Banks are one of the most important economic sectors in the country. Since all the money channels in the country are handled by the banks themselves, banks are of utmost importance for anyone or even for a company. For security reasons, banks are the preferred method of transferring money 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 began licensing, 17 banks with 5,000 employees have opened branches in Afghanistan. The Afghan economy has developed gradually over the last five years thanks to a steady inflow of foreign funds.
Best banks in Afghanistan
The central bank of Afghanistan is Da Afghanistan Bank. These are some of the best banks in Afghanistan.
Afghanistan International Bank
Afghanistan International Bank (AIB), based in Kabul, is Afghanistan's largest bank and the only bank in the country with international remittance capabilities to all nations of the world. There are 37 branches of the bank in major cities in the United States of America. AIB's shareholders include international shareholders, two Afghan business organizations and an Afghan-American business group. It targets multilateral organizations, UN agencies, non-governmental organizations (NGOs), embassies and foreign armed forces, as well as Afghan government institutions and private companies as clients. AIB House in Kabul is located on Hamid Karzai International Airport Road. Some of the bank's branches are located in Kabul, Mazar-e-Sharif, Kandahar, Jalalabad, Kunduz and Nimruz.
About 20 percent of Afghanistan's deposits are held by Afghanistan International Bank. According to the Wall Street Journal (in Afghanistan), one of America's best lenders.
Its main office is located in Airport Road, BiBi Mahro, Kabul, P.O. Box 2074.
Azizi Bank
Azizi Bank is one of the leading companies in the banking industry with a presence throughout Afghanistan in 31 provinces. The bank offers 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 .
Their main office is located at Ankara Square, Main Road, Kabul.
Bakhtar Bank
As the third largest bank in terms of assets, Bakhtar Bank follows the best international standards. In addition, the bank offers a full range of financial products and services, including checking and savings accounts, fixed/term deposits, safe deposit boxes and utility bill collection, as well as online and mobile banking and business loans and letters of credit , among others. A wholly owned subsidiary of Azizi Bank, Afghanistan's second largest banking group, Bakhtar Bank is the country's second largest financial institution.
Its head office is located in Sherpur Square District Number 4, Shahr-e-Now, Kabul.
These are some other banks in Afghanistan:
- Islamic Bank of Afghanistan
- Bank-e-Millie Afghan
- First MicroFinance Bank-Afghanistan
- New Kabul Bank
- Pashtany Bank
- Ghazanfar Bank
- Afghan United Bank
- National Bank of Pakistan Kabul Branch
- Kabul branch of Alfala Bank
Are Afghan banks open?
According to a media source, most Afghan banks have resumed operations, ending a nearly week-long disruption in financial services. Da Afghanistan Bank, the central bank of Afghanistan, has declared the resumption of financial activity.