Afghan Biographies

Afghanistan International Bank AIB


Name Afghanistan International Bank AIB
Ethnic backgr.
Date of birth
Function/Grade Background and Shareholders
History and Biodata

Chief executive of Afghanistan International Bank: 
Khalil Sediq, he is also the chairman of the Afghanistan Banks Association.(20130613)

 

AIB (Afghanistan International Bank; set up by four shareholders:

Asia Development Bank,
Afghan Investment Partners Corporation, one of the
Mohib Group’s companies, and a company of the
Rahmat Group.

Afghanistan International Bank:
Headquarters: Shahr-e-Naw, Haji Yaqoob Square
Shahabudin Watt, Kabul – Afghanistan
Phone: +93 (020) 255 0 255
CEO: Mr. Khalilullah Sediq
Employees: 410
Website: http://www.aib.af

Background:
Afghanistan International Bank “AIB” which commenced operation on March 2004 is the first private bank in the country promoted by multilateral development finance institutions and some of the prominent business houses of the country headquartered at Kabul.

Afghan Wireless Communication Company (AWCC), Kam Air, Afghanistan International Bank (AIB), Saladin Security Company, Alokozay International Limited, Alokozay non-alcoholic beverage company, Automotive Service and Yenco Limited Construction Company (VICC) were awarded as best large taxpayers in Continental Hotel in Kabul. (20170502)

More Background Afghanistan International Bank (AIB):
CEO: Khalilullah Sediq
Employees: 257

AIB shareholders include: - Asian Development Bank (ADB), a multilateral development finance institution. - Afghan Investment Partners Corporation, a leading investment company in Afghanistan. - Horizon Associates LLC, an investment company of the Mohib Group, a substantial commodities trader in the region. - Wilton Holdings Ltd., part of the Rahmat Group, active in both Pakistan and Afghanistan focusing on the production of textiles, fruit processing and trading operations. 2010 the board of directors has seven members three of whom are independent, with hands off approach to the bank’s day to day operations. Independent directors of the bank include: Mr. Ronald Stride - Previously Managing Partner for Booz Allen and Hamilton Asia Ms. Veronica John - CEO of an Emerging Markets Private Equity Fund (Singapore) Mr. H. Azizi - Retired senior Afghanistan banker Afghanistan International Bank (AIB), which commenced operation on March 2004, is the first commercial bank in the country promoted by multilateral development finance institution and some of the prominent business houses of the country headquartered at Kabul, the capital city of Afghanistan.

AIB has 16 branches (seven planned to open in 2010, bringing the total to 23) giving it presence in all main business areas covering, north-south-east-west of the country. AIB has a customer base of over 26,000. AIB’s business units comprises of Corporate, Retail, E-Banking (POS, ATM, Mobile Banking, Internet Banking) and Treasury services. The bank offers a variety of products and services under the Retail Banking such as current accounts, savings accounts, term deposits, payroll services, debit cards, web surfer cards, payment services and internet banking services. AIB also pays special attention to its corporate customers through its Corporate Banking Services, which comprises of an array of customized banking solutions tailor-made according to the needs of its corporate customers in Afghanistan. These services include Cash Management, Trade Finance, Loans, Foreign Exchange and Treasury services. Corporate Governance has been and continues to be a major focus for AIB. As part of its investment in strong governance, AIB is enhancing its AML monitoring system that is compliant with the international standards. AIB’s strategy is to build a sustainable foundation based on prudent growth and risk management, while adhering to the highest level of corporate governance. AIB’s growth strategy is evident in its 2009 year end results.

Citibank announced October 13, 2010 in New York, that its Global Transaction Services business, entered into a banking agreement with the Afghanistan International Bank (AIB) headquartered in Kabul for AIB to serve as Citi’s correspondent in Afghanistan.

Afghanistan International Bank (AIB) Headquarters: Shahr-e-Naw, Haji Yaqoob Square Shahabudin Watt, Kabul – Afghanistan Phone: +93 (020) 255 0 255 Website: http://www.aib.af

Last Modified 2017-12-15
Established 2011-05-15