The Economist: Founded in 2004, AIB is now the largest private bank in Afghanistan, holding one-fifth of the country’s deposit base. And it is also the most profitable. It is so trusted that it does not even pay interest on its deposits. Click here to read more (external link).
The Economist: Economists think of the opportunity cost of money as one reason to hold a bank deposit: rather than skulk under a mattress, cash could earn interest. 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. Click here to
Tolo News: The Central Bank of Afghanistan said Saturday that after five years Afghanistan has finally been removed from the gray list, of countries with questionable banking systems, by the Financial Action Task Force(FATF). Officials at the Central Bank said Afghanistan has fulfilled all FATA conditions in order for it to be removed from the list.