AZIZI Bank is a commercial bank and was set up in Afghanistan on 13 June 2006 in compliance with the terms of the licensing policy of the Da Afghanistan Bank, the Central Bank of the country. It has steadily grown to expand its network to seventy-four branches spanning not just the capital city of Kabul, but also the difficult to access interior provinces. It has over 250,000 customers and manages funds worth more than USD 400 million. The bank now enjoys the position of being the leading bank with the largest customer base in the nation and is looking to expand to newer territories. In 2009, the bank bought over the Development Bank from the Da Afghanistan Bank and created a new brand in its portfolio- The Bakhtar Bank.
AZIZI Bank is all set to expand into fresher markets to cater to the growing need by leveraging its own knowledge of operating successfully in a fragile state like Afghanistan, which had all the ingredients of a marginalized nation- delicate political will, conflict, low per capita income and low levels of education amongst others. It aims to open 50 branches in Africa, Central Asia and East European markets in addition to another 10 in the UAE over the next decade.
Sound banking practices in the economy are major propellers of growth. It places money which is lying virtually defunct in someone’s house into the economic cycle of the nation, thus making the growth more prolific and fertile. In the end, the investor also benefits at all levels.
Website: Azizi Bank