In the Afghanistan capital Kabul, a new bank was opened which is led by ING-IGA, a part of the ING Group. The Afghanistan International Bank obtained a license last week and is the third bank this year to open its doors in Afghanistan.
The bank is an initiative of a syndicate of Afghan and American investors. ING will lead the Afghan bank in a combination with the Institutional Governmental Advisory (AGI) group for three years. They will deliver the top management, amongst which a CEO and a COO. The Afghan Bank has a market capitalization of US$ 10 million.
Related to this subject is an article in Europe Real Estate which covers an International Real Estate Fund for ‘School in Afghanistan’ where the real estate world is asked to help Afghanistan. You can find the article on our website www.europe-re.com. Click ´Editors Choice: Schools for Afghanistan´.
Source: Algemeen Dagblad/ De Financiële Telegraaf