Annual Report 2017

Your Partner for Growth

History and Performance of AIB

AIB’s history has been distinguished by consistent improvement in performance metrics, successive awards recognising its achievements, and establishing a well-earned reputation for sound governance and business integrity.

CFI.co ‘Best Corporate Governance’ award

AIB wins the CFI.co ‘Best Corporate Governance, Afghanistan’ award for the fifth consecutive year

Best Large Tax-Payer Award

Afghanistan’s Ministry of Finance recognises large tax-payers with awards for their contribution to raising the level of tax compliance and developing economic activities

The Banker magazine

AIB wins Banker magazine’s ‘Bank of the Year, Afghanistan’ award for the sixth consecutive year

Bibi Khadija Award

Honorary award presented by the Afghanistan Women Chamber of Commerce and Industry in recognition of AIB’s work in supporting women’s development

AIB signs a Management Services and Technical Assistance Agreement with ING Institutional and Government Advisory Services BV, the independent advisory unit of Netherlands-headquartered ING Wholesale Banking. This agreement expired in September 2007, ING having fulfilled its mandate.

Asian Development Bank’s Board of Directors approves a US$2.6 million equity investment in AIB.

ADB enters into an agreement with three other investors to form the shareholders group, each owning 25 percent equity.

Opening of first branch outside Kabul.

Khalilullah Sediq joins as Chief Executive Officer.

AIB shows annual profit for the first time.

Appointed bankers to the American forces in Afghanistan.

AIB pays first dividend to shareholders, with total distribution of $10 million.

Deposits exceed $500 million.

Site of 4,550 m² purchased for development of new head office, a 12-storey property with total built area of roughly 15,500 m².

Deposits exceed $800 million.

AIB acquires Standard Chartered Bank’s business in Afghanistan.

The Banker magazine designates AIB as ‘Bank of the Year’ in Afghanistan.

The Banker magazine again designates AIB as ‘Bank of the Year’ in Afghanistan.

After being nominated by the World Bank, AIB wins ‘Best Corporate Governance, Afghanistan’ in the 2014 CFI.co awards.

The Banker magazine designates AIB as ‘Bank of the Year’ in Afghanistan for the third consecutive year.

The Bank begins building its 15,500 m² 12-storey head office.

Khalilullah Sediq retires as CEO to become Governor of Da Afghanistan Bank (Afghanistan’s central bank).

AIB wins the CFI.co ‘Best Corporate Governance, Afghanistan’ award and The Banker magazine designates AIB as ‘Bank of the Year’ in Afghanistan for the fourth year running.

Construction of the Bank’s new Head Office reaches the ninth floor.

The Bank exhibits for the first time at SIBOS, the annual conference, exhibition and networking event organised by SWIFT for the financial industry.

AIB wins the CFI.co ‘Best Corporate Governance, Afghanistan’ award for the second consecutive year and The Banker magazine designates AIB as ‘Bank of the Year’ in Afghanistan for the fifth year running.

Construction of the Bank’s new Head Office is completed and fit-out begins.

The Bank exhibits at SIBOS for the second time.

AIB wins the CFI.co ‘Best Corporate Governance, Afghanistan’ award for the fourth consecutive year and The Banker magazine designates AIB as ‘Bank of the Year’ in Afghanistan for the sixth year running.

Construction of the Bank’s new Head Office nears completion with occupancy expected in the first quarter of 2018.

The Bank exhibits at SIBOS for the third time.