
Withdrawals Continue at Afghanistan's Largest Bank
KABUL—Afghans continued pulling money from their country's largest bank Saturday as Afghan central bank officials, aided by American experts, explored ways to stabilize the ailing lender with deep ties to President Hamid Karzai's administration, weighing the possibility of an Afghan-financed bailout.
Averting the failure of Kabul Bank has become a top priority for U.S. and Afghan officials, who fear the possible political and economic crisis that could result. Even with the bank still solvent, U.S. officials are concerned that its woes, brought on by allegations of corruption and insider dealing, are going to further setback faltering Western efforts to restore confidence in President Karzai's administration, a pillar of the allied strategy for beating back the Taliban.
Hours after dozens of branches of Kabul Bank closed following the first business day since the Islamic weekend, there was no word from Afghanistan's central bank or the lender's management on how much money had been withdrawn Saturday.
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