Bank-e- Millie Afghan is the first and foremost bank in Afghanistan, established in 1933. Bank-e- Millie Afghan introduced the banking system in Afghanistan and is enjoying its 77th years of fame, reliance and having recognition both inside and out side Afghanistan.
The bank initiated its operations on initial investment assets of AFN. 9.6 Million, (72%) was related to private sector and (28%) to the government. It was fully nationalized by the government in 1976.
Right from the date of establishment Bank-e- Millie Afghan is determined to mainly operate for the development in major fields of trades, commercial industries and agriculture, it is equipped with all types of possibilities and geared up to provide best banking services to its customers .
In order to reach every customer , bank has implemented successfully the CORE BANKING SYSTEM.
BMA has currently 15 city branches and 21 provincial branches. Soon 3 more branches in different provinces will be inaugurated.
Based on article No: 22 of the banking law of Afghanistan, Bank-e- Millie Afghan is being lead by the following organs:
- Shareholders General Assembly as a highest decision making organ.
- Board of Supervisors that is responsible to oversee activities of top management of the bank and to provide leadership to the bank.
- Board of Management as a responsible organ for managing and directing the bank toward its primary objectives as well as responsible for overall implementation and management of financial objectives, policies and strategic plans. It also provides leadership for over all departments of the bank.
- Internal Audit committee is responsible for conducting independent audits of financial records and control procedures to ensure that the bank is in compliance with the governing laws and regulations.
| Short History of Bank-e- Millie Afghan |
DARI VERSION |
|
| Shareholders |
- Ministry of Finance
- Afghan Red Crescent
- Pashtany Bank
- Afghan Air Force Command
- Kabul Municipality
|
| Board of Supervisors |
| Name |
Position |
| Mr. Kawun Kakar |
Chairman |
|
| Board of Management |
| Name |
Position |
| Mohibullah Safi |
Acting CEO and
Chairman of Board |
| Mr. Khyber Omarkhail |
CCO & Member of board |
| Mr. Ahmad Khesraw Zia Gadakhail |
Acting CFO & Member of board |
| Mr. Afzal Mahmood |
Legal Adviser & Member of board |
| Mr.Zainullah Hassany |
Deputy COO & Member of board |
|