GOOD TO GREAT
Together with you
Wishing you all a Happy & Prosperous NEW YEAR 2019
With the advent of the new calendar year, we have stepped into a new financial year 2019. 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. 2018 shows bank’s commendable performance in the areas of our book size, profitability, Return on Equity, asset quality, and geographical spread. On YoY basis bank’s total business, asset size and operating profit increased with a strong capital base.
VISION 2020 program of the bank was floored for implementation in January’2018. Under VISION 2020 our corporate broad objectives were emerged in alignment with national agenda of Afghanistan. The key areas that we could perform during the years are;
- Opening of three (3) New Branches at Kabul
- In promoting ‘Women in Business’ bank introduced loan products at concessive interest rates @5% dedicated for women MSME segment.
- Introduction of ‘ARZAN LOAN’ in local currency at a concessive interest rate of 7% for dedicated sectors.
- Technology innovation through improved version of Oracle Flex cube for CBS system is into implementation stage which would open up the opportunity in improvising Digital Banking in 2019.
- In adherence of internationally best practiced corporate governance structure in the banking system, adopted the policies for necessary implementation recommended by IFC (World Bank Group) for the bank.
- Management given due importance in capacity building for rank and file and middle management cadre for appropriate succession planning program and in promoting leadership skill set.
For greater participation
and involvement, covering all women employees of the bank a ‘Women Empowerment
Committee’ in the bank has been formed to act as a catalyst in empowering
‘Women in Business’ both for financial and non-financial areas
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 in our VISION Document 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 escalating new heights 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 2019