Azizi Bank

Stock performance

History

Azizi Bank was established in 2006 by businessman Mirwais Azizi and grew into Afghanistan's largest commercial bank, with branches in most of the country's provinces.

Business model

Azizi Bank provides deposits, payments, trade finance, and money transfers, and has operated Islamic banking services. Since 2021 its operations have been constrained by the freezing of Afghanistan's central-bank reserves abroad, sanctions, and limits on cash withdrawals.

Market position

Azizi Bank is the largest commercial bank in Afghanistan by branch network and deposits.

Country impact

The collapse of foreign aid and the freezing of reserves after August 2021 triggered a severe liquidity crisis in Afghan banks, and institutions like Azizi Bank became essential for channeling the humanitarian funds and remittances on which the economy depends.