The Asian Development Bank (ADB) has approved a loan of $195 million to improve the highway section between Pokhara and Mugling, which links Pokhara to Kathmandu and to subregional corridors connecting Nepal with India and Bangladesh. “The project will boost the traffic capacity, reliability, and safety of the main road link from Pokhara,” said ADB Transport Specialist Mr. Johan Georget. “The highway will be widened to four lanes, and this will reduce travel times, lower transport costs, and improve access to domestic markets, jobs, and social services.
Laxmi Bank inaugurated its 116th Branch inTahachal, Kathmandu. This branch will offer full range of retail banking services including small businesses. With the above new addition,Laxmi Bank network now includes 116Branches across 48districts, 2 Extension counters and 4 hospital service counters, 140ATMs, 2,500 remittance agents and 64 branchless banking agents spread across the country. T
Global IME Bank has partnered with the Bank Albilad of Saudi Arabia for providing remittance service. The remittance service was formally inaugurated on Wednesday amidst a special function organized at the headquarters of Bank Albilad, Saudi Arabia.
“My Card Ideas” is a design crowdsourcing competition aimed at fostering engagement and collaboration with the existing and potential customers of the bank by allowing them to "unleash their creativity" in designing the bank’s new set of Visa debit cards.
To mark its 25th Foundation Day, the Bank on 18th October 2019 conducted various CSR programs at its Head Office, Lazimpat, in coordination with NORVIC International Hospital & Nepal Red Cross Society.
Marking the auspicious occasion of Ghatasthapana, Nepal Investment Bank Limited has launched their payment gateway with the aim of facilitating the safest and most convenient online transactions for debit/credit Visa cardholders. The payment gateway facilitates real-time payment transaction by the transfer of information between a merchant's payment portal (website, etc.), the acquiring bank, card interchanges like Visa, etc. and the issuing bank.
Kumari Bank Limited (KBL) has jointly convened it's 19th Annual General Meeting (AGM) on 28th September 2019 (11th Ashoj, 2076) at Naxal Banquet, Naxal, Kathmandu.
In an official visit to Nepal, World Bank Vice President for the South Asia Region, Hartwig Schafer and UN Secretary General’s Special Envoy for Road Safety, Jean Todtunderscored the urgency of action on road safety to save lives and boost economic growth.
The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Laxmi Bank Limited, a leading bank in Nepal, today signed an agreement to provide loans and support trade in the country.
Kumari Bank Limited presents its new saving product: Kumari Pariwar Surakshya Bachat Khata. This product has been launched for the first time in Nepal, which offers: saving account for either of the father or the mother, which in turn offers insurance for the couple, and their two children.
Employee Provident Fund (EPF) has started automating the collateral based loan disbursement directly into the bank accounts of the beneficiary contributors from today by using NCHL’s payment systems, namely NCHL-IPS and connectIPS e-Payment systems. The first few transactions were initiated by Tulasi Prasad Gautam, Administrator of EPF in the presence of Neelesh Man Singh Pradhan, CEO NCHL and other high officials of EPF, NCHL and the banks.
Micro Finance companies are now required to lend one third of their total loan towards the agricultural sector. The Central Bank has made the mandatory lending provision -- through the Monetary Policy announced on Wednesday -- for Micro Finance institutions (MFIs) as the companies have been recently leaning towards unproductive sectors to get more profit.
Everest Bank Limited has provided relief materials to flood victim of Siraha District. Everest Bank has been undertaking different welfare activities as a part of its Corporate Social Responsibility. The relief materials were distributed to the flood victim of Paterwa, Siraha. The relief materials like Sanitary Pads, Rice, Soyabean, Grams, Salt, Utensils, Tooth Paste and Cloths & School Bags for Children.
On the occasion of Nabil bank’s 35th anniversary, Nabil Bank organized blood donation program on July 20, 2019. A total of 122 employees donated their blood at an event held in the Bank’s Head Office premise. Grande International Hospital appreciated the effort of Nabil Bank for the contribution made in support of current blood crisis situation in the country.
Everest Bank Limited has tied up with Blue Cross Hospital for providing discounts/special packages to Everest bank’s customers. Blue Cross Hospital located at Tripureshwor, Kathmandu is a multi-specialty, tertiary level health care centre, currently serving with 55 beds.