Banks are one of the most important parts of the country’s economy. As all the money trail in the country will be handled by the banks themselves Banks are highly essential to everyone, or even to a company. For the sake of security, banks are the preferred method of transferring funds and conducting transactions or saving money. Reputable banks in Afghanistan offer a variety of different services, including low-cost loans.
Since 2003, when the Afghan Central Bank started licencing, 17 banks have opened offices in Afghanistan, creating 5,000 employment. Afghanistan’s economy has been developing gradually for the past five years, thanks to a steady inflow of foreign funding.
Some of the Best banks in Afghanistan:
Located in Kabul, the Afghanistan International Bank (AIB) is Afghanistan’s largest bank and the country’s sole bank having international transfer capabilities to all nations in the world. There are 37 branches of the bank located in the major cities of the United States of America. International stockholders, two Afghan business organisations and one Afghan/American business group are among AIB’s shareholders. It targets multilateral organisations, UN agencies, non-governmental organisations (NGOs), embassies and foreign armed troops as well as Afghan government institutions and private enterprises as clients. Kabul’s AIB House is located on the Hamid Karzai International Airport Road. A number of the bank’s branches are located in Kabul, Mazar-e-Sharif, Kandahar, Jalalabad, Kunduz and Nimruz.
Approximately 20 per cent of Afghanistan’s deposit base is held by Afghanistan International Bank. One of America’s top lenders, according to the Wall Street Journal (in Afghanistan).
Head Office: Airport Road, BiBi Mahro, Kabul, P.O.Box 2074
Azizi Bank is one of the leaders in the banking industry with a pan Afghanistan presence across 31 provinces. The Bank provides a wide range of financial products and services including savings and current accounts, term deposits in Afghani and USD, credit cards, money exchange services, local and international remittance facilities, letters of credit, internet and mobile/SMS banking, among others.
Head Office: Ankara Square, Main Road, Kabul
As the third-largest bank in terms of assets, Bakhtar Bank follows the finest international standards. In addition, the Bank offers a comprehensive range of financial goods and services including current and savings accounts, fixed/term deposits, safe deposit lockers and energy bill collection, as well as online and mobile banking as well as business loans and letters of credit, among others. As a completely owned subsidiary of Azizi Bank, Afghanistan’s second-biggest banking group, Bakhtar Bank is the second-largest financial institution in that country.
Head Office: Sherpur Square District # 4/ Shahr-e-Now – Kabu