Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date 17 Feb 2006
PDS Updated as of 08 Jul 2014

Project Name AFG: AFGHANISTAN INTERNATIONAL BANK
Borrower/Equity Investment Name AFGHANISTAN INTERNATIONAL BANK
Country Afghanistan
Project/Program Number 37903-014
Status Approved
Geographical Location Kabul
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector and/or Subsector Classification Finance
/ Banking Systems
Strategic Agendas
Drivers of Change
Gender Mainstreaming Categories

Project Sponsor

Afghanistan International Bank

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
PS7199Equity Investment
(Fully Disbursed)
2,602
TOTAL USD 2,602

Summary of Environmental and Social Issues

AIB is classified as a financial intermediary based on ADB's Environment Policy, which requires AIB to (i) adhere to ADB's Environment Policy and Environmental Assessment Guidelines, (ii) adhere to ADB's policies on involntary resettlement and indigenous peoples, and (iii) acknowledge that all borrowers comply with Afghanistan's health, safety, and environmental regulations and standards, and public consultation requirements. AIB has complied with these policies and no breach has occured. AIB also has environmental due diligence policies and procedures that are embedded in its documents, specifically in its artictles of association and credit policy. The bank's enviromental management system (EMS) includes an exlusion list of prohibited industries, which is an integral part of its credit risk management. AIB conducts environmental due diligency, and applies the equator principles in relation to its EMS. It has complied with ADB's social safeguard policies and no involuntary resettlement or impact on indigenous peoples resulted from its activities.

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

Description

1

Objectives and Scope

AFG: AFGHANISTAN INTERNATIONAL BANK

Project Rationale and Linkage to Country/Regional Strategy

The Project is consistent with ADB s strategy for private sector operations, which gives priority to investments in the financial sector.

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
ADB, as a key investor, continues to demonstrate its commitment and support to AIB, helping in the area of corporate governance, risk management, training and supervision through its presence on the Supervisory Board of the Bank. The Board consists of 5 independent members, in addition to 4 representing the shareholders, bringing in line with international best practices.
Material Changes

Business Opportunities

Date of First Listing
Consulting Services
Procurement
Procurement and Consulting Notices
http://www.adb.org/projects/37903-014/business-opportunities

Timetable

Concept Clearance 28 Jan 2003
Fact-finding 23 Feb 2003 to 28 Feb 2003
Management Review Meeting
Approval 13 May 2004
Last Review Mission 23 Feb 2004 to 23 Feb 2004

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Private Sector 7199 13 May 2004 29 Jun 2004 16 Dec 2004

Contacts and Update Details

Responsible ADB Officer Veronica John ( @adb.org)
Responsible ADB Department Private Sector Operations Department
Responsible ADB Divisions Private Sector Financial Institutions Division
Executing Agencies

Links

Project Website http://www.adb.org/projects/37903-014/main
List of Project Documents http://www.adb.org/projects/37903-014/documents