FROM GOOD TO GREAT
Dear Friends and Colleagues,
The Banking industry in Afghanistan has been passing through a period of phenomenal growth in the past 10 years, despite numerous constraints. With new opportunities opening, the country and the financial sector are poised for a great leap forward. As you all know, GHAZANFAR BANK was licensed by Da Afghanistan Bank (DAB), the Central Bank of the country, in the year 2009 to operate as a commercial bank. It has been playing a pivotal role in rebuilding the national economy and has pioneered Islamic Banking in the country. Today, its Islamic Banking window along with Conventional Banking operations, provide the people with a wide range of products & services, specially designed to meet their needs and aspiration.
As a good Corporate Citizen we pledge ourselves to abide by the Laws of the Country and Regulations of Central Bank of Afghanistan (DAB). We hold our customers’ trust and reliance in the Bank as our greatest wealth and are dedicated to providing best value to all our stakeholders. We are committed to give equal opportunities for growth to our employees. Above all, we are determined to actively participate in the overall economic growth and development of the country. Our commitment to social responsibility is also well entrenched in our social out-reach and has resulted in an increasing engagement in charities and community service. I look on each of you as an ambassador of the Bank. Our Shareholders have a strong commitment to Good Corporate Governance, which is brought out in the approach enunciated by them, executed through an independent BOS and an effective BOM.
With young, dynamic and talented Afghan Nationals contributing to over 98% of the workforce, GHAZANFAR BANK has received Global recognition for its capabilities. The need to constantly improve skills in a business driven essentially by the quality of its Human Resources is a key focus area. Operating level capabilities are regularly enhanced by constant training and re-skilling. This is strengthened by professional and qualified management at the Board level and supported by the state-of-the-art technology.
On a Year on Year basis, the Balance Sheet and Profits of the Bank have witnessed sizeable growth. There has also been a good accretion in the equity base by way of plough back of profit. Capital Adequacy Ratio, Return on Assets, Return on Equity, Credit Deposit Ratio, Broad Liquidity Ratio and Delinquency Ratio are significantly strong and among the best in the banking industry in Afghanistan. GHAZANFAR BANK has correspondent banking relationship with major banks across the world, which is a testimony to its adherence to the International Best Practices.
Once again I reiterate my commitment to respect and honor the trust & confidence bestowed on us by the stakeholders of the Bank. I also reaffirm my desire to work closely with you for taking GHAZANFAR BANK to new heights and to making us proud members of Afghanistan’s Premier Banking Institution. Come, let’s join hands to take our Bank forward from “Good to Great”. Best Wishes