In 2006, the bank’s net profits rose 46.9% to $2.6m, assets grew by 73.3% to $76.4m and the bank achieved an increased return on equity (RoE) of 32.9%. The bank has continued to invest in providing high-quality infrastructure and maintaining high international standards.
Chief executive Nasreen Sattar says: “Standard Chartered Bank continues to play a leadership role in the financial services sector by providing banking needs for the active players (ie. non-governmental organisations, inter-governmental agencies) in the reconstruction of Afghanistan, leveraging on its wide international network and superior technology to provide unique modern banking products and solutions. Its presence has been catalytic in the maintenance of donor and investor confidence in the Afghan economy.
“Our anti-money-laundering/know-your-customer regime, compliance with central bank guidelines and our social responsibility projects have all been exemplary. The bank has cushioned itself against possible business interruption by investing in a state-of-the-art business continuity plan outfit, which has engendered customer confidence in this fragile environment. The bank plans to increase its ATM population and introduce additional high-tech products for the convenience of our esteemed clientele and to meet the increasing needs of the growing Afghan economy in general.”
