Maiwand Bank is a Commercial Bank in Afghanistan, established and commenced Banking Business from 1st January, 2009, promoted by Afghan Nationals and managed by International Banking professionals. Within the short span of 12 months, the Bank has a Branch Net Work of 18 branches with US $ 67 Million Business level. Another 7 branches will be opened. Further licenses for opening of 12 more branches are under process. Thus targeted Net Work of branches by end of First year (Dec. 2009) of operations is 37. Also, the Da Afghanistan Bank (the Central Bank) has issued No Objection Certificate for opening of an Overseas Branch in Tajikistan.Maiwand Bank expects to have this branch operational in the very near future.
Board of Management:
1. President & CEO : Chairman of the Board of Management .(duly approved by DAB)
P V V Rama Raju � B.Com, L.L.B, L.L.M, CA-IIB, PG-Taxation, IRDA, AMFI, NCFM. Indian National.
2. Chief Operations Officer: Member of the Board of Management.(duly approved by DAB)
Mr. Bipul Dutta, B.Sc, CA II, Indian National
3. Chief Credit Officer : Member of the Board of Management (duly approved by DAB)
Mr. G Devadas, M.Sc, CAIIB, Certified in Risk Management, Indian National
4. Chief Finance Officer : Member of the Board of Management (Duly approved by DAB)
Mr. Alok Kumar Aggarwal (MBA, AIII, Hons. Diploma in Network Centered Computing), Indian National
Chief of Audit Committee of Maiwand Bank ( Duly approved by DAB):
Mr. S Satyamoorthy, Retd. Deputy Controller & Auditor General of India.
Chief Internal Auditor Independent Audit Advisor to the Board (Duly approved by DAB)
Mr. Muhammad Abdul Basit (ACA, CIA, CFC, APA) Pakistani National
Senior Advisor to the Board of Supervisor
Maiwand Bank appointed Mr P K Khanna, well qualified and internationally experienced banker as a Senior Advisor to the Board. Indian National.
Chief Compliance Officer� Independent reporting to DAB / FINTRACA (Duly approved by DAB)
Mr Mohammad Azhand Naim Kabeer � B A (English), DBA
Dr. Fraidoon Noorzad – Chairman & Managing Director ( B o S )
Dr. Fraidoon Noorzad, an Afghan national, is the founder of Maiwand Bank with more than 50 % stake in the equity capital of the bank. Dr. Fraidoon Noorzad was graduated from Kabul Medical university in the year 1987 in the faculty of medicine. After a successful professional career in the field of medical, he shifted himself into business of money exchange in the year 1997 and in 1998 he became a partner in Shaheen Exchange, Dubai. With the beginning of the new Government in Afghanistan, he started concentrating in the business opportunities and began his association with Kabul Exchange and later on joined as Deputy CEO with Kabul Bank, one of the leading and fastest growing private bank in Kabul. During this tenure with Kabul Bank, he acquainted himself with banking laws and regulations and proved as dynamic leader. He then was picked up by the management of Azizi bank and offered with the position of Deputy. CEO. He also got a long association with the Afghanistan International Chamber of Commerce
Dr Fraidoon Noorzad had been elected as Chairman and Managing Director of the bank by the share holders of the bank and inducted to the Board of Supervisors as a representative of share holders to hold the above position in the Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank.
Dr. Ferozuddin Feroz - Member of Board of Supervisors.
Dr. Ferozuddin Feroz, an Afghan national, is a qualified and well experienced in the field of medicine. He had held various prestigious positions in the Government of Islamic Republic of Afghanistan includes as a technical Deputy Minister of Health from Jan 2002 to Dec 2004 and also associated with the World Bank, Afghanistan on various projects. Dr. Ferozuddin Feroz had been elected by the share holders of the bank and inducted to the Board of Supervisors as an outsider of share holders to hold the position as member of Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank.
Mohamed Ismail – Member of Board of Supervisors.
Mohamed Ismail, is a qualified and professional banker with more than 40 years of international banking experience. Ismail held various key positions in his long banking career as COO for First Micro Finance Bank, Kabul from 2004 to 2010 and recently retired from First Micro Finance Bank. During his tenure in Afghanistan for a period of 6 years, he played key role with a constructive contribution for establishing sound banking system in Afghanistan in general and for First Micro Finance Bank in particular. Mr Ismail, based on his qualification and experience, had been elected by the share holders of the bank and inducted to the Board of Supervisors as an outsider of share holders to hold the position as member of Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank. Mr Ismail has replaced Mr Muslimul Haq an Ex Member of Board.