Afghanistan International Bank: Best Corporate Governance Afghanistan 2018

In pioneer markets, excellence in corporate governance lifts companies above the median and into the field of vision of international partners who may contribute additional skills, resources, and ideas. This is how Afghanistan International Bank (AIB) managed to become the country’s largest and most profitable financial services provider in under a decade.

Founded in 2004 by two domestic corporate groups and a binational US/Afghan company, AIB was designed from the ground up to meet, and exceed, international standards and adhere to global best practices. This determination allowed AIB to become the preferred partner of multilateral lenders, development agencies, diplomatic missions, charitable institutions, and numerous government entities.

Thanks to its operational efficiency and strict compliance with all relevant international regulations such as anti-fraud and anti-money laundering legislation, AIB is the only privately- owned Afghan bank trusted with US dollar clearing facilities by international banks. AIB maintains clearing relationships with both Standard & Chartered and Commerzbank.

From AIB House, the bank’s corporate headquarters in Kabul, AIB manages seven full-service branch offices in the country’s largest cities – effectively establishing a nationwide presence. For AIB, virtue sits at the very core of its corporate DNA and adds to the bottom line: earning the trust of its clients – and indeed the nation – allows the bank to take in an estimated 23% of all domestic deposits.

The CFI.co judging panel has followed AIB’s remarkable progress for the past five years. The judges’ have seen how the bank spares no effort to meet its obligations and discharge its responsibilities. In fact, the judges agree that AIB is the one Afghan bank everybody trusts without any reservation – a testament to the power of sound corporate governance. The judging panel is delighted to offer Afghanistan International Bank the 2018 Best Corporate Governance Afghanistan Award.

marten

Recent Posts

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

2 weeks ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

3 weeks ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

4 weeks ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

4 weeks ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

4 weeks ago

BAWAG Group AG: Best Banking Group Governance DACH 2024

BAWAG Group has reported 2023 net profit of 683 million euros, a ROTCE of 25…

4 weeks ago