Code 176545
PublishDate: Wednesday, October 3, 201216:23

Only 4% Afghans have proper access to banking system

Afghanistan is currently served by 14 private and 3 state banks which are having 800 branches across the country.

Afghan bankers on Tuesday said only 4% of the Afghan citizens have access to banking system in Afghanistan due various issues which prevents them from better access to state and private banks.

Afghanistan is currently served by 14 private and 3 state banks which are having 800 branches across the country.

Officials of the Afghan banks on Tuesday following a two days exhibition assessed the options on how to improve banking system and reduce the current challenges.

The total values of the Afghan banks are around $5 billion which is comprised of the private and state bank customers deposits.

Chief of the Afghan Banks Association Khalil Sediq said they are having various issues and barriers regarding the proper usage of the banks liquidity to investors.

He said, “Only 4% of the Afghans might have access to banks and it seems that the investors are also not having proper access to banking systems due to various issues.”

In the meantime Afghan finance minister Omer Zakhilwal said huge investments have been put in place in Afghan banks however lack of confidence is the main barrier towards the investors in the country.

He said, “It is important to understand on how to use the cash deposits in the banks. Everyone has a chance and it is vital to take necessary steps in order to prevent the risk of loss of money and the banks are also keen to be safe in this regard.”

Mr. Zakhilwal also said, “Banks are charging

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