The Banking sector is one of the most important sectors in Afghanistan, as its role is vital to Afghanistan’s continuing economic development. Market participants face increasingly continuous competitive pressure in a market shaped by both international trends and significant economic, market and regulatory change in Afghanistan.
Following a long period with limited banking services, the formal financial sector in Afghanistan is adding commercial banks and services rapidly. While the Central Bank (Da Afghanistan Bank) still offers some commercial banking functions, these activities are being phased out as the commercial banking sector adds capacity. To date Da Afghanistan Bank has issued banking licenses to twelve banks. The primary services currently available are following: