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FOREIGN BANK IN AFGHANISTAN - 2003-09-17
Standard Chartered, the UK-based bank, and the First MicroFinance Bank of Afghanistan, majority-owned by the Aga Khan Fund for Economic Development (Akfed), will tomorrow receive licences to set up what will be the first commercial banking operations for a quarter of a century, Anwar-ul-Haq Ahady, the central bank's governor, said in an interview.
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Press Release
AKFED to Set Up Afghanistan'sFirst Microfinance Bank - 2003-09-18
Posted February 25th, 2010 by heritageThe Aga Khan Fund for Economic Development (AKFED) today received a banking licence for The First MicroFinanceBank (FMFB). The institution, with an initial capital of
US$ 5 million, will be the first of its kind to be established under the country's new regulatory structure.
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Recent Articles
Gulf News - FOREIGN BANK IN AFGHANISTAN - 2003-09-17
Posted February 25th, 2010 by heritageMore private banks eye Afghan licencesdomestic private banking sector to foreign operators who are allowed 100 per cent ownership in new banks while permitting international banks to enter its almost virgin market under its new banking law, said Dr. Anwar Ahady, governor of Afghanistan's central bank.
With $5 million minimum capital, investors can set up a private bank in Afghanistan, for which the process has been simplified, officials claimed.
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Aga Khan Fund to set up bank in Kabul - 2003-09-19
Posted February 25th, 2010 by heritageThe Aga Khan Fund for Economic Development (AKFED) on Friday received a banking licence for setting up The First Micro Finance Bank (FMFB) in Afghanistan.The institution, with an initial capital of $5 million, will be the first of its kind to be established under the country's new regulatory structure.
- Read more
- 5406 reads
AKFED to Set Up Afghanistan'sFirst Microfinance Bank - 2003-09-18
Posted February 25th, 2010 by heritageThe Aga Khan Fund for Economic Development (AKFED) today received a banking licence for The First MicroFinanceBank (FMFB). The institution, with an initial capital of
US$ 5 million, will be the first of its kind to be established under the country's new regulatory structure.
- Read more
- 6315 reads
Financial Times - FOREIGN BANK IN AFGHANISTAN - 2003-09-17
Posted July 9th, 2009 by heritageAfghanistan to grant licences to first foreign banks in yearsAfghanistan ratified new commercial and central banking laws yesterday and would issue its first operating licences to private-sector banks this week, the country's top banking official said.
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Aga Khan fund to open bank in Afghanistan - FOREIGN BANK IN AFGHANISTAN - 2003-09-17
Posted July 9th, 2009 by heritageThe Aga Khan Fund for Economic Development (Akfed) has been granted a licence to open a bank in Afghanistan.
The bank, now called The First Micro-Finance Bank (FMFB), has an initial capital of US$5 million and is the first to be established in Afghanistan under the new regulatory structure.
In a statement, Akfed, which is a majority shareholder in FMFB, said it was mobilising international resources to help create an institution focused on poverty alleviation with a strong regional presence.
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News Article | Gulf News - FOREIGN BANK IN AFGHANISTAN - 2003-09-17 | www.gulf-news.com/Articles/news.asp?ArticleID=98336 | |
News Article | Aga Khan Fund to set up bank in Kabul - 2003-09-19 | www.dawn.com/2003/09/20/ebr10.htm | |
News Article | Press Release | AKFED to Set Up Afghanistan'sFirst Microfinance Bank - 2003-09-18 | akdn.org | |
News Article | Financial Times - FOREIGN BANK IN AFGHANISTAN - 2003-09-17 | news.ft.com | |
News Article | Aga Khan fund to open bank in Afghanistan - FOREIGN BANK IN AFGHANISTAN - 2003-09-17 | East African Standard |