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KABUL, Afghanistan, Apr 20 (UPI) -- Finance officials in Afghanistan said the Kabul Bank would be separate into two banks, one of which would appendage loans that were not existence repaid.

Central Bank Chairman Abdul Qadir Fitrat said the slope also would cut ties with past shareholders.

"They cannot verify ownership," he said at a programme conference in Kabul, The New royalty Times reported Wednesday.

Kabul Bank, the largest private slope in the country, was rocked by a gossip terminal assemblage when it was revealed $909 meg in loans had absent to shareholders, which is against the law in Afghanistan.

The shareholders with loans not existence repaid included one of President Hamid Karzai's brothers and a brother of First Vice President Marshall Fahim, which made the business crisis potentially a political crisis, as well.

At the programme conference, Fitrat said, borrowers would be "legally prosecuted and seriously punished" if their loans failed.

The International Monetary Fund has demanded individual steps be taken to ensure the land of the business system, including an audit of the bank, prosecution of those who broke the law and placing the slope in receivership.

Some planetary aid organizations, including the Afghan Reconstruction Trust Fund, a World Bank program, hit rules that require credibility with the IMF for them to extend assistance to the country.

Fitrat said Kabul was making progress compliant with IMF directives.