By Associated Press
Lawmakers allege Afghan bank made questionable loans; Azizi Bank insists it’s on solid footing
KABUL, Afghanistan — Afghan lawmakers demanded assurances Monday that a top Afghan bank is on solid financial footing and not facing collapse like the corruption-ridden Kabul Bank. Azizi Bank officials said rumors of problems at the bank were baseless and offered to open its books to auditors.
The financial condition of Azizi Bank is important because Kabul Bank’s near-demise due to mismanagement and questionable lending has left the nation in financial crisis. The International Monetary Fund’s displeasure over how the Afghan government has handled the Kabul Bank crisis has jeopardized billions of dollars flowing into a country at war and heavily reliant on foreign aid.