KABUL (Pajhwok): The Ministry of Finance (MoF) on Tuesday identified two ‘preferred buyers’ of the New Kabul Bank and asked the companies, including a local firm and a Pakistani bank, to submit their technical proposals in the next four months.
Once the country’s largest lender, the Kabul Bank plunged into deep crisis in 2009, when it lost $987 million in fraudulent property deals, huge off-book loans and credit to fake corporations. The big-time scam prompted the government to take over the bank’s affairs and . . .
