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History of AIB

2004

Asian Development Bank’s Board of Directors approves a $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.

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.


2005

Opening of first branch outside Kabul.


2006

Khalilullah Sediq joins as Chief Executive Officer.


2007

AIB shows annual profit for the first time.


2008

AIB appointed bankers to the American forces in Afghanistan.


2009

Move to new head office building in Kabul.


2010

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


2011

Deposits exceed $0.5 billion.

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

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