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.
Nepal Investment Bank Ltd. (NIBL) commencedjoint operations with Jebil's Finance Ltd. after its successful acquisition, raising the total paid-up capital to NPR 12.89 billion, highest amongst the private sector commercial banks. The total deposit has reached NPR 147 billion and total loans NPR 132 billion.
In line to mark Bank’s 35th anniversary, Nabil Bank has conducted a tree plantation and cleaning program alongside of Bagmati river belt, Minbhawan on July 13, 2019 with a view to conserving environment and maintaining greenery. The tree plantation was initially done during July 2014 in this area on the occasion of bank’s 30th anniversary and since then Bank has been continuously maintaining this plantation site.
On the occasion of Nabil Bank’s 35th anniversary, the Bank felicitated its staff members and ex-staff members who have continuously contributed their service in the bank for more than 25 years. Bank’s Chairman Mr. Shambhu Prasad Poudel presented a memento to commemorate the staffs contribution in an event held on July 12, 2019.
As part of its ongoing CSR initiative to support various sporting activities that promote participation of local and national communities, NIBL extended a financial assistance on Rs. 18 lakhs to the women’s basketball team of Nepal Police Sports Council. This would support the team’s overall management of sport facilities, logistics, equipment etc.
Kumari Bank Limited has formally commenced operations from its 5 new branches: Bardibas of Mahottari, Barathawa of Sarlahi, Thakurbaba of Bardiya, Jitpur of Kapilastu and Lakeside of Pokhara, outside the Kathmandu Valley. The said-branches were opened as part of the Bank’s quest for expansion of service-delivery points.
The World Bank has renewed support to the Government of Nepal to strengthen the country’s efforts towards fiscal federalism and improving public financial management under the Second Programmatic Fiscal and Public Financial Management Development Policy Credit Project.
As a part of corporate social responsibility, the Bank handed over financial support worth Rs. 100,000 (Rupees One hundred thousand only) to Burns Violence Survivors- Nepal (BVS Nepal) on July 4, 2019. The provided support will be used to provide medical and surgical support, nutritional supplement, counseling support and physiotherapy program.
Muktinath Bikas Bank has signed an MoU with Khalti to facilitate digital payments to its customers. Mr. Til Bahadur Gurung, Chief Operating Officer and ADCEO of MuktinathBikas Bank, and Mr. DhrubaAdhikari, Director of Khalti, signed the agreement at the bank’s central office in Kamaladi on Sunday, July 7. MrAadityaThapa, Business Development Manager of Khalti and Mr. Rajendra Pandey, Head of Digital Banking at MuktinathBikas Bank were also present during the ceremony. x