The banking sector is important to the growth of a country. Banks are financial institutions that provide commercial services such as lending, deposits, wealth management, investment banking, etc. to their customers. Some like the Central Banks regulate monetary policies, and foreign currency exchange, amongst others. Although this is specific to certain banks. Different types of banks such as retail, commercial, central, and cooperative exist. They help grow the economy of their host countries through local and international business transactions. Not only that, but these institutions are also sources of employment too. Examples of some banks operating within the territory include Afghanistan International Bank, Azizi Bank, Bakhtar Bank, and New Kabul Bank, amongst others.
If you are considering working in a bank, require information on the best bank to open an account with, or want to do business with any bank here, this article is right for you. Listed here are six of the top banks currently operating in this Asian city.
Six Top Banks in Afghanistan
There are fourteen (14) banks in the country, and below are the six best banks you can deal with. Some are central, commercial, retail, etc.
Afghanistan International Bank
Shorten as AIB, it is the leading bank within the territory. This bank provides business, consumer, corporate, and Islamic banking services. With numerous branches across the Islam nation, it employs hundreds of workers both locally and abroad across the provinces to cater to the needs of all its customers. Customers receive services such as savings and investment management, no-interest loans, SME banking, and foreign exchange services.
As one of the leading banks in the industry with a pan-Afghanistan presence in 31 provinces, it offers a variety of financial products and services such as savings and current accounts, deposits in Afghani and USD, credit cards, foreign currency exchange services, local and international remittance facilities, letters of credit, internet, and mobile/SMS banking, et cetera. It is the second-largest bank Group in the nation.
This bank is the third largest bank here in terms of assets, according to the best international standards. As with other banks, it offers its customers various financial products and services such as current and saving accounts, fixed/term deposits, safe deposit lockers, electric bill collection, internet, and mobile banking, business loans, letters of credit, etc. It is a subsidiary of Azizi Bank, one of the biggest banks here.
Also known as BMA, it is owned by the state. The first financial institution was founded within the territory in 1933. Presently, this bank has 15 branches in the capital city, Kabul, and 21 branches in other provinces. With its numerous employees, it serves millions of customers living in the Islamic state. This bank provides innovative products such as internet and mobile app banking. As an icon in the banking sector, and with its impressive international presence, it tops other banks in the country’s banking industry.
It is known to be one of the strongest commercial banks here. This bank functions as an international financial banking institution and is a strong promoter of economic growth and business prosperity in the economic reconstruction process of the Islamic Republic of Afghanistan. It has branches scattered across the provinces and an international presence in foreign countries. The bank renders numerous products and services such as lending, investment banking, wealth management, SMEs, et cetera.
New Kabul Bank (NKB)
This is one of the biggest commercial banks. It operates and provides services for citizens through a wide network of more than 110 branches plus a technical and supporting office in Dubai with a professional and experienced cadre. It is the principal agent for western union Money transfers here. The Ministry of Finance is the only shareholder of the bank.