BDSF Strategic Plan |
Our vision
To be the best in protecting depositors and participate in the
stability of the banking & financial system
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Our Values
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Takaful
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Transparency
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Continuous improvement
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Persistence
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Teamwork
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Credibility
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Our mission:
Participation in stability and soundness of banking and financial system through:
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Protecting depositors,
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Managing and developing mutual ( Takaful) funds in accordance with Sharia principles,
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Monitoring & evaluation of banking risk
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Carrying out Liquidation procedure when
necessary.
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Strategic Goals:
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Increasing public awareness about the Fund and deposit guarantee scheme.
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Improving the capabilities and readiness of the fund in protecting and reimbursing depositors.
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Building a risk management system to follow up banking and financial soundness.
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Empowering the Fund's role as a liquidator.
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Effective participation in international and regional deposit insurance associations and forums.
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Strategies
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- Excellence /total quality management
The business excellence model developed by the European
Foundation for Quality Management (EFQM) is among the most
powerful tools to improve the effectiveness , efficiency and
quality of organizations to realize their mission and goals.
The model is adopted by the Sudan as an official framework to
improve the effectiveness of public organizations. Recently,
it is adopted by the Union of Sudanese Bank as a general framework to enhance the performance of banks.
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- Benchmarking
Benchmarking is a continuous process of measuring products, services and processes of organizations compared to the industry leaders or best practices. It is the process of continuously emulating the best. The main objective is to establish performance gaps between our performance and the in best in class deposit insurance schemes, then fill the gaps by developing goals and strategies.
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- Information Technology
The banking system is among the most technology –driven industries. Almost all the operations of banks are managed via information technology and networks to increase their efficiency and competetiveness. As the fund is directly involved in monitoring and evaluation of banks , information technology is of crucial value. Different models do exist to assess the riskiness, efficiency and soundness of banks. These models provide the funds with an early warning indicators that can be used to manage banking risks.
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