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- New_Kabul_Bank abstract "Kabul Bank is a commercial bank in Afghanistan that has its main branch in the capital of Kabul. Established in 2004, it is the main bank used to pay the salaries of the army and security forces. The bank provides facilities to maintain accounts in Current, Savings Bank and Fixed Deposits; and offers its consumers branch and automated teller machine services. The bank is under the supervision of Da Afghanistan Bank (DAB), the central bank of Afghanistan.Kabul Bank was badly shaken and almost collapsed in one of "the worst banking scandals in history," according to The Guardian newspaper. In late 2012, according to the Los Angeles Times, independent investigators and journalists uncovered widespread corruption in Kabul Bank. The New York Times, in 2012, headlines indicate "Audit Says Kabul Bank Began as ‘Ponzi Scheme’" following investigation and judicial action in the aftermath of the Bank's crisis and scandal.In 2010, it was disclosed that its Chairman Sherkhan Farnood and other insiders were spending the bank's US$1 billion for their own personal lavish style living and lending money under the table to family, relatives and friends. The bank scandal also involved members of Afghan President Karzai's family, including one of his brother, Mahmood Karzai. In September 2010, one of the principal owners of the bank, said that depositors had withdrawn $180 million in two days and predicted a "revolution" in the country's financial system unless the Afghan government and the United States moved quickly to help stabilize the bank. In November 2010, reports appeared that Farnood and chief executive Khalilullah Frozi both had been sacked from duties; as of early 2011 both were effectively under house arrest and could not leave the country, and in July 2011 both were formally arrested and detained in Kabul. DAB stated in February 2011, it would seek to sell Kabul Bank within three years once it was rehabilitated, but both the International Monetary Fund and US officials subsequently pressed for a rapid winddown of the institution. A USAID inspector general report estimated that fraudulent loans diverted $850 million to bank insiders. By October 2011, more than a year after the government seized control, officials had recovered less than 10 percent of the nearly $1 billion that went missing.".
- New_Kabul_Bank foundingYear "2004".
- New_Kabul_Bank keyPerson Chairman.
- New_Kabul_Bank keyPerson Chief_executive_officer.
- New_Kabul_Bank keyPerson Sherkhan_Farnood.
- New_Kabul_Bank keyPerson Khalilullah_Frozi.
- New_Kabul_Bank location Afghanistan.
- New_Kabul_Bank location Kabul.
- New_Kabul_Bank thumbnail Bakht.jpg?width=300.
- New_Kabul_Bank type Private_bank.
- New_Kabul_Bank wikiPageExternalLink www.kabulbank.af.
- New_Kabul_Bank wikiPageExternalLink www.kabulbank.af.
- New_Kabul_Bank wikiPageID "10828064".
- New_Kabul_Bank wikiPageRevisionID "596008970".
- New_Kabul_Bank foundation "Kabul Bank".
- New_Kabul_Bank hasPhotoCollection New_Kabul_Bank.
- New_Kabul_Bank homepage www.kabulbank.af.
- New_Kabul_Bank keyPeople "Chairman of the Board".
- New_Kabul_Bank keyPeople "Chief Executive Officer".
- New_Kabul_Bank keyPeople "Khalilullah Frozi".
- New_Kabul_Bank keyPeople "Sherkhan Farnood".
- New_Kabul_Bank location Afghanistan.
- New_Kabul_Bank location Kabul.
- New_Kabul_Bank logo File:KabulBankLogo.png.
- New_Kabul_Bank name "Kabul Bank".
- New_Kabul_Bank type Private_bank.
- New_Kabul_Bank subject Category:Banks_established_in_2004.
- New_Kabul_Bank subject Category:Banks_of_Afghanistan.
- New_Kabul_Bank type Abstraction100002137.
- New_Kabul_Bank type BanksEstablishedIn2004.
- New_Kabul_Bank type BanksOfAfghanistan.
- New_Kabul_Bank type Company108058098.
- New_Kabul_Bank type DepositoryFinancialInstitution108420278.
- New_Kabul_Bank type FinancialInstitution108054721.
- New_Kabul_Bank type Group100031264.
- New_Kabul_Bank type Institution108053576.
- New_Kabul_Bank type Organization108008335.
- New_Kabul_Bank type SocialGroup107950920.
- New_Kabul_Bank type YagoLegalActor.
- New_Kabul_Bank type YagoLegalActorGeo.
- New_Kabul_Bank type YagoPermanentlyLocatedEntity.
- New_Kabul_Bank type Agent.
- New_Kabul_Bank type Company.
- New_Kabul_Bank type Organisation.
- New_Kabul_Bank type Organization.
- New_Kabul_Bank type Agent.
- New_Kabul_Bank type SocialPerson.
- New_Kabul_Bank type Thing.
- New_Kabul_Bank comment "Kabul Bank is a commercial bank in Afghanistan that has its main branch in the capital of Kabul. Established in 2004, it is the main bank used to pay the salaries of the army and security forces. The bank provides facilities to maintain accounts in Current, Savings Bank and Fixed Deposits; and offers its consumers branch and automated teller machine services.".
- New_Kabul_Bank label "Kabul Bank".
- New_Kabul_Bank label "New Kabul Bank".
- New_Kabul_Bank label "New Kabul Bank".
- New_Kabul_Bank sameAs New_Kabul_Bank.
- New_Kabul_Bank sameAs Kabul_Bank.
- New_Kabul_Bank sameAs m.02qr8q8.
- New_Kabul_Bank sameAs Q196137.
- New_Kabul_Bank sameAs Q196137.
- New_Kabul_Bank sameAs New_Kabul_Bank.
- New_Kabul_Bank wasDerivedFrom New_Kabul_Bank?oldid=596008970.
- New_Kabul_Bank depiction Bakht.jpg.
- New_Kabul_Bank homepage www.kabulbank.af.
- New_Kabul_Bank isPrimaryTopicOf New_Kabul_Bank.
- New_Kabul_Bank name "Kabul Bank".