BANK-e- MILLIE AFGHAN

Annual Report 2017

BANK-e- MILLIE AFGHANTHE MOST TRUSTED BANK IN AFGHANISTAN

Table of Contents

01

02

03

04

05

06

07

08

09

10

11

12

About Bank-e-Millie Afghan (BMA)

Bank’s journey through numbers

Banking and correspondence relationship

Financial highlights for the last 3 years

Performance indicators

The chairman’s message

President & CEO’s Message

Corporate Governance

Board of Supervisors

Board of Management

BMA Branches Network

Financial Statements:

01

02

04

06

07

10

11

13

15

17

21

22

Bank-e- Millie Afghan (BMA) was the first financial institution established in Afghanistan in 1933. Similar-

ly, it was the first financial institution established in a public private partnership set up with 72 percent

share held by private sector. As a first bank in Afghanistan, BMA introduced formal banking services to

the people and government of Islamic Republic of Afghanistan. Since then, the banks competitive

strength and ongoing market leadership philosophy lays in its strong capital base and proven trustwor-

thiness.

In 1976, it was fully nationalized by the government of Afghanistan. Since its establishment, BMA is a

leading bank in providing modern and secure banking services. Securing depositors' funds is the top

priority of the bank. At the same time, the bank is contributing considerably to the development of man-

ufacturing, agriculture, services, and international trade in the country. BMA is operating based on

strong corporate governance principles, financial risk management and strict compliance to keep its

credibility and trust. BMA has 15 city branches in Kabul and 21 provincial branches with equity invest-

ments in United States of America and the United Kingdom celebrating its 85th years of fame.

About Bank-e-Millie Afghan (BMA)

1Annual Report 2017

BMA’s journey through numbers

Personal Banking

We are succeeding by putting our customers and clients at the Centre of everything we do and

by continuing to do this, we will always remain the “The Most Trusted Bank” to partner with.

1st Largest bank in Afghanistan(Capital, Profit & Liquidity)

87KCustomers

AFN 46.5 BillionAssets size

14,348Accounts opened during the year

AFN 2.9 BillionLoans and Advancesto customers

4ATM Machines across Afghanistan

Loan portfolio: Loan growth is considered as important as revenue growth to most of the banks. The

trouble with loan growth is that it is very difficult for a bank to evaluate the quality of the borrowers that

the bank is serving specially in underdeveloped economies with little financial infrastructure. This could

be one of the main reason of slow growth in loan.

2 Annual Report 2017

Customer deposits: Deposits are the most common and almost always the cheapest source of loan-

able funds for banks. In the FY 1395 BMA deposits increased by over 23%, while in FY 1396 there was

over 29% growth, showing the improvement in the bank ability to attract deposits and increase in the

confidence level of customers on BMA.

Foreign placements: BMA foreign placements has increased significantly during the FYs 1395-96

(with over 50% growth during these years) aiming towards utilization of funds and diversification from

revenue and market perspective.

Interest income: As it’s known that the results of the banking sector are shaped primarily by commis-

sions and net interest income it earns during a given financial year. Taking this principle into account,

BMA was able to have stable net interest earning during 1394-97 FYs, especially in FY 1396.

Net Profit: BMA was able to stay profitable for three consecutive years and earning over 420 million

AFN net profit on yearly basis. Though the worsening of credit market and decline of capital notes rate

and maturity bucket has negatively impacted most of the commercial banks in the country, even then

BMA was among the leading profitable banks in the country.

Equity Capital: There has been significant improvement in the over-all equity capital of the bank, espe-

cially during the FY 95-97. From the perspective of Equity capital, BMA is enjoying the top leading rank

among the commercial banks in the country.

3Annual Report 2017

Banking and correspondence relationship:Through correspondent banking relationships, banks can access financial services in different jurisdic-

tions and provide cross-border payment services to their customers, supporting international trade and

financial inclusion. In order to diversify the risk, find better investment options and have different chan-

nels of international transfers to efficiently entertain customers, BMA has established correspondence

and banking relationship with some of the well reputed foreign banks such as:

RAK BANK:RAK bank also known as the National Bank of Ras Al Khaimah (P.S.C) a Public Joint Stock Company,

is one of the oldest and most dynamic banks in the UAE. Founded in 1976, the Bank underwent a major

transformation in 2001, with a shift in focus from Corporate Banking to Personal and Business Banking.

RAK Islamic is the Islamic Banking window of RAKBANK. It has been officially launched to the public in

January, 2013 aiming at serving those customers who seek Sharia compliant banking services and

products.

Syndicate bank, London:

Syndicate Bank, London Branch owns and operates a bank that provides deposit and lending services.

It offers term deposits, call deposits, and current accounts; and loans that include project finance, work-

ing capital, business loans, property advance, syndicated loans, external commercial borrowings, and

loans for trade finance related businesses. The company also provides specialized services in trade

finance,


Customer deposits: Deposits are the most common and almost always the cheapest source of loan-

able funds for banks. In the FY 1395 BMA deposits increased by over 23%, while in FY 1396 there was

over 29% growth, showing the improvement in the bank ability to attract deposits and increase in the

confidence level of customers on BMA.

Foreign placements: BMA foreign placements has increased significantly during the FYs 1395-96

(with over 50% growth during these years) aiming towards utilization of funds and diversification from

revenue and market perspective.

Interest income: As it’s known that the results of the banking sector are shaped primarily by commis-

sions and net interest income it earns during a given financial year. Taking this principle into account,

BMA was able to have stable net interest earning during 1394-97 FYs, especially in FY 1396.

Net Profit: BMA was able to stay profitable for three consecutive years and earning over 420 million

AFN net profit on yearly basis. Though the worsening of credit market and decline of capital notes rate

and maturity bucket has negatively impacted most of the commercial banks in the country, even then

BMA was among the leading profitable banks in the country.

Equity Capital: There has been significant improvement in the over-all equity capital of the bank, espe-

cially during the FY 95-97. From the perspective of Equity capital, BMA is enjoying the top leading rank

among the commercial banks in the country.

Citi DIFC:DIFC stands for Dubai International Financial Center, It’s a global financial center strategically located

between the East and West providing a stable platform for business and financial institutions, and ideal

hub for accessing the regions rapidly growing demand of financial services.

Dubai Financial Services Authority (DFSA) is the regulator Of DIFC, which grants licenses and supervis-

es the activities of all financial and non-financial institutions in DIFC.

CITI N.A:

CITI is a global bank, headquartered in New York, founded in 1812, its parent organization is Citigroup,

has approximately 200 million customer accounts, and does business in more than 160 countries .

Citibank, N.A. provides commercial and consumer banking products and services.

PNB Hong Kong:

PNBHK is a full-fledged banking business branch of Punjab National Bank (PNB), India. Punjab National

Bank, Hong Kong is one of the foreign branches of India's second largest public sector bank.

BMCE bank:BMCE is a large commercial bank in Morocco. It operates over 697 branches in Morocco alone and

560 branches in Africa. BMCE has offices in France, Spain, United Kingdom, China, Italy, Germany,

UAE, Belgium, Canada and Netherlands.

5Annual Report 2017

Financial highlights for the last 3 years

2015 2016 2017

Cash and bank balances 22,228,543,350 26,465,421,568 33,320,673,941 Loans and advances to customers 2,642,372,626 2,662,578,675 2,889,153,749 Investments 618,794,581 729,728,231 1,034,718,062 Property and equipment 1,275,535,589 1,184,860,019 1,190,063,060 Intangible assets 40,173,172 31,352,141 22,893,285 Investment properties 645,683,089 4,082,521,861 4,082,594,410 Other assets 2,088,403,589 2,613,359,324 4,025,455,857 T o tal As s ets 29,539,508,011 37,769,821,819 46,565,552,364 Deposits from banks and customers 22,491,196,070 27,760,008,878 35,882,804,380 Current tax liabilities 155,446,448 216,504,883 88,298,689 Deferred tax liability - net 146,620,677 882,789,824 905,521,291 Short term borrowing 500,000,000 - - Other liabilities 876,360,839 326,922,782 428,815,602 T o tal L iab il ities 24,169,624,034 29,186,226,367 37,305,439,962 Share capital 1,000,000,000 1,000,000,000 1,000,000,000 Retained earnings 3,392,013,299 6,716,015,909 7,420,489,171

Surplus on revaluation of property and equipment - net

914,278,001

845,612,174

792,247,502

Exchange translation reserve 63,590,662 21,967,369 47,375,730 T o tal E q u ity 5,369,881,962 8 ,5 8 3 ,5 9 5 ,4 5 1 9,260,112,403 T o tal l iab il ities an d eq u ity 29,539,508,011 37,769,821,819 46,565,552,364 Net interest / profit income 804,664,908 860,843,042 945,719,132 Profit before taxation 725,970,971 4,261,224,238 542,883,808 Net profit 584,824,705 3,321,595,375 436,785,391 Return of Assets % 1.98 8.79 0.94 Return on Equity % 10.89 38.69 4.72


Performance indicators

1.1

1.2

1.3

7Annual Report 2017

1.4

1.5

1.6


1.7

1.8

9Annual Report 2017

The chairman’s messageIt gives me great pleasure to place before you the highlights of our Bank’s

performance during the financial year 2017.

As a leading bank, BMA has number of correspondent banking relations and

is a leading bank in terms of capital, profit and liquidity. Although the political

uncertainties and security concerns continued in 2016, the Bank has

remained committed to participate in developing in the economy and bank-

ing sector, and the bank performed well financially. It met its profit and

deposit targets. The Board of Supervisors (BoS) continued to provide signifi-

cant oversight to Board of Management of the bank, the BoS has held regu-

lar meetings during the year to discuss major issues in greater details. As per

best international practices and regulatory requirements bank policies and

procedures were upgraded including anti-money laundering and combating

financing terrorism (AML/CFT) policies, Risk Management Policy and IT

Security Policy was also reviewed and upgraded. I extend my personal

thanks and gratitude to the member of board, management team and all

staff of BMA for their hard work, attentiveness and dedications for making

this bank a successful financial institution.

Khalid “Zarif”


President & CEO’s MessageI am pleased to see a consistent growth of Bank-e-Millie Afghan (BMA)

in this changing and dynamic business environment. At Bank-e-Millie

Afghan, our vision is to pursue excellence in all our operating areas and

to remain as a trustable, dominant and leading bank in Afghanistan and

in the region for our valued customers by meeting customers' and

shareholders' expectation based on best international standards and

practices with respect to our customers, employees, shareholders and

the community we serve. Bank-e-Millie Afghan is committed to provid-

ing valuable, convenient and innovative products and services with the

attentive customer service. This commitment to our customers has

been in place for decades and will always define us simply because we

treat our customers the way we want to be treated.

During the year, the management had intensive reviewed and upgrade

of “Know Your Customer” KYC, and Anti-Money Laundering/Counter

Financing of Terrorism “AML/CFT” policies and procedure in order to

ensure we comply with the best international standards. BMA has

delivered consistently healthy profitability, despite challenging, albeit

improving, operating conditions during the year. We managed to grow

our assets to AFN 46.56 billion in 2017 (2016: AFN 37.7 billion)

23.50%increase. Deposits grew by 25.90%, Our Total Equity has

increased to AFN 9.26 billion in 2017 (2016: AFN 8.78 billion) 5.43%

increase. Our Tier Capital Ratio stands at 40.01% and Regulatory Cap-

ital Ratio of 41.22% is many fold higher than the minimum required ratio

of 12% (required by Central Bank of Afghanistan).

Ahmad Javed Wafa President & CEO

11Annual Report 2017

We believe our bank retains the highest CAMEL rating/scores (Capital, Asset quality, Manage-

ment, Earnings & Liquidity) of all banks operating in Afghanistan. The loan portfolio is well diver-

sified in different economic sectors, viz, Manufacturing, Trade, Services, Construction, Trans-

portation, Beverages, Education, Medicines, Fuel, and Dairy Products etc. And this has

enabled our role as growth engine in the national economic development.

During the year we have introduced ATM facility, Mobile Banking and Customer Care Call

Center. We believe that our structure enables us to provide the highest level of quality service,

competitive products, and value to our customers. On the capacity building side, we have

introduced 285 employees to different on-job trainings, workshops, and institutes ranging from

basic banking to specialized area viz. Risk Management, Auditing, Financial management,

Information Technology, Business Communication Skills, etc.

The presence of female staff in Bank-e-Millie Afghan which constitutes 10 % of employees is

the evidence of management commitment to ensure the gender equalities. The bank has

taken steps to support its female employees by providing kindergarten (childcare system in

bank) and transport facility.

We will continue to roll out fresh initiatives and invest in technological advancements to provide

our customers with a seamless, virtual and personalized offering in upcoming years and at the

same time to ensure we comply with the best international practices.

Finally I would like to take this opportunity to express my gratitude to our loyal clients, employ-

ees, board members and shareholders for the confidence and trust they have shown in us.


Corporate Governance BMA strives to protect the interest of all stakeholders including shareholders, regulators, customers,

employees and the public. BMA complies with all the regulatory requirements of Da Afghanistan Bank

(the central bank).

Shareholders

Shareholder Type of Company Incorporated Board Member Ownership % Ministry of Finance Government Entity Kabul Minister 97.193% Afghan Red Crescent Government Entity Kabul Secretary General 1.791% Pashtany Bank Government Entity Kabul CEO 0.980% Afghan Air Force Command

Government Entity Kabul Lieutenant General 0.032%

Kabul Muncipality Government Entity Kabul Mayor 0.004%

Board of SupervisorsThe main objective of the board of supervisors is to oversee the performance of the bank, establish the

bank business strategy and ensure the establishment, functionality appropriateness, adherence of Da

Afghanistan Bank (DAB) laws & regulations and adequacy of internal controls and risk management for

the bank.

The board of BMA is composed of three independent directors, and complies with DAB regulations.

The brief biographical profiles of the chairman and the members are included in this annual report.


Audit CommitteeThe audit committee of BMA is composed of three independent members duly approved by DAB,

The audit committee is responsible for reviewing the annual financial statements of the bank,

review bank’s policies regarding internal control and review the effectiveness of bank’s internal

control system. The committee convene once in a quarter.

Board of ManagementThe board of management carries out and manage the bank’s activities in a manner consistent with the

business strategy, risk appetite and other policies & procedures approved by board of supervisors. The board

of management organize the work and direct the day-to-day business operation of the bank pursuant to the

strategies & policies approved by board of supervisors, and monitor the day-to-day activities of the bank’s

employees.

A brief biographical profiles of the board of management are included in this annual report.


Board of SupervisorsAssociate Professor Abdul Malek Halimi was born in 1974 in Kabul,

Afghanistan. He completed his baccalaureate from Habibia High

School in the year 1989. Mr. Haleemi did his bachelor's in business

administration from Kabul University Faculty of Economics in 1995.

He did his Master's in development management from Institute of

Development Research and Development policy, Ruhr University of

Bochum, Germany in year 2006. In 1995, he joined Kabul University

Faculty of Economics as an associate professor. Since 2006, he

headed the Department of Economics, National Centre for Policy

Research at Kabul University. During 2007-2008 he was the Deputy

Director of “Research Magazine” of Kabul University. Further he

served as member of advisory board “Center for International Private

Enterprises” CIPE since 2010. Mr. Halimi has also been member of

the BMA Supervisory Board between 2014-2016. Since January

2016, he has been the Chairman of BMA Board of Supervisors.

Moreover, Mr. Halimi has conducted research and produced papers

in investment for private sector, economic and social impact of privat-

ization, trade and transit relations between Afghanistan and Pakistan,

India’s role in reconstruction of Afghanistan, private sector invest-

ment, consumer rights and its prospects in Afghanistan, human capi-

tal and its role in economic growth of Afghanistan. Mr. Halimi devel-

oped guidelines related to the preparation of dissertation reports for

faculty students. His contribution in introducing scientific research

methodology in Afghanistan especially Afghan universities is of great-

er value.

Associate Professor Abdul Malek Halimi


Abdul Majeed Jabarkhail is an experience banker and finance analyst.

Mr. Jabarkhail is approved as a supervisory board member in 2013 by

Da Afghanistan Bank (Central Bank of Afghanistan). He has worked on a

key positions with government and private sector. He worked as a Exec-

utive Director of Afghanistan Banks Association (ABA), Public Financial

Director with United States Assistance for International Development

(USAID), Senior Financial Management Specialist with Ministry of Educa-

tion. He has extensive experience in banking, budget & financial manage-

ment and capacity building. He played a key role in modernizing munici-

pality accounting and budgeting system and assisted in implementation

of performance based budgeting in municipalities. He has completed his

masters in international Financial Management from Guru GobindSingh

Indraprastha University in Delhi, India, and has completed his under grad-

uate degree in Economics from Nangarhar.

Mr. Khalid Zarif is a professional accountant who has rich experience in

banking. He worked in finance, banking, anti-money laundering and

combating financing of terrorism (AML-CFT). He has more than 14 years

working experiences. He has worked with a number of reputed national

and international organizations including Da Afghanistan Bank (Central

Bank of Afghanistan), Afghanistan Institute of Banking and Finance

(AIBF), American University of Afghanistan (AUAF), US Treasury Depart-

ment, International Rescue Committee -Learn For Life project (IRC- LFL),

USAID Bearing Point, and the Adam Smith Institute (ASI) in a variety of

capacities. He is a finalist of the Association of Chartered Certified

Accountants (ACCA). Mr. Zarif got his BA in Accounting from Oxford

Brookes University- UK, Advance Business and Finance Certificate from

ACCA, International Certified Assessor (AML-CFT) Certificate from Asia

Pacific Group- Financial Action Task Force regional body (APG-FATF),

Certificate in International Financial Reporting Standards and International

Accounting Standards (IFRSs & IASs) from ACCA Platinum Authorized

Learning Partner (P-ALP) and provisional trainer license's from Interna-

tional Financial Cooperation (IFC) of the World Bank.

Abdul Majeed Jabarkhail

Khalid Zarif


Board of ManagementAhmad Javed Wafa was appointed as President/CEO of Bank-e-Millie

Afghan after successfully attaining the approval of Board of Supervisors

and Da Afghanistan Bank (DAB). He formally joined the bank on 21

December 2015 after being officially introduced to the bank. Mr. Wafa is

a professional economist and banker. Since February 2016, he has

been working as a First Vice Chairman of Afghanistan Banks Association

(ABA) and remained as Acting Chairman. He previously worked as

Director Economic and Strategic Planning at the Administrative Office of

the President, Chief Risk Officer at Bank e Millie Afghan (BMA), Deputy

Director General Research Monetary and Fiscal Sector & Senior Analyst

External Sector at Monetary Policy Department with Da Afghanistan

Bank.

Mr. Wafa has also worked as a National Economic Specialist, Afghani-

stan Sub-national Governance Program (ASGP) with UNDP. During his

professional career as a senior economist and banker in various capaci-

ties, he has had substantial contributions to financial and monetary

stability of the Afghanistan economy, his contributions to monetary

stability during years 2009-2011 were remarkable.

Mr. Wafa completed bachelor degree in economics from international

Islamic university in 2008 and joined National Graduate Institute for

Policy Studies (GRIPS), Tokyo, Japan in 2011 where he successfully

completed master in public policy with specialization in economic policy

in 2012. After completing his master degree he has started working with

the commercial banking sector, during his tenure as Executive Director

at Afghanistan banking association, he has implemented strategic plan

for the flourishing future of ABA & its members and strengthen coordina-

tion among commercial banks and commercial banks with DAB and

ministry of finance.

Ahmad Javed Wafa President & CEO


Mr. Khalid Zarif is a professional accountant who has rich experience in

banking. He worked in finance, banking, anti-money laundering and

combating financing of terrorism (AML-CFT). He has more than 14 years

working experiences. He has worked with a number of reputed national

and international organizations including Da Afghanistan Bank (Central

Bank of Afghanistan), Afghanistan Institute of Banking and Finance

(AIBF), American University of Afghanistan (AUAF), US Treasury Depart-

ment, International Rescue Committee -Learn For Life project (IRC- LFL),

USAID Bearing Point, and the Adam Smith Institute (ASI) in a variety of

capacities. He is a finalist of the Association of Chartered Certified

Accountants (ACCA). Mr. Zarif got his BA in Accounting from Oxford

Brookes University- UK, Advance Business and Finance Certificate from

ACCA, International Certified Assessor (AML-CFT) Certificate from Asia

Pacific Group- Financial Action Task Force regional body (APG-FATF),

Certificate in International Financial Reporting Standards and International

Accounting Standards (IFRSs & IASs) from ACCA Platinum Authorized

Learning Partner (P-ALP) and provisional trainer license's from Interna-

tional Financial Cooperation (IFC) of the World Bank.

Mr. Wafa was able to successfully bring stability to the ABA operations and attain confidence

of members, donors and other stakeholders. During his tenure as Director Economic and

Strategic Planning at the Administrative Office of the President, he had significant role in

improving 100 days strategic planning of ministries by holding seminars & meetings, he had

substantial contributions in solving the issues faced by ministries in the implementation of

development projects, Mr. Wafa participated in WTO final working party negotiations, and

had great impact in improving the overall capacity of the directorate.

Mr. Wafa has authored several papers and articles on various national and international

issues related to banking sector, monetary policy, fiscal policy and international trade. Mr.

Wafa is a committed professional who has strong communicating and negotiating skills, he

has attended on job training in Central Bank of Italy, Macroeconomic Diagnostics in IMF,

Washington D.C. USA, Monetary Policy, Exchange rate and Capital flows in Central Bank of

Switzerland and attended several seminars, conferences and meetings on national and

international platform where he represented his country.


Chief Finance Officer Bank-e-Millie Afghan

Mr. Muhibullah Amini is a professional banker, accountant and financial ana-

lyst who has previously worked with Da Afghanistan Bank as senior financial

risk manager, deputy director risk management department and deputy gen-

eral director PCR, Mr. Amini joined BMA in 2010 in the capacity of deputy

chief internal auditor who was promoted to the Chief Internal Auditor in 2011,

he currently serves as Chief Finance Officer of BMA, in addition to serving

BMA he is a part time lecturer in university for the past 8 years, delivering

lectures on banking, finance, accounting and economics subjects. Mr. Amini

has successfully completed Master of Science in Economics and Bachelor

of Science (Honors) in Economics from international Islamic university Islam-

abad and has attended several seminars, trainings and conferences domes-

tically and abroad on banking, financial management, auditing, risk manage-

ment, fraud detection and management, banking supervision and etc

Chief Credit Officer (CCO) Bank-e-Millie Afghan,

he officially was appointed as CCO after receiving the approval of Board of

Supervisor of Bank-e-Millie Afghan (BMA) and successfully attaining the approv-

al of Da Afghanistan Bank (DAB). Since April 2016 he has been working as

Deputy Chief Credit Officer and remained as Acting Chief Credit Officer. During

2010 - 2016, Mr. Hakimi worked as Credit Disbursement General Manager at

Credit Department of BMA, as a Credit Disbursement General Manager, Mr.

Hakimi successfully introduced new products and schemes in the Credit

Department and brought significant changes in the loan portfolio of BMA. During

2002-2010, Mr. Hakimi worked as acting Chief Operations Officer (COO),

Deputy General Manager of Accounting Department, Secretary of Board of

Supervisors (BoS) at Bank-e-Millie Afghan. Mr. Hakimi has completed his sec-

ondary education in Mohammad Agha High School in Logar province. Then he

did his bachelor's degree in economics from Kabul University in 2002. Hakimi

has completed Associate Degree in Business Administration Management in

Berkeley College, New York, USA in 2010. Moreover, Mr. Hakimi has attended

advanced level training in banking both inside and outside Afghanistan. In 2005,

Mr. Hakimi worked with Economics Faculty of Kabul University as a part-time

lecturer of economics and banking.

Muhibullah Amini

Waheedullah Hakimi


Chief Operations Officer (COO) Bank-e-Millie Afghan.

Mr. Hassany is an experienced banker with broad experience both in

central and commercial banking. Mr. Hassany holds his bachelor's

degree in Economics from Islamic University of Science & Technology.

He worked as a Deputy & Acting Chief Operations Officer with BMA

during July 2009-May 2014 and Advisor to the BMA CEO in Islamic

banking during April-July, 2009. In Central Bank of Afghanistan (Da

Afghanistan Bank), Mr. Hassany worked as a Corporate Governance

Officer during July 2005-March 2009. He has also worked as a Logistic

and Procurement Officer with United Methodist Committee on Relief

(UMCOR), Kabul, Afghanistan during December 2004-July 2005, Field

Supervisor with Organization of Mine Clearance and Afghan Rehabilitation

(OMAR) during June 1999-December 2004. Mr. Hassany attend number

of advanced trainings, courses and seminars on Anti-Corruption in UAE,

Exchange Program and Economics Growth in Indonesia, On job training

on Legal framework for the banks at State Bank of Pakistan (SBP), Man-

agement and Evaluation Seminar and Problem Solving Course at Da

Afghanistan Bank.

Zainullah Hassany

Fida Mohammad Fida

Chief Risk Officer (CRO) Bank-e-Millie Afghan

is a professional banker, he has joined Bank-e-Millie Afghan (BMA) in

2017 and working at the capacity of Chief Risk Officer duly approved by

Da Afghanistan Bank (DAB), he has more than 9 years’ experience in the

banking sector with core competencies in Risk Management, Assets &

liability management, Operations Management, Accounts Management,

Strategic Planning, Compliance/KYC/AML/CFT, Credit Analysis, Credit

review, Financial analysis and Budgeting. He began his career with Azizi

Bank and later joining Bakhtar Bank where he rose to Deputy Chief Finan-

cial Officer (Dy.CFO). Prior to join BMA he had worked at the capacity of

Risk Manager at Afghanistan International Bank (AIB) for more than 4

years. He holds MBA degree (Specialized in Banking and Finance) from

American University of Afghanistan.


Kabul branches: 15BMA Main OfficeWazir Akbar KhanAfghan Tejarti MarkazSaid Noor Mohammad Shah MeenaKhair Khana MeenaMirwais MaidanShahararaFirst MacroryanShare NowGul Bahar CenterSarai ShahzadaKarte 3Ahmad Shah Baba MeenaSorubiDasht-e-Barchi

Kabul ATMs: 4Main BranchGul Bahar CenterWazir Akbar Khan Kart e SeeMirwais MaidanKart-e-nowArzan QimatDasht-e-Barchi

Kandahar branches: 1Kandahar Branch

Khost branches: 1Khost City Branch

Nangarhar branches: 1Jalalabad BranchTorkham Branch

Parwan branches: 1Parwan Branch

Helmand branches: 1Helmand Branch

Nimroz branches: 1Nimroz Branch

Herat branches: 1Herat Branch

Mazar- Sharif branches: 1Mazar-Sharif Branch

Baghlan branches: 1Pol-e-Khumri Branch

Kunduz branches: 1Kunduz Branch

15

2

1

1

1

11

11

1

1

Samangan

Bamyan

Badghis

Faryab

Jowzjan

Herat

Farah

Nimroz

HelmandKandahar

Zabul

Daykundi

Ghazni

Logar

Maidan Wardak

Paktia

Paktika

Oruzgan

Balkh Kunduz TakharBadakhshan

Baghlan

Panjshir Nuristan

KunarLaghman

Kabul

Khost

Nangarhar

Sar-e Pol

Parwan

Ghor

1

Samangan Branches:1Samangan Branch

2

Faryab branches: 2Andkhoy BranchFaryab Branch

1

Logar branches: 1Logar Branch

1

Ghazni branches: 1Ghazni Branch

2

Juzjan branches: 2Juzjan BranchAqcha Branch

1

Paktya branches: 1Paktya Branch

1 Laghman branches: 1Laghman Branch

Bank-e- Millie Afghan Branches Network

Chief Credit Officer (CCO) Bank-e-Millie Afghan,

he officially was appointed as CCO after receiving the approval of Board of

Supervisor of Bank-e-Millie Afghan (BMA) and successfully attaining the approv-

al of Da Afghanistan Bank (DAB). Since April 2016 he has been working as

Deputy Chief Credit Officer and remained as Acting Chief Credit Officer. During

2010 - 2016, Mr. Hakimi worked as Credit Disbursement General Manager at

Credit Department of BMA, as a Credit Disbursement General Manager, Mr.

Hakimi successfully introduced new products and schemes in the Credit

Department and brought significant changes in the loan portfolio of BMA. During

2002-2010, Mr. Hakimi worked as acting Chief Operations Officer (COO),

Deputy General Manager of Accounting Department, Secretary of Board of

Supervisors (BoS) at Bank-e-Millie Afghan. Mr. Hakimi has completed his sec-

ondary education in Mohammad Agha High School in Logar province. Then he

did his bachelor's degree in economics from Kabul University in 2002. Hakimi

has completed Associate Degree in Business Administration Management in

Berkeley College, New York, USA in 2010. Moreover, Mr. Hakimi has attended

advanced level training in banking both inside and outside Afghanistan. In 2005,

Mr. Hakimi worked with Economics Faculty of Kabul University as a part-time

lecturer of economics and banking.


Financial Statments:

Chief Risk Officer (CRO) Bank-e-Millie Afghan

is a professional banker, he has joined Bank-e-Millie Afghan (BMA) in

2017 and working at the capacity of Chief Risk Officer duly approved by

Da Afghanistan Bank (DAB), he has more than 9 years’ experience in the

banking sector with core competencies in Risk Management, Assets &

liability management, Operations Management, Accounts Management,

Strategic Planning, Compliance/KYC/AML/CFT, Credit Analysis, Credit

review, Financial analysis and Budgeting. He began his career with Azizi

Bank and later joining Bakhtar Bank where he rose to Deputy Chief Finan-

cial Officer (Dy.CFO). Prior to join BMA he had worked at the capacity of

Risk Manager at Afghanistan International Bank (AIB) for more than 4

years. He holds MBA degree (Specialized in Banking and Finance) from

American University of Afghanistan.


Locate us


Get In Touch

BANK-e- MILLIE AFGHAN

Documents

Transcript of BANK-e- MILLIE AFGHAN