---
id: 12549
title: "Afghanistan International Bank: Best Corporate Governance Afghanistan 2023"
award_year: 2024
published: 2024-03-09 13:09:21
published_gmt: 2024-03-09 13:09:21
author: "CFI.co Editorial"
url: "https://cfi.co/awards/best-practice/corporate-governance/2024/afghanistan-international-bank-best-corporate-governance-afghanistan-2023/"
categories: ["Asia Pacific", "Banking", "Best Practice", "Corporate Governance"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20240917153500
wayback_snapshot_url: "http://web.archive.org/web/20240917153500/https://cfi.co/awards/best-practice/corporate-governance/2024/afghanistan-international-bank-best-corporate-governance-afghanistan-2023/"
license: CFI-OAAL-1.0
content_sha256: 3cf862ec83673b0e71456f7b6972d32c8506b8aac222f111cbb51a581285dc8d
canonical: 12549-afghanistan-international-bank-best-corporate-governance-afghanistan-2023.json
---
# Afghanistan International Bank: Best Corporate Governance Afghanistan 2023
> Verbatim archived copy. Canonical machine record: `12549-afghanistan-international-bank-best-corporate-governance-afghanistan-2023.json`.
Afghanistan International Bank (AIB), Afghanistan's premier financial institution, is the country's largest bank by assets and continues to excel in profitability and liquidity. AIB's mission is to promote economic development, foster growth, and contribute to the prosperity of Afghanistan and its people. Given the challenges the country has faced in recent years, AIB's strong corporate governance has been essential in ensuring compliance with international best practices for financial institutions, exceeding regulatory requirements, and enabling the bank to maintain global financial relationships while providing essential services to the people of Afghanistan. In 2023, AIB's compliance and governance culture allowed it to sustain its business relationships, retaining direct correspondent bank relationships, and facilitating critical imports and humanitarian aid transfers. The bank also strengthened its compliance measures, adding new modules to its Financial Crime Compliance Management System, enhancing anti-money laundering and cybersecurity protocols, and introducing a new Regulatory Compliance Unit to ensure alignment with domestic and international obligations. AIB's commitment to digital solutions and technology has resulted in outstanding cybersecurity infrastructure, with key certifications such as ISO 27001 and the Payment Card Industry Data Security Standard (PCI), ensuring robust protection of data and processes. AIB's continuous efforts in risk management, compliance, and governance contribute significantly to Afghanistan's economy, demonstrating a commitment to best practices and a focus on fostering sustainable growth. The judging panel congratulates Afghanistan International Bank as a distinguished repeat winner over the years and confirms their 2023 award Best Corporate Governance (Afghanistan).