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Iran to establish new Bank in Afghanistan

Kabul, June 28, IRNA -- Bank Melli and Bank Saderat are to jointly establish a new Bank named "Aryan" in Kabul, it was announced here Monday.

The new Bank will be established according to the laws and regulations of Afghanistan.

Deputy Governor of Afghanistan's Central Bank Abdul Qadir Fetrat welcomed the idea of establishing the new Bank in his country. Speaking to IRNA, he said the new Bank would guarantee the interests of businessmen.

This is the first ever Iranian Bank to start operation in Afghanistan.

Banks from Britain, Pakistan and the Netherlands have already opened branches in Afghanistan.

... Payvand News - 6/29/04 ... --

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