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The Afghanistan Institute of Banking and Finance (AIBF), the first of its kind in the war-devastated country, was inaugurated in Kabul on Wednesday. Da Afghanistan Bank chief, Abdul Qadir Fitrat told inaugural ceremony in the Karta-i-She area little had been done in the banking sector in the country over the last eight years.
As the system lacked professionalism, some of the banks were hiring experts from foreign countries, he added. "So, it's a dream come true," he remarked.
Hailing the AIBF as a big achievement, he said the institute would offer training in creditworthiness, risks, mortgages, money transfer and accounting.
Students would complete short-term courses over the next two years. Later, a curriculum will be developed in coordination with universities to enable students to complete their masters, he revealed.
Although the institute would start operating in a rented building, the Kabul municipality had promised to allocate four acres of land for it, Fitrat told reporters.
The Union of Afghan Bankers had promised to provide $750,000 for the construction f a building for the institute, he said.
They would help the institute grow into a reputed organisation, assured the head of the union, Khalil Siddique.
Work on the building, which would also have a dormitory for students, would start soon after the municipality allotted the land plot, Fitrat continued.
First-ever banking & finance institute opens in Kabul | Pajhwok Afghan News
As the system lacked professionalism, some of the banks were hiring experts from foreign countries, he added. "So, it's a dream come true," he remarked.
Hailing the AIBF as a big achievement, he said the institute would offer training in creditworthiness, risks, mortgages, money transfer and accounting.
Students would complete short-term courses over the next two years. Later, a curriculum will be developed in coordination with universities to enable students to complete their masters, he revealed.
Although the institute would start operating in a rented building, the Kabul municipality had promised to allocate four acres of land for it, Fitrat told reporters.
The Union of Afghan Bankers had promised to provide $750,000 for the construction f a building for the institute, he said.
They would help the institute grow into a reputed organisation, assured the head of the union, Khalil Siddique.
Work on the building, which would also have a dormitory for students, would start soon after the municipality allotted the land plot, Fitrat continued.
First-ever banking & finance institute opens in Kabul | Pajhwok Afghan News