e-Ariana - Todays Afghan News
 Contact Us  
 An Ariana Media Publication 04/17/2014
 Problems in recovery of Kabul Bank loans: Delawari

By Weda Baraki

[Printer Friendly Version]

KABUL - The central bank said on Monday that $135 million of the loans issued by the New Kabul Bank had been recovered, but the sale of properties purchased abroad with the debts remained a challenge.

Addressing a news conference in Kabul, Da Afghanistan bank governor said they had recovered $180 million of the $980 million loans. The recovery includes $45 million interest that was viewed off by President Hamid Karzai.

Noorullah Delawari said some organisations, which had received loans worth $398 million from the bank, had promised to return them soon. He put problematic loans, involving assets in foreign countries, at $401 million.

"Since there are problems in recovery, in cooperation with the Attorney General Office (AGO), we are sending individual default cases to judicial organs,” the governor added. He promised the defaulters would not be named until court verdicts were handed down.

One audit official identified the sale of defaulters’ off-shore assets as the stumbling block to resolution of the ailing bank’s problems. Abdul Hamid Mohibi said: "Selling the high-price properties bought with Kabul Bank loans inside and outside the country is a huge difficulty for us..."

"Properties in Dubai were purchased at high prices, but their rates have considerably declined over the past two years," he said, hinting a similar problem with regard to the sale of properties inside the countries.

Some elements were hindering the sale of the bank’s assets at the Hairatan Dry Port in northern Balkh province, he explained. A high-powered delegation had reached an agreement on the sale with Afghan traders, who later backed out of their decision.

Back to Top

Other Stories:

20,000 Heratis being sent to Iran for work
Pajhwok (12/27/2013)

At Kabul airport, exodus of U.S. aid goes on
The Washington Post (12/27/2013)

Haqqani Network leaders sexually abuse teenager boys
Khama Press (12/27/2013)

Unemployment, Crime Rising Ahead Of Troop Pullout
Tolo (12/27/2013)

British army head warns Taliban could retake key territory in south
Khama Press (12/27/2013)

Election Officials Emphasize Impartial Surveys
Tolo (12/27/2013)

A Complete US Withdrawal From Afghanistan Would Be 'A Complete Catastrophe' For Civilian Aid
Reuters (12/27/2013)

Facing Big Changes, Anxious Afghans Hope For The Best In 2014
NPR (12/27/2013)

Afghanistan, North Korea, and Somalia Are the World's Most Corrupt Countries, With China in the Middle
businessweek.com (12/04/2013)

Poetry of Betrayal: Afghan Elections and Transitional Justice
Beacon Reader (10/25/2013)

Couple beheaded in Helmand province for having love affair
Khaama Press (10/25/2013)

US senator says no aid for Afghanistan unless security deal finalized
Khaama Press (10/25/2013)

Would-be child bombers detained: NDS
Pajhwok (10/25/2013)

Afghanistan’s Next First Lady Could be a Christian
PJMedia.com (10/24/2013)

The Afghan dead find a list
Inter Press Service (10/24/2013)

10 runners shortlisted in 2014 presidential race
Pajhwok (10/24/2013)

Next Afghan president: A pen or bulldozer?
Asia Times (10/24/2013)

Afghan Election Frontrunners
The Wall Street Journal (10/09/2013)

Karzai Lashes Out at U.S. for Its Role in Afghanistan
The New York Time (10/08/2013)

Karzai offered my party $100m, Noor claims
Pajhwok (10/07/2013)

Gen. Dostum apologizes for his role in Afghanistan civil war
Khama Press (10/07/2013)

27 Candidates nominated for 2014 Afghan presidential election
Khaama Press (10/07/2013)

Karzai’s elder brother Qayum Karzai nominated for Afghan presidency
Khaama Press (10/06/2013)

Afghan mines minister Shahrani resigns to run in 2014 elections
Khaama Press (10/06/2013)

Dr. Zalmai Rasoul nominated for 2014 presidential elections
Khaama Press (10/06/2013)

Ghani formally launches quest for presidency
Pajhwok (10/06/2013)

Limited VP choices put wannabes in tight spot
Pajhwok (10/05/2013)

US embassy rejects Karzai chief of staff Karim Khoram’s remarks
Khama Press (07/18/2013)

Afghan women suffer setback as parliament lowers quota for female lawmakers
NBC News (07/18/2013)

Afghanistan, US Dispute Millions in Customs Fines
Voice of America (07/18/2013)

Back to Top