GOOD TO GREAT
together with you
Wishing you all a Happy & Prosperous NEW YEAR 2018
With the advent of the new calendar year, we have stepped into a new financial year 2018. It gives me a sensation of extreme pleasure and contentment in extending my heartfelt thanks to the entire team of GHAZANFAR BANK, without whose dedication, support and endurance we would not have been adorned with so much accord.
A brisk run through of the last F.Y. 2017 shows our remarkable performance in the areas of our book size, profitability, Return on Equity, asset quality, and geographical spread. On YoY basis ROE has gone up from 10% to 20%; Capital Adequacy Ratio has gone up from 17% to 39%; Net Non Performing Assets to total Loans & Advances has been sharply declined from 3% to 1%.
During the year 2017, GHAZANFAR BANK was adorned with a numerous internationally acclaimed awards. They were conferred based on the performance of the bank, thus extending the diameter of its ability and commitment to adherence to compliance. As, bagging the awards was a pleasure, keeping up the performance up to the mark is equally challenging which I have full trust on my team, will be maintained.
VISION 2020 is another milestone that has been implemented this year. The core team with their untiring efforts focused intricately in comprehending VISION 2020 and the same is floored to be in practice from January’2018. This has been effectuated with great care and earnestness. Under VISION 2020 our New Corporate broad objectives emerged as under.
• To provide to our customers - personalized financial service to meet their needs
• To provide to our community - leadership, economic growth and philanthropy
• To provide to our shareholders - financial gains and sustainability
• To provide to our team members - loyalty, opportunities and rewards
Perfect harmony of intertwined relationships between employees, customers, community, shareholders, and Central Bank of Afghanistan (DAB) will only ultimately help GHAZANFAR BANK to achieve set target by December 2020.
I would like to confer my gratitude to Central Bank of Afghanistan (DAB) for endorsing in our strategic approach which has been formulated from a Good GHAZANFAR BANK to a GREAT GHAZANFAR BANK tomorrow. I extend my sincere thanks and gratitude to our Shareholders, Depositors, Board of Supervisors and team of GHAZANFAR BANK for showing their trust, faith and confidence on me. My commitment in scaling new scales for the bank is unstoppable. From ‘Good to Great’ which stands as our motto, can happen only with ‘WE’ as a team. So let’s join hands with reassurance to scale up higher.
(Chief Executive Officer)
The 1st Day of January 2018