Introduction of Banke Millie Afghan:

Banke Millie Afghan is the first bank in Afghanistan which established in 1933 (1312 Solar Year) and for along period had the responsibility to proceed the Central Bank affaires until the central Bank (Da Afghanistan Bank) established in 1939.The bank was established on initial investment assets of Afs. 6.9 Million that (72%) was related to private sector and (28%) belongs to the government. It was fully nationalized by the government in 1976 (1355 Solar Year).From the beginning BANKE MILLIE AFGHAN basically works for development in the field of trades, commercial industrial and agricultures, it is equipped with all type of possibilities and ready to do its best banking services to its customers and as well as it is enjoyed of national and international fame.According to the Banking law of Afghanistan which was approved by His Excellency Hamid Karzai President of Afghanistan on (27/6/1382) corresponding to (September 17 2004), the existing banks were bound to renew their licenses, Banke Millie Afghan due to its best and financial activities and conditions in past and now after a brief studying by world bank and supervision department of Da Afghanistan Bank (DAB), obtained a new Banking License No. 16301 dated (6.4.1383) corresponding to June 26 2004 from Da Afghanistan Bank (Central Bank of Afghanistan).According to the banking law of Afghanistan, Banke Millie Afghan as a limited Financial Institution was registered in the Afghanistan Investment Support Agency (AISA) and obtained the Investment License No. D-21011 dated 17.8.1383 corresponding to November 7, 2004 from the said institution.According to the banking law of Afghanistan, at present, Banke Millie Afghan has been modified from the governmental Bank into an independent one and being managed by itself now. Interferences of the state administrations in the leadership affairs and daily activities of the Bank are contrary of banking law and supervision of Da Afghanistan Bank.Based on article no 22nd of the banking law, Banke Millie Afghan being lead by the following organs:
1. Shareholders General Assembly as a highest decision making organ.2. Boad of supervisor is responsible of supervising the bank activities.3. Board of Managements as a responsible organ for executing the Bank’s affairs and incharge of daily works of the Bank.4. Audit committee is responsible for accounting control, internal audit and investigations.