

Location: Kabul, Afghanistan
Region: South and Central Asia, Middle East
Neighboring Countries: Pakistan, Afghanistan, Iran, Uzbekistan, Tajikistan, China
Population: 32,700,000
GDP Per Capita (PPP): $733 (2007 est.)
Politics: Islamic Presidential Republic
Economy:
Source: Wikipedia and CIA Factbook
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Bhartiya Samruddhi Finance Ltd
BRAC Afghanistan Bank
BRAC Bank Limited
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Client Banks / BRAC Afghanistan Bank
Website: http://www.bracafbank.com
In late 2001, the senior management team of the Bangladesh Rural Advancement Committee (BRAC) NGO, one of the largest development finance institutions in the world, saw the opportunity to share the organization's knowledge and expertise with others in challenged environments and founded BRAC Afghanistan NGO in May 2002. The creation of BRAC Afghanistan Bank followed four years later.
BRAC Afghanistan Bank (BAB) is the fourteenth scheduled bank in Afghanistan. It received its license from Da Afghanistan Bank (the Central Bank of Afghanistan) on September 28, 2006 and began operations on October 4, 2006. The main focus of BAB is small business lending but its portfolio has expanded to include a range of credit and savings products. The bank’s extension into the small business sector is a natural follow-on to the NGO’s significant development activities, including microfinance lending. BAB maintains one branch and three sub-branches in Kabul. Client segments include retail and corporate depositors and small business clients.
Main ShoreCap Exchange Capacity Building Support Areas:
Developing Strategic Leadership for Senior Management, Chennai, India, August 2009
Leveraging Human Capital for Performance and Growth HR Forum, Luxembourg, Luxembourg, May 2008
|
Financial Performance |
2007* |
2008 YTD** |
|
Net Loans Outstanding (in mil) |
$3.3 |
$5.8 |
|
Total Deposits (in mil) |
$7.6 |
$8.7 |
|
Return on Average Assets |
(2.9%) |
(5.1%) |
|
No. of Borrowers |
548 |
1,351 |
|
No. of Depositors |
1,657 |
6,944 |
|
No. of Branches |
1 |
4 |
|
No. of Employees |
149 | 196 |
|
No. Development Loans |
|
|
|
- Year to Date |
548 | 1,806 |
|
- Cumulative |
579 |
2,385 |
|
Fx Rate (AFA/$): |
49.9 |
52.1 |
N/A - Not Applicable
NA - Not Available
*BRAC Afghanistan Bank began operations in October 2006.
**As of 12/31/08.