Banking

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:

  • International Funds Transfer via SWIFT (Society for World Wide Interbank Funds Transfer)
  • Domestic Funds Transfer within Afghanistan
  • Credit Products
  • Letters of Credit and other Trade Services
  • Savings and Current accounts
PwC's Banking practice brings together global financial services expertise and in-depth knowledge of the local market to provide workable and effective solutions for market participants in a wide range of professional service areas .