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| Afghanistan |
| MPs Claim Azizi Bank on the Verge of Collapse |
| 2011-07-13 |
| [Tolo News] Some parliamentarians on Monday warned that Azizi Bank, Afghanistan's second-biggest private financial institution, is on the brink of collapse. But the allegation was dismissed by governor of Azizi Bank. An investigation into Azizi Bank by International Monetary Fund has been impeded by some government officials for several times, some politicians claimed. Governor of Azizi Bank Mirwais Azizi denied having any connection with International Monetary Fund. On Monday the Afghan House of Representatives, fearing Azizi Bank would have the same fate as that of Kabul Bank that sank the country into crisis, discussed the bank and warned of possible bankruptcy. Hossain Fahimi, Afghan MP, said: "I want to announce to all Afghans from here that Azizi Bank would face the same fate as the Kabul Bank." "Azizi Bank is facing collapse. Most clients of Onyx Construction Company have taken loans from Azizi Bank. Loans should be based on regulations," another member of parliament, Monawar Shah Bahaduri, said. Some parliamentarians accused "certain politicians" of receiving cash to keep their mouth shut regarding the issue. "Today early in the morning, they brought me one million dollars and asked me to keep quiet," Abdul Zaher Qadir, Afghan MP, claimed without elaborating further. But Governor of Azizi Bank Mirwais Azizi told TOLOnews: "We totally dismiss this allegation. Azizi Bank has only one building and all the other physical assets belong to the bank. The bank has no other property to sell." Mr Azizi further said that "around $200 millions of $550 millions of deposit in Azizi Bank are paid in loans and the remaining 300 to 350 millions of dollars are available in cash in the bank and in the central bank." Legislators asked the acting governor of the central bank to update the house this weekend about the current state of Azizi Bank. |
| Posted by:Fred |