AIB launches Internet banking facility

Pajhwok

04/03/2006

By Danish Karokhel

KABUL - The Afghanistan International Bank (AIB) Monday launched the first-ever Internet banking facility in the country's banking sector.

The newly-launched facility will present online account information, online money transfers and online service for the 1,100 customers across the country. The facilities will not only save the customer's time but provide round-the-clock service.

In this connection, a ceremony was held here which was attended by senior officials of the bank, businessmen, local traders and customers of the bank.

Addressing the function, AIB chief executive officer John W. Haye briefed the participants about the newly-introduced facility, the bank's role and its increasing influence in the banking sector of the country.

Haye said the bank had branches in three cities, including Kandahar, Herat and Mazar-i-Sharif. He hoped an additional three to six branches would be opened this year. To facilitate the customers, he said the bank was studying the Islamic banking system and plan was under consideration to start profit and loss account system.

Highlighting importance of the Internet banking in the modern era, he said the new system would save time and energy of customers as well as ensure safety of transfer of amounts and overcome additional expenditures.

He said the bank had installed five ATM machines in Kabul to facilitate the clients. Earlier, only traders and members of business class were account-holders but now the middle class can also open account in AIB. Haye said the bank had 65 employees with 11 females and 12 foreign staffers from four countries.