An independent Afghan financial commission is being asked to decide whether to dissolve Kabul Bank, the nation's largest financial institution that nearly collapsed last year after allegations of mismanagement and questionable lending.
Deputy Finance Minister Mustafa Mastoor said Sunday that the decision will be made by Afghanistan's Financial Disputes Resolution Commission and government officials are awaiting for the panel's recommendation.
The bank currently is controlled by the central bank, which transferred several hundred million dollars to shore up the institution after a run on the bank last year by nervous depositors. The International Monetary Fund has recommended that the bank be placed into receivership.
Central bank officials could not be reached for comment.
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