Afghan govt says bank safe amid rush for withdrawals
Afghan financial authorities and the owners of Afghanistan's biggest bank said Thursday that Kabul Bank was in no danger of collapsing, as people across the country rushed to withdraw their money.
Afghans wait to withdraw money from the Kabul Bank in Kabul on September 2. Afghan financial authorities and the owners of Afghanistan's biggest bank said Thursday that Kabul Bank was in no danger of collapsing, as people across the country rushed to withdraw their money.
Finance Minister Hazrat Omar Zakhailwal called a press conference to reassure customers of Kabul Bank that it was solvent, saying the administration of President Hamid Karzai fully backed the institution.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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