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The Business Model
Ghazanfar Bank Islamic Banking Window business model shall focus on 60:40 basis of which 60% of the business comes from Retail Banking and 40% from Business Enterprise. From the Business Enterprise banking portion, 50% of it will come from the Small Medium Enterprise (SME) business and the remainder 50% from Corporate Banking.
Business Strategies
Ghazanfar Bank Islamic Banking Window strategy shall target achieving the 20% share of Islamic Banking Assets, Deposits and Financing by year 2009 in Afghanistan by opening minimum 6 branch windows in following provinces,
- Kabul Sharai Shehzada
- Mazhar e-Shariff
- Hairatan
- Kunduz
- Pul Khumri
- Takkhar
Business Target
Ghazanfar Bank Islamic Banking Window shall target focusing on the segments that we aim to have strong footing as enunciated in our business plan and where there is potential of business growth, namely in the areas of Retail Banking Financing and Small and Medium-Sized Enterprises (SME) Financing.
Business Potential
Ghazanfar Bank Islamic Banking Window shall be allowed to the full spectrum of banking business in line with Shariah principles under the Islamic Banking Act , ranging from the retail-based commercial banking business to more sophisticated investment banking business that includes, among others, corporate finance.
Ghazanfar Bank Islamic Banking Window shall explore our operations in line with our aspirations to grow our Islamic banking business and to serve the financial needs of customers that cannot be offered by the conventional banking.
We will continue to;
- Deliver our products and services through Ghazanfar Bank branches and internet banking services.
- Leverage on the on-going commitment and synergies of the Ghazanfar Bank to ensure further development of our operations in terms of Bank’s cross-selling.
- Key Projected Financial Highlights/Islamic Banking Window
Amount in AFN('000) |
2009 |
2010 |
INCOME |
Profit before zakat & taxation |
45,961 |
58,012 |
Profit after zakat & taxation |
22,606 |
30,896 |
BALANCE SHEET |
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Net Financing & Advances |
959,622 |
1,253,237 |
Total Deposits |
1,306,366 |
1,763,887 |
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Three new branches in Pul-e-Khomri, Kundoz and Jalalabad
Saturday 2nd, Jan. 2010
Ghazanfar Bank launched 3 new branch offices in Pul-e-Khomri, Kundoz and Jalalabad. We continue opening new branches to cover all over Afghanistan. Please stay tuned for annoucements of new branches.
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