Question 1

What is Afghanistan International Bank?

Accepted Answer

Afghanistan International Bank (AIB) is the largest commercial bank in Afghanistan, with its head office in Kabul. Founded in 2004 with support from the Asian Development Bank, AIB is the only Afghan bank offering international transfer services to all countries. The bank operates 37 branch offices across major cities in Afghanistan and holds approximately USD 790 million in deposits, representing about 20% of Afghanistan's deposit base. AIB has received multiple international recognitions, including being named The Banker magazine's "Bank of the Year, Afghanistan" for seven consecutive years from 2012 to 2018.

Question 2

When was Afghanistan International Bank founded?

Accepted Answer

Afghanistan International Bank was founded on March 4, 2004, with support from the Asian Development Bank. The bank was established with a major objective to assist in developing the Afghan economy and to conduct business in accordance with international standards of governance and integrity. AIB opened its doors during a critical period in Afghanistan's economic development, combining international expertise with intimate local knowledge to serve the country's diverse financial needs.

Question 3

Where is Afghanistan International Bank headquartered?

Accepted Answer

Afghanistan International Bank is headquartered at AIB House, located in Third Microryan, Hamid Karzai International Airport Road, Kabul, Afghanistan. The bank completed construction of its new head office building in November 2018, with staff moving into the modern facility in December 2018. This new building reflects the important position AIB holds in Afghanistan's banking system.

Question 4

Where does Afghanistan International Bank operate?

Accepted Answer

Afghanistan International Bank operates throughout Afghanistan with 37 branch offices in all main business centers across the country. The bank has branches in major cities including Kabul, Mazar-e-Sharif, Herat, Kandahar, Jalalabad, Kunduz, Pole-e-Khumri, Helmand, Nimruz, and Khost. AIB has strategically positioned its network to serve clients in both urban centers and provincial capitals, ensuring comprehensive coverage across Afghanistan's major commercial regions.

Question 5

What services does Afghanistan International Bank offer?

Accepted Answer

Afghanistan International Bank offers comprehensive commercial wholesale banking services including corporate accounts, savings and demand deposits, trade finance (Letters of Credit, Bank Guarantees), international money transfers, foreign exchange services, US dollar clearing services, direct payment accounts with banks in major trading partner countries, internet banking, ATMs, fast-deposit and pay-in counters, interactive teller machines (ITMs), and lending products for traders and entrepreneurs. The bank operates extended hours at select branches (8am to 8pm) in Kabul, Mazar, Herat, and Kandahar. AIB also offers specialized services for multilateral organizations, UN entities, NGOs, embassies, foreign military forces, and Afghan governmental institutions.

Question 6

What makes Afghanistan International Bank unique?

Accepted Answer

Afghanistan International Bank is distinguished as Afghanistan's largest bank and the only Afghan bank with international transfer capabilities to all countries. AIB holds approximately 20% of Afghanistan's entire deposit base with USD 790 million in deposits. The bank has received international recognition as The Banker magazine's "Bank of the Year, Afghanistan" for seven consecutive years (2012-2018). AIB maintains extensive correspondent banking relationships with major international financial institutions including Citibank (as their partner in Afghanistan through Citi Worldlink membership) and banks in Commonwealth of Independent States (CIS) countries. The bank pioneered interactive teller machines (ITMs) and extended banking hours in Afghanistan, demonstrating its commitment to customer service innovation.

Question 7

What type of financial institution is Afghanistan International Bank?

Accepted Answer

Afghanistan International Bank is a commercial wholesale bank operating as a for-profit institution licensed and supervised by Da Afghanistan Bank (the Central Bank of Afghanistan). The bank functions as Afghanistan's premier commercial bank with a mixed ownership structure including international shareholders, two Afghan business groups, and one Afghan/American business group. AIB operates under international corporate governance standards with a Board of Supervisors, executive management team, and comprehensive compliance and risk management frameworks. The bank adheres to international best practices in anti-money laundering, "know your customer" protocols, and financial management.

Question 8

How does Afghanistan International Bank support international trade?

Accepted Answer

Afghanistan International Bank has established itself as the leading facilitator of international trade and cross-border transactions in Afghanistan. The bank maintains correspondent relationships with major banks in key trading partner countries and regions, enabling clients to conduct business globally. AIB provides US dollar clearing services and has opened direct payment accounts with banks in major trading partner countries in the region to serve customers' payment needs efficiently. Management has expanded correspondent relationships to enable payments to virtually all Commonwealth of Independent States (CIS) countries. Through its membership in Citi Worldlink as Citibank's partner in Afghanistan, AIB provides seamless access to global financial networks for its clients.

Afghanistan International Bank

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About Afghanistan International Bank in Afghanistan

Afghanistan Intern­ational Bank