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 Kabul Bank

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updated Thu. July 11, 2024

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The project, to be implemented by the Ministry of Finance, will contribute to the modernization, transparency, and efficiency of the three Afghan state-owned banks: New Kabul Bank, Bank Millie Afghan and Pashtany Bank, and will modernize their IT infrastructure and develop sustainable business models ...

The project, to be implemented by the Ministry of Finance, will contribute to the modernization, transparency, and efficiency of the three Afghan state-owned banks: New Kabul Bank, Bank Millie Afghan and Pashtany Bank, and will modernize their IT infrastructure and develop sustainable business models ...
(MENAFN - Pajhwok Afghan News) KABUL (Pajhwok): A former central bank governor has penned a comprehensive book on the 2010 Kabul Bank scandal that sparked ... Abdul Qadeer Fitrat, also an ex-consultant with the International Monetary Fund, gas written the book titled The Tragedy of Kabul Bank.
In 2010 Kabul Bank collapsed after a spree of insider loans to shareholders, including a brother of the then president, and a run on the bank. Nearly $1bn was stolen, mostly money that had been deposited there by foreign donors. (As a comparison, the entire economy produced only around $19bn in 2016.) ...
“We went to Khost to get our salaries from the New Kabul Bank branch there, but there was some problem in the system. Bank staff told us we should come later, but we could not stay in hotels because we have no money,” he said. Ghulam Hazrat Wolesmal, principle of the Shah Qambar High School, also ...
In volatile, war-torn Afghanistan, neither option appeals. Money has to be kept secure somehow, but a bad bank might make off with its depositors' money. In 2010 Kabul Bank collapsed after a spree of insider loans to shareholders, including a brother of the then president. A central-bank bail-out cost ...
A suicide bomber has blown himself up at a bank in the Afghan capital, killing at least five people and wounding several others, officials say. The bomber hit the entrance to a Kabul Bank branch close to the US embassy and the city's main diplomatic quarter, Najib Danish, an interior ministry spokesman, ...
Shah Mahmood, a resident of Sharana, the provincial capital, said there was only one bank branch in the city and that was the New Kabul Bank. “Tens of military and civil servants wait for long hours outside the New Kabul Bank Branch and sometimes due to technical issues and rush, customers are not ...
Afghanistan blast: 34 dead in suicide car bombing outside Kabul bank, Taliban claims responsibility ... Dozens of wounded people were rushed to hospital on makeshift stretchers after the bombing at New Kabul Bank which upturned vehicles, left the area littered with charred debris, and sent a plume of ...


 

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