Afghanistan International Bank

Afghanistan International Bank (AIB) is a local commercial bank in Afghanistan, with its head office in Kabul. The bank has seven branch offices in the major cities of the country. [http://www.aib.af/public/template.aspx?mid=154&langID=en] AIB has international shareholders, two Afghan business groups, one Afghan/American business group and the Asian Development Bank.

AIB operates primarily as a commercial wholesale bank and targets, among others, multilateral organizations, UN entities, NGOs, embassies, foreign military forces, Afghan governmental institutions, foreign and domestic companies, to become their clients.

Opened in 2004, AIB is one of the first home-grown Afghan commercial banks to be set-up in the last 23 years. The bank operates from AIB House, which is located in Wazir Akbar Khan district of Kabul City. Bank has its branches in Mazaar-e-Sharif, Herat, Kandhar, Jalalabad and Kabul city.

Afghanistan International Bank was initially capitalised at US $10 million and has now grown to US $80 million. It aims to become a model bank in Afghanistan, established and managed in accordance with international best practice.

AIB evolved into a fully operational commercial bank, offering a broad range of products and services including access to ATMs and Internet banking for local and foreign customers.

The bank provide trade finance services, payment transfers and take deposits from small and medium sized enterprises. The bank also offers lending products for both foreign corporations and local small and medium sized enterprises.

References

* [http://www.aib.af/ Official website]