Annual Report 2018

Your Partner for Growth

History and Performance of AIB

AIB’s reputation for excellence is founded on consistent improvements in performance, a commitment to business integrity and strong corporate governance, and independent recognition of its achievements.

  • ‘Best Bank’ award

    The Banker magazine has named AIB ‘Bank of the Year, Afghanistan’ for seven consecutive years from 2012 to 2018.

  • Original HQ

    The original HQ served AIB very well but the Bank has now outgrown the premises.

  • New HQ

    AIB moves into its new headquarters in central Kabul, reflecting the Bank’s prominent position within Afghanistan’s banking system.

  • Best governance

    AIB wins CFI.co’s 2018 ‘Best Corporate Governance, Afghanistan’ award, the fifth successive year it has achieved this distinction.

  • World stage

    AIB takes a stand at the 2018 SIBOS held in Sydney, Australia, the fourth time it has participated.

2004

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.

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

Appointed bankers to the American forces in Afghanistan.

2010

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

2011

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.

2012

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.

2013

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

2014

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.

2015

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.

2016

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.

2017

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.