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June 3, 2005
BMA is the first bank in Afghanistan
which established in 1933 The bank was established on initial inve .....
May 30, 2005
A collection of graphs on the Afghanistan Economy and Financial Markets .....
May 26, 2005
BMA Share Holder list and some text comes here
Some Introduction Text comes here. .....
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1. Introduction of Banke Millie Afghan:
Banke Millie Afghan is the first bank in Afghanistan which established
in 1933 (1312 Solar Year) and for along period had the responsibility
to proceed the Central Bank affaires until the central Bank (Da
Afghanistan Bank) established in 1939.
The bank was established on initial investment assets of Afs. 6.9
Million that (72%) was related to private sector and (28%) belongs
to the government. It was fully nationalized by the government in
1976 (1355 Solar Year).
From the beginning BANKE MILLIE AFGHAN basically works for development
in the field of trades, commercial industrial and agricultures,
it is equipped with all type of possibilities and ready to do its
best banking services to its customers and as well as it is enjoyed
of national and international fame.
According to the Banking law of Afghanistan which was approved by
His Excellency Hamid Karzai President of Afghanistan on (27/6/1382)
corresponding to (September 17 2004), the existing banks were bound
to renew their licenses, Banke Millie Afghan due to its best and
financial activities and conditions in past and now after a brief
studying by world bank and supervision department of Da Afghanistan
Bank (DAB), obtained a new Banking License No. 16301 dated (6.4.1383)
corresponding to June 26 2004 from Da Afghanistan Bank (Central
Bank of Afghanistan).
According to the banking law of Afghanistan, Banke Millie Afghan
as a limited Financial Institution was registered in the Afghanistan
Investment Support Agency (AISA) and obtained the Investment License
No. D-21011 dated 17.8.1383 corresponding to November 7, 2004 from
the said institution.
According to the banking law of Afghanistan, at present, Banke Millie
Afghan has been modified from the governmental Bank into an independent
one and being managed by itself now. Interferences of the state
administrations in the leadership affairs and daily activities of
the Bank are contrary of banking law and supervision of Da Afghanistan
Bank.
Based on article no 22nd of the banking law, Banke Millie Afghan
being lead by the following organs:
1. Shareholders General Assembly as a highest
decision making organ.
2. Boad of supervisor is responsible of supervising the bank activities.
3. Board of Managements as a responsible organ
for executing the Bank’s affairs and incharge of daily works
of the Bank.
4. Audit committee is responsible for accounting
control, internal audit and investigations.
2. Total Number of Account Held with BMA:
Number of Active Saving Accounts at the end of Year 1383 (14344)
Number of Active Afghanis Current Accounts at the end of year 1383
(2108)
Number of Active Foreign Currencies Current Accounts at the end
of year 1383 (1316)
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