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Second Financial And Banking Exhibition Held

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Wednesday October 30, 2013

Kabul (BNA) The second financial and banking exhibition under the theme of access to financing was organized by the union of private banks and the USAID in Kabul.
The gathering was addressed by Minister of Communications and information Technology Eng. Amirzai Sangeen who said that the banks should grow and supported and the people are encouraged to deposit their money in the banks.
He added that the ministry has facilitated transfer of money through the mobile and internet and this has introduced more facility in banking sphere, adding that so far two million Afghans are using internet in the country and the process will further develop.
Khalil Seddiq head of the union of private banks said that the private financial sphere in Afghanistan is making its strides and hoped that expansion of banking will prove positive for accelerated growth of small and middle level entrepreneurs.
He added that banks, micro finance institutions and other financial sources are represented at this exhibition displaying their products and services in around 50 outlets.
US ambassador to Kabul also spoke and said that the USAID has considerably invested in the electronic banking in Afghanistan and this area is making its growth.
He added that in two years the number of accounts increased from one of to three million.
He stressed that the US is pleased that the banks and micro finance providers and the mobile networks have come together to prove that the trade ground is available in Afghanistan.
He noted that the future of Afghanistan depends on the ability of the Afghans as how they can devise their long-term economic program and upgrade the capacity of their economic priorities.

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