Mission Statement:
Afghanistan
Banks Association (ABA) is a non – political & non-profit association
formed by the local & foreign commercial banks branches striving for a
strong, healthy and competitive banking industry in Afghanistan,
representing the common interests of the banking sector. It is committed
to create an environment in which its member can work in coordination
with decision makers for promoting the financial services to the wider
public and advocating transparency and professionalism.
Back ground:
Prior to 2003 the banking sector in Afghanistan was
merely operational and formal economic activity in the country was minimal. By the end of 2003 the Central Bank (Da Afghanistan Bank) resumed the licensing process for the formation & establishment of new local & foreign commercial bank branches in the country.
It became apparent that the enlarging banking sector needed to organize itself and create an apex body representing all banks & to serve as its mouthpiece in the dialogue with DAB & other government & private sector institution.
Thus with the advice of DAB, the Afghanistan Banks Association was established in September 2004.
ABA initially started with eight member banks and has been playing a constructive role in bringing the Banking community together with a common goal of improving the functioning of the Banking system in Afghanistan.
At Present there are 14 licensed banks & all are members of the
Association.
Member Banks:
Da Afghanistan Bank (DAB ) has licensed (14) commercial banks
who are members of ABA:
-
Afghanistan International Bank
-
Azizi Bank
-
Arian Bank
-
Alfalah Bank Ltd
-
Bank-E-Millie
Afghan
-
BRAC Afghanistan Bank
-
Development Bank of Afghanistan
-
Export Promotion Bank
-
Habib Bank of Pakistan
-
Kabul Bank
-
National Bank of Pakistan
-
Pashtany Bank
-
Punjab National Bank - India
-
Standard Chartered Bank
-
The First MicrofinanceBank
Goal of the Association:
To promote, advance and protect the rights, privileges and interests of banks and financial institutions functioning in Afghanistan and to take such actions within the Afghanistan legal frame work in order to benefit the member licensed commercial banks in particular and as well as customers of banking communities in general.
Objective of the Association:
The main objectives of the Association shall be:
- To promote and protect the rights and interests of the member banks.
- To promote and protect the interests of the clients and customers.
- To build the capacity of the domestic banking industry, and to contribute to the improvement of the new banking systems by using media resources and launching public awareness campaign trough local media and awareness programs.
- To improve the awareness, image and salience of banking services amongst the general public and all those engaged in business and financial transaction.
- To promote sound and easily applicable of procedures and practice among the member banks.
- To raise the voice of banking community.
- To collect, classify and circulate statistics and information relating to banks and financial institutions functioning in Afghanistan.
- To promote and develop common policy amongst members of Association in relation to the staff.
- To award and grant scholarships, medals and prizes to brilliant students perusing education in the field of banking and finance in particular and other related discipline.
ABA Structure:
The Association comprises of the following bodies:
(a) The General Assembly
(b) The Management Board
(c) The Chairman
(d) The Vice-Chairman
(e) And the General Secretary
Every component of the Association got rights and duties according to the Articles of Association.
Fund of ABA:
The Association is an unprofitable organization financed from the membership fees and additional contributions of its members; and it can receive monetary donation and gifts in equipment and other technical items from domestic and foreign legal entities and associations.
Founder Members of Association:
- Afghanistan International Bank ( AIB)
- Habib Bank Limited ( HB Ltd) – Pakistan
- National Bank of Pakistan ( NBoP)
- Standard Chartered Bank ( SCB )
- Punjab National Bank India ( PNB)
- The First MicroFinanceBank ( FMFB )
- Kabul Bank ( KB)
- Pashtani Bank ( PB)
- Bank -E- Meilie Afghan ( BMA)
Honorary members of the Association:
The General Assembly of
ABA granted honorary membership to the followings bodies:
- The Governor of Da Afghanistan Bank
- The two deputy governors of Da Afghanistan Bank ( DAB) .
- Mr.Sharifullah Ibrahimee the deputy minister of custom Mof