Central Bank cancelled the license of an Iranian Bank
Reporter: Seyed Mojtaba Sadat
The Central Bank of Afghanistan has revoked the license of Arian Bank. Arian Bank is the only Iranian bank operating in Afghanistan.
Central Bank spokesman Emel Hashour told the media: The Supreme Council of the Central Bank has revoked the license of Arian Bank in Iran for three reasons, saying that it did not comply with the law and regulations of the country’s banking system and the instructions of the central bank, as well as the bank’s operations in Afghanistan’s economic growth and development.
This is while the Central Bank of Afghanistan revoked the Pakistani bank several months ago because of non-compliance with the laws and regulations of the Central Bank.