Afghan Traders Complain of Fees, Limits in Private Banks

Some traders in Afghanistan complain about challenges in the services of certain private banks, saying these banks charge fees on deposits and banking services under various pretexts.

According to them, on one hand, they are unable to withdraw all their money from banks, and on the other, additional fees have created difficulties for their business activities.

Mahboobullah Mohammadi, a trader, said: “Currently, the biggest problem is the lack of proper regulation by banks in charging fees from traders. Fees are even taken from people’s personal accounts, and despite having sufficient balance, withdrawals are made with deductions, which is unacceptable.”

Another trader, Mohammad Nabi Afghan, said: “Fees are charged under different names, one for online banking, another through email, and even fees are requested for bank guarantees. In almost every aspect of deposits, charges are applied.”

Meanwhile, economic experts stress that banks play an important role in the country’s economic growth and stability, but clear regulations and transparent procedures are necessary to prevent existing problems.

Sayed Masoud, an economic analyst, said: “Economic stability is ensured through a well-organized banking system. Without clear laws and specific procedures to prevent corruption, achieving economic and social stability is not possible.”

On the other hand, Afghanistan’s central bank says it is working in coordination with private banks to provide necessary banking facilities for citizens and traders.

Haseebullah Noori, spokesperson for the central bank, said: “In the banking sector, facilities have been created for citizens, and we are committed to expanding these. We also hold regular meetings with private bank officials to improve banking services.”

This comes as, following the return of the Islamic Emirate to power, Afghanistan’s banking sector has faced international restrictions, and money transfers abroad continue to face challenges.