Afghanistan’s chief banker declares Kabul Bank safe

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KABUL – The governor of the Central Bank of Afghanistan said the country’s largest private bank, Kabul Bank, is safe, dismissing media speculation of its imminent collapse.

“I assure you that Afghanistan’s central bank – with all powers and capabilities – is standing behind Kabul Bank,” Abdul Qadir Fitrat told reporters in Kabul.

Media reported August 31 that the Central Bank took over Kabul Bank after discovering evidence that the bank’s losses had exceeded its assets.

The bank has no liquidity problem, Fitrat said.