which places it in the 'Industry Leader' quartile of our evaluation model." BOK is Sudan's leading Islamic Bank offering its customers a full range of innovative financial products and services. It is also the oldest bank in the nation; celebrating its 100th year of serving the Sudanese people in 2013.
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