Cooperation Agreement Signed between Bank Millie Afghan and Afghan National Enterprise Board

Bank Millie Afghan inked a cooperation agreement with Afghan Enterprise Board at a conference held on this regard attended by Ahmad Zia Masoud president’s special representative for reforms and good governance, Khan Afzal Hadawal acting governor and first deputy of Da Afghanistan Bank and delegation of ministry of finance, Afghan Chambers of Commerce and Industry and national entrepreneurs.

According to this agreement, national traders can access to funds within short-term and long-term loans easily and transparently from Bank Millie Afghan in which it will further pave the ground for investments along with productive occupations for tens of countrymen which can finally lead to economic growth in the country.

H.E Khan Afzal Hadawal who has also attended the conference, laid emphases on soundness of the banking system as saying, presently Afghanistan’s banking system is fully reliable and provide services in line with international standards and there is no concern over outbreak of another crisis as one of Kabul Bank.

Mr. Hadawal added that now Afghanistan’s banking sector has approximately AF 244 billion reserves and once this amount is invested or utilized by private sector it could significantly bring growth to various economic fields.

Later on Ahmed Zia Masoud, president’s special representative for reforms and good governance said that once the cabinet members are all introduced, government would initially work on establishment of economic infrastructure and a new economic stage would come to existence.

At the end, Mr. Ahmed Khesraw Zia acting chairman of Bank Millie Afghan while signing this agreement said that it will provide one to three year term loans for traders and private sector with the return of 5% lower interest rate compared to market rate on monthly basis.