Bank-e-Millie Afghan
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| Company type | Private |
|---|---|
| Founded | 1933 |
| Headquarters | Ebn-e-Sina Rd, Kabul, Afghanistan |
| Website | www |
Bank-e-Millie Afghan (BMA) was the first financial institution in Afghanistan, which opened in 1933 by Herati businessman Abdul Majid Zabuli. It was established as a public-private partnership, with a 72 percent share held by the private sector. BMA was instrumental in introducing formal banking services to the people and government.[1]
In 1976, BMA was fully nationalized by the government of Afghanistan. BMA has 15 city branches in Kabul, along with 21 provincial branches.
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