New court trial for obtaining Kabul Bank loans

in Afghan Business

New court trial for obtaining Kabul Bank loans

Central Bank of the Afghanistan informed the public about the start of a court to attain unpaid loans of the New Kabul Bank.

Nurullah Delawari President of the Central Bank of Afghanistan said at a news conference today that the Commission assigned for resolving the issue of loans receipts are making efforts to of efforts and resolution of conflicts will continually work with special court that has been to obtain the loans issued to unauthorized borrowers.

Hamid Karzai had ordered last week to refer the case of financial fraud of Kabul Bank to the court.

While there are over 410 million dollars loans that are still unpaid, more than 128 million dollars of these loans have been collected.

The New Kabul Bank with the approval of the Council of Ministers would be put up for sale to private buyers by the end of August.

It is worth to mention that the total loans of Kabul Bank are 937 million dollars of 790 million dollars are unpaid loans, 235 million dollars are avowed loans and 145 million dollars are fixed assets that are obtainable.


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