USAID’s Economic Growth and Governance Initiative and Da Afghanistan Bank (DAB) have implemented the Core Banking System (CBS) in DAB’s SherKhan Bandar border branch. This achievement brings the number of DAB branches using the system to 33.
The CBS allows the SherKhan Bandar branch to produce daily trial balance and profit and loss statements. Its clients get daily computer generated statements, which minimize errors and discrepancies. Moreover, the system eliminates the need to prepare manual statements for each account. This improvement will have a positive impact on revenue collection and on-time transfer to the treasury single account at DAB’s head office. The border branches are especially important to both the Ministry of Finance and DAB as a convenient and efficient location for border-crossers to pay fees and duties.