Azizi Bank went bankrupt as the second private bank in Afghanistan Azizi Bank went bankrupt as the second private bank in Afghanistan
Some members of the Wolesi Jirga have announced the bankruptcy of Azizi Bank, Afghanistan’s second largest private bank.
It is said that the economic crisis that led to the bankruptcy of Kabul Bank Grid has now affected the country’s second largest private bank.
Kabul Bank’s shareholders withdrew about $ 900 million from the bank and invested in other areas.
Deputies say the crisis at the bank, like Kabul Bank, was caused by the purchase of a house and expensive deals in Dubai, which have suffered up to 60 percent losses following the country’s market downturn.
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