Da Afghanistan Bank has successfully launched the modern and fully electronic Movable Collateral Registry
Da Afghanistan Bank launched the modern and fully electronic Movable Collateral Registry dated 19 February 2013. Mr. Khan Afzal Hadawal First Deputy Governor of DAB mentioned that; “In Afghanistan, SMEs are the main driver for the country’s economic development. With greater access to credit, these companies gain the opportunity to invest and expand, increase their sales, broaden their customer base and increase their income”.
Every bank, leasing company or other financial institutions in Afghanistan who need to protect and strengthen their rights as creditors are now able to create a client account and start registering notices online. Creating a client account is easy and once the application is accepted the client can start using the system, registering notices and obtain certified search reports if needed.