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Kabulbank customers continue to empty accounts


Kabulbank customers continue to empty accounts


Customers of Afghanistan’s biggest private bank continue to empty their accounts despite promises that their money is safe.

Armed security guards were called in to control savers, many of whom had been queuing since the early hours to withdraw cash from Kabulbank.

“If the bank doesn’t do something, people will start attacking all Kabulbank branches and looting their property,” said one angry customer.“We’re even ready to loot the president’s palace if our children start to suffer.”

“I came here at five o’clock in the morning but they wouldn’t let me in,” said another. “Anyone trying to enter the bank will get beaten up by the police, but I’m still here waiting.”

The run on Kabulbank began after the company’s top two directors resigned last week amid corruption allegations. The assets of some leading shareholders and borrowers have since been frozen but the Afghan central bank insists Kabulbank has enough money to weather the storm.

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