Bank-e-Millie Afghan

Bank-e-Millie Afghan (BMA) was the first financial institution in Afghanistan, which opened in 1933 by Herati businessman Abdul Majid Zabuli. It was established as a public-private partnership, with a 72 percent share held by the private sector. BMA was instrumental in introducing formal banking services to the people and government.[1]

Bank-e-Millie Afghan
Private
Founded1933
HeadquartersEbn-e-Sina Rd, Kabul, Afghanistan
Websitewww.bma.com.af
Bank-e-Millie Afghan Main office

In 1976, BMA was fully nationalized by the government of Afghanistan. BMA has 15 city branches in Kabul, along with 21 provincial branches.

References


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.