Bank of Khartoum Resolves Rumors: Bankak is and will remain in service

The announcement issued by the de facto authorities in Port Sudan regarding the severance of ties with the United Arab Emirates (UAE) has sparked widespread concern amongst users of “Bankak” application, affiliated with the Bank of Khartoum, especially given that Gulf investors own a significant amount of shares in the bank.

Dubai Islamic Bank topped the list of shareholders with (42%), prompting some to demand withdrawals and switch to alternative platforms. Experts believe the decision could have dire economic consequences, calling for efforts to avoid any possibility of commingling politics with banking interests.

On the other hand, Bank of Khartoum announced that the “Bankak” banking service is still, and will remain in service, denying rumors about the service being discontinued. The Bank of Khartoum indicated that it will continue to provide services to its customers.