Profile

About Us >> Profile

Background

Afghanistan is a country that has been in conflict for the last few decades. The prolonged conflict in Afghanistan has resulted in large-scale deterioration particularly in the economic structure of the country. The new government has been taking lot of initiatives since the day it took charge, to bring the economy on track again. The efforts of the present day government have taken time to yield results mainly on account of the reduced inflow of funds from the donors. The large scale foreign fund inflows have reduced to a trickle and the same is getting reflected in the economic activity of the country. A sound banking system is the back bone for any country's economic progress. The same assumes even greater significance when a country has undergone such turbulence and there is an imminent need for , and to contribute in the economic restructuring process of the economic restructuring. The existing banking system prevailing in the country needs to be further strengthened by theadopting flexible banking laws and regulations.There is a need for the banking facilities to be spread across the country in order to the unbanked areas and sections of society under the banking umbrella. The traditional Hawala system (typical cash based system) of financial transactions prevailing in this country must be substituted by a strong and stable banking industry to enable all the financial transactions to pass through the normal banking channel this will help put a stop to unauthorized financial transactions.


Introduction

Maiwand Bank, focusses on the financial needs of private and public sector in Afghanistan. The bank is well aware of the urgent need for banking services and strongly believes that this sector is crucial for supporting the reconstruction of the country's economy and developmental efforts of the Government. Maiwand Bank, like the other members of the banking fraternity, contribute by providing quality banking services at nominal charges.
Maiwand Bank is one of the largest, strongest and fastest growing Commercial Banks in Afghanistan. The bank was established & commenced Banking operation from 1st January, 2009. Within a short span of 7 years, the Bank has a Branch Net Work of 42 branches with deposits of USD 335 Million and advances of USD 150 Million. Further licenses for opening of more branches are under process. The bank has presence in 17 provinces and intends to mark its presence in all provinces in near future.
Maiwand Bank, promoted by Afghan Nationals with strong capital base of AFN 1500 Million, aims to provide innovative products and services for the Afghan public. The Bank functions as a commercial banking institution in Afghanistan and acts as a strong catalyst for economic growth and business prosperity in the economic reconstruction process of Islamic Republic of Afghanistan. It strives to create a true partnership with the private and public sectors and to meet Afghanistan's financial services needs. Maiwand Bank, under guidance of professional promoters, supported by dedicated team of qualified, experienced international bankers, experienced in operating under sub-continental economic and social conditions, has been established as one of the strongest commercial banks of Afghanistan. Maiwand Bank is committed to expand its geographical coverage and offer its diversified products more effectively and efficiently to a larger section of the society. Correspondent banking relationship with reputable multinational commercial banks have been established in order to facilitate international payments and financial services. Capacity building of the local talent is an important focus area. Utilisation of the Afghan talent to the maximum extent possible, training programs for their further grooming and devising career paths for the promising local people shall ensure smooth transition of the bank’s management to them as it's operations grow.


Vision Statement

"To emerge as a financially sound, customer-centric, progressive, dynamic & technology driven Afghan bank with international operations, committed to manage the business with professionalism, transparency and trustworthiness, observing best practices and standards of corporate governance and social responsibilities."


Mission Statement

"Providing financial services of global standards, thereby bringing delight to the customers, aspirational satisfaction to the staff and maximization of profits to the shareholders."


Board of Supervisors

The Board of Supervisors is selected by the Share holders of the bank to conduct the banking business in a more prudent manner to protect the interest and enhance the share holder's value with proper planning and controlling of the affairs of the bank. The Board of Supervisors for Maiwand Bank is as under.

Name of the Directors Position Brief Profile Remarks
Mr. L P Agarwal Chairman of Board of Supervisors A seasoned banker having rich experience in banking and management Mr Agarwal is a Law Graduate and Chartered Accountant by qualification. He has worked with Punjab National Bank for 28 years and with PNB Investment Services for 3 years. He is an expert in Corporate debt, Finance and management. Duly approved by Da Afghanistan Bank
Mr.P V V Rama Raju Member of Board of Supervisors Mr. Rama Raju is a Member of Board of Supervisors of Maiwand Bank since Feb 2016., . Prior to this, Mr Rama Raju was with UNDP-MBAW project as a Public Finance Management Advisor at, Ministry of Finance, Kabul Afghanistan from 21.09.2012 to 31.03.14. Mr Rama Raju was the founder President & CEO of Maiwand Bank from June 2008 t July 2012, who had associated with the Founder Chairman of the bank Dr Fraidoon Noorzad since preliminary stage, involving in every aspect and instrumental in establishing the bank. Mr Rama Raju was on a diversified assignment from 2007 to 2008 with the Ministry of Finance, Islamic Republic of Afghanistan as a revenue advisor for a specific Revenue enhancement project, at Ministry of Transport & Civil Aviation and responsible for the revenue enhancement for civil aviation. Mr Rama Raju came to Afghanistan and associated with Azizi Bank as CFO –cum- Training Manager from 2006 to 2007. Mr Rama Raju, a well qualified and experienced commercial banker, was associating with PUNJAB NATIONAL BANK, one of the oldest, largest and biggest Nationlised Banks in INDIA for a period of 20 years from 1986 to 2006 at all field levels and functional levels of the bank. Prior to joining Punjab National Bank, Mr Rama Raju had associated with various corporate companies in Hyderabad, India as a Commercial Officer from 1982 to 1986. Duly approved by Da Afghanistan Bank
Mr.S N Tripathy Member of Board of Supervisors Mr. Tripathy started his career in State Bank of India as probationary officer in 1984. During his service in SBI, handled assignments in General Banking, Credit, Operations, HR & training & retail Marketing. He took VRS from SBI in 2006 as Assistant general Manager. Thereafter joined SBI Life as Vice President and worked in Marketing, operations, Underwriting, Corporate Affairs, and Industrial Relations & Audit. He has been Chairman of Audit Committee of Maiwand Bank since 2015. Duly approved by Da Afghanistan Bank


Management Team

The Management Team of Maiwand Bank comprises of qualified and experienced banking professionals from the neighboring countries.The team is entrusted with the responsibility of management of the banking activities in strict compliance of the Banking and other laws under the guidance and supervision of the Board of Supervisors.

Name of the Executive Position Brief Profile Remarks
Need to be updated. Chief Executive Officer Need to be updated. Duly approved by Da Afghanistan Bank
Need to be updated. Chief Credit Officer Need to be updated. Need to be updated.
Mr. P Mohan Chief Operations Officer A graduate in Science, post graduate in Commerce and a Certified associate of Indian Institute of Bankers, besides a Diploma in Computer Applications, Mr Mohan is a career banker having vast international experience in Credit, Training, Management and Banking Operations in India and abroad. Duly approved by Da Afghanistan Bank
Need to be updated. Chief Risk Officer Need to be updated. Need to be updated.
Mr. Ketan Kumar Joshi Chief Finance Officer Mr. Ketan Kumar Joshi is a professionally qualified Chartered Accountant from the ICAI, a Commerce graduate from The Calcutta University, CS (Inter) the ICSI, underwent various certified courses in IFRS, JAIIB from India, obtained a Diploma in Shariah Standards applicable on Islamic Baking Products.He is having a rich experience of over 22 years in Banking in various fields like Credit, Finance & Accounts, Funds Raising, Taxation, IFRS related matters. Duly approved by Da Afghanistan Bank


Compliance Department

Name of the Executive Position Brief Profile Remarks
Mr. Rongala Ramakrishna Rao Cheif Compliance Officer Mr. RONGALA RAMAKRISHNA RAO, M.COM., LL.B., CAIIB (Part-I) is a qualified and accomplished professional Banker having over 31 years of rich and varied experiences in globally recognized Punjab National Bank, out of which 22 years in Head Office functions, having exposure in Head Office operations in Internal Audit, System Review of systems and procedures, IT, Vigilance Investigation, Overseeing M&A, Retail Banking, Branch Banking and he is a certified Anti Money Laundering Officer from GAFM, USA. Duly approved by Da Afghanistan Bank


Audit Department of Bank

The bank had a full-fledged internal AUDIT system to ensure the compliance of the policies of the bank as well as the Banking laws of Afghanistan with international Audit standards.

Name of the Executive Position Brief Profile Remarks
Need to be updated. Chief Internal Auditor Need to be updated. Need to be updated.


External Auditors

M/S ERNST & YOUNG FORD RHODES SIDAT HYDER are our External Ausitors. M/s EYFRSH are an associate of E&Y who are approved by Da Afghanistan Bank.



Products & Services

  • Deposits
  • Loans & Advances
  • Trade Finance
  • Remittances Foreign as well as Inland
  • Multi currency transactions in Afghani, USD< Euro and GBP
  • ATM, Debit Card & POS services
  • Internet Banking
  • SMS
  • Islamic Banking on Profit Sharing basis

Maiwand Bank, fully equipped with the latest state of art technology in a secured environment, the bank definitely differentiates itself, as a newly emerging strong bank, from the competitors by offering diversified products lines, excellent customer service, student loan programs, Sharia compliant products, and other services with accessibility to the rural population, through a transparent, sound and quality management. Products of the bank are widely divided basically into three kinds, Asset products, Liability products and service products.



Founding Principles

  • Sharing social responsibility in reconstruction of our Great Nation which suffered a two decade long internal conflict & external wars.
  • To transform the belief and remove ignorance about banking from the Society.
  • To encourage the habit of Savings.
  • To help the needy with financial support.
  • To serve the customers with sense of Service and Dedication.
  • To spread the Banking & Financial services across all the provinces of Afghanistan.
  • To focus on development of under privileged segments of economy.


Our Business Principles and operational ethics

  • We invest in our clients and with our clients.
  • We treat our clients as our business partners.
  • We provide the best training to our employees.
  • Never speculate with client's money and trust
  • Always fulfill our promises.
  • We never promise what we can not deliver.
  • We respect money and money respects in turn to those who respects money.
  • We always remember our obligation to shareholders and never forget our moral responsibility to the people who put trust on us.
  • We always strive to enhance the value for all the stake holders.
  • We never discriminate on the basis of skin color, language, religion or gender.
  • We are very scrupulous in selection of our clients.
  • We must know sources of their income and be sure about legality of their business.
  • We are strict in following laid down procedures and compliance of the laws.


Special features-USP

  • Strong Capital Base with dedicated international management team.
  • Any where any time banking facilities through Centralized Banking Services.
  • Fully techno savvy with the latest software and secured environment.
  • Innovative product line driven with technological innovations.
  • Successful product delivery with latest delivery channels viz ATM, Net Banking etc.
  • Strong commitment towards the society to provide the support for the Governmental activities of collection of Taxes and other utility payments.


Techno savvy Bank

The Maiwand Bank offers Any Where Banking through Core Banking Solutions. The Bank also provides Internet Banking and SMS Banking services for Corporate as well as individuals, thereby providing 24 hour, 365 days banking right from the PC / mobile of the user, offering world class banking services and account access anytime, anywhere, complete details of transactions, and statement of account, online information of deposits, loans overdraft account etc.


Risk Management

The bank has implemented all the tools for the risk management to mitigate the operational risk, credit risk and market risk. Bank has established the Asset Liability Management Committee to assess and measure the risk parameters of the banking operations by proper liquidity and fund management.


IT Department

Maiwand Bank established an independent IT department to cater to all the IT needs of the Bank viz networking and connectivity with strong IT professionals. The data of the bank is maintained at a central location with the connectivity to all the branches providing anywhere, anytime banking facilities to the clients in a more secured manner.


SWIFT Facility (MWBKAFKA)

Maiwand Bank, with SWIFT facility, is able to provide international remittance facilities. Maiwand Bank has been able to exchange the SWIFT exchange keys with international banks for the purpose of establishing Letters of Credit and other related products. We have built in AML compliance filtering software “En Safe Watch” installed in our SWIFT connectivity to ensure strict compliance of AML.


Independent Functional Departments

  • Operations
  • Credit
  • Internal Audit
  • Finance
  • IT
  • AML - KYC compliance
  • HR
  • Admin and Logistics
  • SWIFT Remittances
  • Marketing & Advertisement
  • Islamic Banking
  • Western Union
  • Alternate Delievery Channels


Western Union

Maiwand Bank became the member of the Western Union agent community to provide Western Union branded money transfer services by fastest and safest manner.
Maiwand Bank, with a clear Vision and Mission to become one of the strongest commercial bank, is planning to expand it's wings by spreading the network allover the Afghanistan in a phased manner. It is also committed to provide all the latest techno savvy products by leveraging the latest technological innovations to meet the present day challenges.


Ladies Banking

Maiwand Bank recognized the need to provide special products and services of banking to ladies community through a special branch for ladies. Maiwand bank is the first bank in the country to introduce Ladies Banking, a dedicated banking branch only for ladies.
Maiwand Bank by opening special branch for ladies, has set a benchmark for the local banking industry. The bank has been enthusiastically providing banking services to the ladies by professional and well trained female banking staff at the Bank's Ladies Branch. This ladies branch is fully equipped to serve ladies and attend to their banking needs quickly and efficiently in complete privacy, confidentiality and convenience that the local culture expects. This special branch provides an exclusive banking to ladies by dedicated ladies staff.
The bank is now providing Ladies banking facility at 10 branches in Kabul and provincial branches.


Superior Service

Maiwand Bank differentiates itself from the competitors by offering diversified products and qualitative service to the general public of Afghanistan. In addition, Maiwand Bank offers diverse product lines, excellent customer service, and accessibility to the women community through special ladies branch.


Master Card

Maiwand Bank has obtained Principal Membership from Master Card international. The bank provides Master Card facility to all its customers. The bank is presently providing only debit cards. It proposes to soon launch Prepaid Cards.


Location of Head Office

Maiwand bank headquarters is strategically located at Turabaz khan Square, Share-e-naw, Kabul, Afghanistan, the most commercial part of Kabul, the capital city of Afghanistan,. This provides a central location accessible from different parts of Kabul. And as per the Vision and Mission statement of the Bank, it is planning to open in most of the commercial areas of Kabul along with in all provincial capitals of the country to provide the banking services across the country.

Board of Supervisors

About Us >> Board of Supervisors

Mr. L P Agarwal - Chairman of Board of Supervisors

Mr. L P Agarwal, A seasoned banker having rich experience in banking and management Mr Agarwal is a Law Graduate and Chartered Accountant by qualification. He has worked with Punjab National Bank for 28 years and with PNB Investment Services for 3 years. He is an expert in Corporate debt, Finance and management.


Mr.P V V Rama Raju - Member of Board of Supervisors

Mr. Rama Raju, is a Member of Board of Supervisors of Maiwand Bank since Feb 2016., . Prior to this, Mr Rama Raju was with UNDP-MBAW project as a Public Finance Management Advisor at, Ministry of Finance, Kabul Afghanistan from 21.09.2012 to 31.03.14. Mr Rama Raju was the founder President & CEO of Maiwand Bank from June 2008 t July 2012, who had associated with the Founder Chairman of the bank Dr Fraidoon Noorzad since preliminary stage, involving in every aspect and instrumental in establishing the bank. Mr Rama Raju was on a diversified assignment from 2007 to 2008 with the Ministry of Finance, Islamic Republic of Afghanistan as a revenue advisor for a specific Revenue enhancement project, at Ministry of Transport & Civil Aviation and responsible for the revenue enhancement for civil aviation. Mr Rama Raju came to Afghanistan and associated with Azizi Bank as CFO –cum- Training Manager from 2006 to 2007. Mr Rama Raju, a well qualified and experienced commercial banker, was associating with PUNJAB NATIONAL BANK, one of the oldest, largest and biggest Nationlised Banks in INDIA for a period of 20 years from 1986 to 2006 at all field levels and functional levels of the bank. Prior to joining Punjab National Bank, Mr Rama Raju had associated with various corporate companies in Hyderabad, India as a Commercial Officer from 1982 to 1986.


Mr.S N Tripathy - Member of Board of Supervisors

Mr. Tripathy started his career in State Bank of India as probationary officer in 1984. During his service in SBI, handled assignments in General Banking, Credit, Operations, HR & training & retail Marketing. He took VRS from SBI in 2006 as Assistant general Manager. Thereafter joined SBI Life as Vice President and worked in Marketing, operations, Underwriting, Corporate Affairs, and Industrial Relations & Audit. He has been Chairman of Audit Committee of Maiwand Bank since 2015.


Profile of CEO

About Us >> Profile of CEO

Need to be updated.

Management Board

About Us >> Management Board

The Management Board of Maiwand Bank comprises of qualified and experienced banking professionals from the neighboring countries, with specific focus on the relevant areas of banking, who will take the responsibility of execution and management of the banking activities in strict compliance of the Banking and other laws in providing direction to the Board of Supervisors in achieving the Vision and Mission of the Bank.


Chief Executive Officer

Need to be updated.



Chief Credit Officer : Member of the Board of Management.

Need to be updated.



Chief Finance Officer: Member of the Board of Management.

Mr. Ketan Kumar Joshi ,is a professionally qualified Chartered Accountant from the ICAI, a Commerce graduate from The Calcutta University, CS (Inter) the ICSI, underwent various certified courses in IFRS, JAIIB from India, obtained a Diploma in Shariah Standards applicable on Islamic Baking Products.He is having a rich experience of over 22 years in Banking in various fields like Credit, Finance & Accounts, Funds Raising, Taxation, IFRS related matters.



Chief Risk Officer: Member of the Board of Management.

Need to be updated.



Chief Operations Officer: Member of the Board of Management.

Mr. P MohanA graduate in Science, post graduate in Commerce and a Certified associate of Indian Institute of Bankers, besides a Diploma in Computer Applications, Mr Mohan is a career banker having vast international experience in Credit, Training, Management and Banking Operations in India and abroad.



Organizational structure & setup

About Us >> Organizational structure & setup

Click On Image To Enlarge.

Word Of Chairman

About Us >> Word Of Chairman

word of chairman

Compliance

About Us >> Compliance

Mr. Rongala Ramakrishna Rao, Cheif Compliance Officer

Mr. RONGALA RAMAKRISHNA RAO, M.COM., LL.B., CAIIB (Part-I) is a qualified and accomplished professional Banker having over 31 years of rich and varied experiences in globally recognized Punjab National Bank, out of which 22 years in Head Office functions, having exposure in Head Office operations in Internal Audit, System Review of systems and procedures, IT, Vigilance Investigation, Overseeing M&A, Retail Banking, Branch Banking and he is a certified Anti Money Laundering Officer from GAFM, USA.

Duly approved by Da Afghanistan Bank


Compliance

About Us >> Audit