Will Kabul’s banks survive Afghanistan’s fall?
The future of banks in Afghanistan is uncertain after the Taliban toppled the government in August.
Sundaram Prabhu chairs one of Afghanistan’s biggest banks, Azizi Bank. An accountant from the south Indian city of Chennai, Prabhu could be excused for thinking the Taliban’s seizure of Afghanistan in August might, at the very least, pose a problem for Azizi and Afghanistan’s 11 other banks.
Prabhu had first-hand experience of the Taliban’s tactics when he was in Kabul in May 2015, working on a World Bank assignment to help establish a home-grown accounting industry in Afghanistan. Prabhu was staying in the Park Palace guest house when Taliban gunmen massacred 14 people in a terror attack, including two of his project colleagues.