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Private banking sector sees significant growth, says DAB
Da Afghanistan Bank (DAB) announced on Saturday that there has been a significant improvement in the financial and economic condition of the country’s private banks.
According to officials at DAB, the country’s central bank, over the past year, the assets of the country’s private banks have increased by 15 billion afghanis, and in addition to a 71 percent rise in financial resources compared to the previous year, bank guarantees worth nearly 22 billion afghanis have also been issued.
They added that a total of 12 banks are currently operating in the country: three are state-owned, two are representative offices of foreign banks, and the remaining seven are privately owned.
“Over the past year, bank guarantees worth nearly 22 billion afghanis have been issued. We are striving to bring significant progress to the banking sector so that it aligns with international standards. Over the past year, we have also succeeded in reducing banking restrictions,” Hasibullah Noori, spokesperson for DAB.
Meanwhile, some private sector members, while recognizing improvements in banking services, have urged the central bank to intensify its efforts in expanding the banking sector and promoting electronic banking to ensure greater speed and transparency.
“The condition of Afghanistan’s private banks has improved compared to three years ago. Banking services are now available to people across the country, and this process continues to expand,” said Zabihullah Nazari, a member of the Chamber of Industries and Mines.
However, some economic analysts, while acknowledging the importance of the banking sector’s activities in the country, have noted that Afghanistan’s private banks still face challenges in dealing with customers in certain areas. They have called for increased oversight of private banks’ operations.
Officials from the central bank emphasized that they provide organized services to private banks across the country and are working to deliver standardized financial and banking services to the nation’s citizens.
The cabinet of the Islamic Emirate of Afghanistan (IEA) has approved a report on the spending of the national development budget, following deliberations at its 14th meeting chaired by Prime Minister Mullah Mohammad Hassan Akhund.
According to a statement issued by the Arg on Tuesday, the cabinet endorsed the development budget expenditure report and instructed relevant ministries and departments to ensure that allocated funds are spent on planned projects in a timely manner and in line with approved development plans.
The meeting also reviewed a range of key economic, social and cultural issues. Cabinet members emphasized the need for proper implementation of development activities and adherence to established timelines.
In addition, discussions were held on challenges facing refugees, with relevant authorities directed to identify and implement appropriate solutions to address their concerns.
Sadin Ayyıldız, the new head of Turkey’s diplomatic mission in Kabul, met in an introductory visit with Amir Khan Muttaqi, the Foreign Minister of the Islamic Emirate, to discuss the development of bilateral relations between the two countries.
During the meeting, Ayyıldız described relations between Afghanistan and Turkey as positive and emphasized the expansion of cooperation in economic and health fields, the Afghan Foreign Ministry said in a statement on Tuesday.
Muttaqi also wished Ayyildiz success, described Turkey as a close friend of Afghanistan, and assessed bilateral relations as being on a path of progress.
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Afghan, Indonesian sports officials discuss expanding cooperation
Indonesian officials said the deputy minister plans to visit Afghanistan in the future to further advance cooperation.
Ahmadullah Wasiq, head of Afghanistan’s National Olympic and Physical Education Committee, met Indonesia’s Deputy Minister of Youth and Sports, Taufiq Hidayat, during an official visit to Indonesia held alongside the Asian Cup competitions.
The talks focused on strengthening sports cooperation, including improving access for Afghan athletes living in Indonesia to local leagues and training camps.
Hidayat described the meeting as a positive step toward closer sporting ties and stressed the need for continued engagement.
Afghanistan’s ambassador to Indonesia, Saadullah Baloch, also attended the meeting, highlighting the role of sports diplomacy in bilateral relations. Indonesian officials said the deputy minister plans to visit Afghanistan in the future to further advance cooperation.
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