English | دری

Economic analysts ask for solution to New Kabul Bank issue

in Afghan Business

Economic analysts ask for solution to New Kabul Bank issue

A number of economic analysts have called on the Afghan government to find a permanent solution to the New Kabul Bank issue.

There are different options-privatizing the bank, terminating it or making it a full state run bank-, said economic analyst Haseebullah Mauhid.

This comes after Integrity Watch Afghanistan reported on Saturday that the New Kabul Bank has lost USD 65mn in the past six years.

The Finance Ministry has not yet commented on the amount of the money lost but has confirmed that the bank is running at a loss.

The Afghan government seized Kabul Bank in 2010 and bailed it out at USD 825mn to overcome the crisis that pushed Afghanistan’s banking system to the brink of ruin.


Tags assigned to this article:
New Kabul Bank

Related Articles

Afghanistan's mineral sector can generate USD 1bn a year by 2020

By Cheryl Pellerin American Forces Press Service A high-tech mineral-mapping effort nearly complete in Afghanistan and the first of its

US To Increase Assistance For Reconstruction Process In Daikundi

US Embassy officials gave their commitment to continuing their contribution towards the reconstruction process in Daikundi. The financial assistance would

Afghan passengers complain about extra security checks at Kabul Airport

Air India and Pakistan International Airline reportedly take extra security precautions for Afghan passengers at Kabul International Airport. Afghan Transport

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*