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May 2004

New bank for Kabul

by Mark Brown




Afghanistan International Bank, owned by a consortium of Afghan and US investors and managed by ING?s Institutional and Government Advisory group (ING-IGA), has opened for business in Kabul.

The bank will start by providing inward and outward remittance facilities, cashier services, and current accounts for Afghan customers. It wants to move into trade finance and short-term and medium-term corporate...


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