Pashtany Bank is a state owned bank established in 1954 started its operations with the initial investment of Afs 120 million employing 22 staff and major shareholding was Pension Fund, Afghanistan Agriculture Bank and some other entities and is registered with Da Afghanistan Bank (Central Bank of Afghanistan) under the commercial banking license to operate nation-wide. The Bank has been operating as one of the leading commercial banks and dominated the commercial banking sector in Afghanistan since its establishment. Its contributions in enabling and expanding financial inclusion and providing variety of banking products and services has been vital to the economic development of the country . Moreover, Pashtany Bank has been considerably contributing to the growth and development of real sectors of economy and the community continuing to its own strategic objectives. The bank has presence in capital city and provinces offering wide variety of products and services based on the market needs and its customers’ expectations.. Since its establishment, Pashtany Bank is committed to excellence and is operating with full transparency, fairness and disclosure to its stakeholders.
Mr. Janat Khan Gharwal was appointed as the first president of the bank. He took many initiatives leading the bank to its growth. He established 10 new departments within its main office along with five local, four provincial branches, three border branches. In order to meet growing demand of its customers, Pashtany The bank had more than 50 correspondent banking relations making it a dominant bank in terms of business relations with the top banks in the developed and developing world. Bank established three foreign branches also located in Peshawar, Chaman, and Karachi cities of Pakistan. In the first 19 years, the bank had a strong growth and a track record of good recovery and expanded its assets size, while continuing to be recording strong profitability under his leadership/or stewardship The bank has since has undergone significant reforms and the modernization process of the bank is well on track based on the market needs and the requirement of the dynamic financial sector in the region.
The bank strengthened its corporate governance structure, established an independent Board of Supervisors (BoS) meeting on monthly basis, have independent Compliance, Risk Management and Internal Audit departments based on the current market needs and emerging requirements of the growing financial industry promoting accountability, transparency, disclosure and strong internal controls. In addition to this, the bank has also invested a lot in its soft infrastructure to meet best international compliance and risk management standards thereby making it a leading institution in terms of internal controls, innovation and corporate governance in the country with potential for sizable growth, while abiding by its corporate social responsibilities.