Afghan President Hamid Karzai reassured nervous customers at the troubled Kabul Bank on Thursday, saying every penny of their deposits would be guaranteed by the government. Larger than usual crowds gathered to withdraw funds from Afghanistan's largest bank Wednesday and Thursday after two top executives resigned amid allegations of mismanagement and unorthodox real estate loans, according to AP. «The Kabul Bank is safe,» Karzai said in a news conference with visiting U.S. Defense Secretary Robert Gates. Afghan Finance Minister Omar Zakhilwal echoed that message, saying that fears about the stability of Kabul Bank had not sparked a «crisis» at Kabul Bank. «We are 100 percent sure that Kabul Bank is safe,» Zakhilwal said. «I, as finance minister, am giving you my guarantee that your money is safe _ if it's one Afghani, one dollar, one euro, up to millions. ... Kabul Bank is not in danger.» Afghan television stations broadcast remarks Wednesday night from the central bank governor, Abdul Qadir Fitrat, who insisted that Kabul Bank was solvent and had enough liquidity to meet demands. On Thursday, the Afghanistan Banks Association issued a statement of support for the bank, and Zakhilwal sought to reassure customers that their deposits were safe. «The government of Afghanistan guarantees that every penny that they have deposited will be paid back to them if they request it,» he said. «But what we are requesting of the Afghan people is not to rush because rush is not good for them, and it's not good for the banking system. We guarantee the money.»
