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President Ghani issues decree to reopen the Kabul Bank scandal case

On his second day of presidency, Dr. Ashraf Ghani Ahmadzai issued a decree to reopen the Kabul Bank scandal case. This comes after he announced that curbing corruption was at the top of his presidency agenda, and insisted that graft

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USD 50mn of Kabul Bank loans to be recovered in a fortnight

Da Afghanistan Bank (DAB), central bank of Afghanistan, announced Wednesday that Kabul Bank loans worth USD 50mn would be recovered in the next two weeks through the auction of defaulters’ property. Kabul Bank, Afghanistan’s first private bank, was on the

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Karzai and Fahim have not paid back their loans- Kabul Bank Tribunal

Kabul Bank special tribunal claim that two of the shareholders of the former Kabul Bank- President Hamid Karzai’s brother, Mahmoud Karzai, and deputy president’s brother, Hassin Fahim- still owe money to the bank. The two shareholders, however, deny the allegations

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First court session on Kabul Bank’s case ends inconclusive

The first public hearing of Kabul Bank’s case was held in Kabul on Wednesday. After 16 months of negotiations and controversies over the case of Kabul Bank, its first public hearing ended without a result. The court officials say they

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New Kabul Bank will be handed in to the private sector in a transparent manner

The next conference for the purpose of determining the New Kabul Bank’s buyer is awaited to be held in Dubai. Ministry of Finance says that domestic and foreign investors and entrepreneurs will be participating in this conference. Noorullah Delawari, Governor

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New Kabul Bank bidding process set in motion

As per the decision of the Cabinet on privatizing Kabul Bank, Afghanistan’s central bank in collaboration with the Ministry of Finance set in motion the bidding process for the New Kabul Bank. Both Afghan and foreign investors will take part

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Hundreds of million dollars of loans returned to the Kabul Bank

Kabul Bank officials reported that USD 186mn of loans has been returned to Kabul Bank in the form of cash and property. Undocumented loans worth USD 980mn were give out two years ago which led to the downfall of the

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