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Kru Capital purchases New Kabul Bank for USD 28.5mn

in Afghan Business

Kru Capital purchases New Kabul Bank for USD 28.5mn

Afghan Ministry of Finance (MoF) have reported that the New Kabul Bank has been purchased for USD 28.5mn by Kru Capital whose technical offer received 80 marks.

The winner initially appeared to be CBGI who had offered USD 21 million; however, the Treasury Department of the MoF announced that the Crow Capital bid had been recorded wrong.

The irregularity in the bidding process has raised questions about the transparency in the bidding process.

“Crow’s Capital is the best offer we have received. USD 28.5mn is the highest offer and we congratulate Crow Capital,” said Head of MoF’s Treasury Department Mohammad Agha Kohistani.

 The offer will be sent to the Council of Minister who will then announce the final winner for the bid.



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