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Pashtany Bank asset up by 15pc, recovers 77m afs loans

Pashtany Bank asset up by 15pc, recovers 77m afs loans

Feb 12, 2018 - 13:59

KABUL (Pajhwok): The Pashtany Bank has recovered 776 million afghanis loans and its assets have gone up by 15 percent during the ongoing year, an official said on Monday.

Abdul Aziz Babakarkhel, the bank’s chief, told Pajhwok Afghan News in an exclusive interview the loan recovery was the highest in the past three years.

The bank had recovered 340 million afghanis in 1395 solar year and 397 million afghanis in 1394, he revealed, hailing customer deposits as a huge achievement during the ongoing year.

“The bank’s properties have gone up by 15.15 percent and customer deposits by 17.36 percent during the year,” the official said.

Babakarkhel added around nine cases of letters of credit amounting to more than $ 9.7 million dollars -- or 97.2 million afs -- were disposed of and 236 banking guarantees -- 124.3 million afs -- issued.

During the year, the bank also recorded more than 306 afs net profit and made another 277.3 million afs through participation in central banknote capitals, he explained.

Efforts were underway to strengthen ties with the US-based Citibank, Oxus Bank, ICICI Bank, Baroda Bank, State Bank of India, HDFC Bank and YDIB Bank for investments and international money transfers, he continued.

Babakarkhel said his bank had cleaned about one and a half billion paper notes in the current year. “Coloured and old banknotes are quarantined and new ones distributed to customers. The quarantined bills have been sent to Da Afghanistan Bank”

He announced most of the properties pledged to the bank had been vacated and clearance of deals reached more than 30 years was being pursued seriously.

In the solar year 1396, Pashtany Bank opened branches in Gul Bahar Centre, Baharistan, Rahman Baba Mena and Sara-i-Shahzada, with all systems of information technology.

Similarly, bank offices have been set up in Gul Bahar Centre, Deh Mazang, Mirwais Maidan and Micro Ryan areas to further improve token machine services.

According to Babakarkhel, they have constituted management and discipline, as well as procurement committees to resolve problems and bring transparency to their work.

“People have been employed based on experience and through transparent competition. By the same token, semi-higher and higher education institute students have been provided with employment and training opportunities.”

Changes had been brought to the bank’s statute, which was not amended in years, to accelerate work and ensure effectiveness, Babakarkhel concluded.