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 loans in the coming months.
?We will provide for the financing needs of overseas-based Afghan nationals, as they look to repatriate money from around the world,? says John Haye, Afghanistan International Bank?s CEO.
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