Himalayan Bank in Baglung

Himalayan Bank Limited opened its 26th branch in Baglung on Tuesday. Manoj Bahadur Shrestha, chairman of the bank, inaugurated the branch, says a press statement issued by the bank. On the occasion, Shrestha said the bank collected a deposit of Rs 37.55 billion and issued loan amounting to Rs 28.92 billion during the first five months of the fiscal year 2009/10.

The new branch is providing modern banking services, including Himal Saving Account, Himal Remit Service, ATM, Travel Check, Letter of Credit, loan for small and medium industries and vehicle loans, according to the release
Source:Republica

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KIST branch in Hetauda

KIST Bank has opened its 44th branch in Hetauda. The new branch was inaugurated on Monday by Kamal Prasad Gyawali, managing director of the bank. The bank plans to expand its branch network to 50 within this fiscal year, states a press release of the bank. KIST will be opening branches in Swayambhu, Kathmandu and Dhadingbesi shortly.
Source:eKantipur

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Bishwa Bikash Bank opens seventh branch

Bishwa Bikash Bank has succeeded in opening its seventh branch within two years of operation. The branch is Butwal was inaugurated by Jagan Bahadur Gurung, chairman of the bank, on Monday.

Speaking on the occasion, Gurung said that the bank is looking forward to extend its services and prove itself effective through competitive banking services. "The main objective of the bank is to accumulate inactive capital and circulate it to the investors and thus utilize it for different development activities," Gurung said.

The bank has been providing effecitve services to its clients though 365 days banking service and ATM service among others. The bank has branches in Kaski, Tanahun, Makawanpur, Syangja, Parvat, Chitwan, Bara, Parsa, Nawalparasi and Rupandehi district. The bank is also planning to issue primary shares worth Rs 93.6 million.
Source:Republica

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Om Finance at Rambazaar (Pokhara)

Om finance limited has opened its new branch at Rambazaar of Pokhara on 4th January 2010 (2066 Poush 20). The bank that has its head office at pokhara had opened its branch at Baghdurbar of Kathmandu, Damauli and Beshi Sahar of Lamjung. The finance company has facility to collect money send from western union, prbhau money, sumeru remit, city express, himal remit, sewa money, world link, crystal remit and many more. It has also evening counter service at head office and ABBS service.
Source:Jamb
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Om Finance at Rambazaar (Pokhara)

Om finance limited has opened its new branch at Rambazaar of Pokhara on 4th January 2010 (2066 Poush 20). The bank that has its head office at pokhara had opened its branch at Baghdurbar of Kathmandu, Damauli and Beshi Sahar of Lamjung. The finance company has facility to collect money send from western union, prbhau money, sumeru remit, city express, himal remit, sewa money, world link, crystal remit and many more. It has also evening counter service at head office and ABBS service.
Source:Jamb
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IME at Anamnagar

IME Financial Institution has opened its 14th branch at Anamnagar, Kathmandu. The new branch was opened by chairman Hemraj Dhakal on Wednesday. It intends to provide modern banking services to the areas surrounding Anamnagar, states a press release of the bank. The institution has plans to expand its branches to 25 across the country by next year
Source: eKantipur
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Prabhu Reaches Siraha

Prabhu Finance Company Limited (PRFL) commenced its branch at Mirchaiya of Siraha district Sunday, totaling it network to 20. Federation of Nepalese Chamber of Commerce and Industry (FNCCI) district chapter president Ganesh Prasad Shah inaugurated the new branch amid a function.

The new branch aims to provide standard financial facilitates to the consumers, says a statement issued by the company. The finance company also has plans to expand its services in other parts of the country, as well as establish ATM counters for the consumers.
Source:Jamb

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NICB in Malangawa

NIC Bank Limited has opened a new branch in Malangawa of Sarlahi district on Thursday. It will provide a full range of products and services including all modern day banking facilities like trade finance, remittance, business banking, ATM debit cards, drafts, SMS banking and traveller cheques. The bank recently announced 15 per cent bonus shares and 0.79 per cent cash dividend for the year 2008-09.
Source:THT

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CZBIL Branches to Cover 14 Zones

Citizen Bank International Limited (CZBIL) has decided to expand its branches in 14 zones of the country within the current fiscal year. The bank will install ATM and credit card service in all the branches, stated the press released by the bank. The bank which has more than 65 thousand customer has provided 10% cash dividend from the profit of fiscal year 2065/66. Similarly, the bank will provide 1:1 right share to augment its capital to Rs. 2 billion.
Source:Jamb News Service

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GDBNL's 13 Branch at Ghorahi

Gurkha Development Bank Limited commenced its 13th branch in Ghorahi of Dang District on Sunday. The development bank which was established some five years ago now has total of 597.048 million paid up capital and 147.516 million in its reserve and surplus (as per the first quarter financial report of 2066/67).

Likewise, the bank has gained Rs. 50.471 million net profit and Rs. 53.307 million operating profit as per the fourth quarter financial report (2065/66) of the bank.
Source:Jamb News Service

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NLIC reaches Battar

Nepal Life Insurance Company (NLIC) has expanded to Battar of Nuwakot from Sunday after the opening of its 19th branch. NLIC chief executive officer Manoj Kumar Bhattarai inaugurated the branch amid a function attended by locals. NLIC has 2,70,000 policy holders and has invested Rs 4.5 billion in NLIC City Center and other sectors.
Source: THT
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Kist's 37th Branch at kalimati

The network of Kist Bank Ltd. has reached to 37 after it opened its new branch at kalimati on Thursday. President of the bank, Rajendra Shakya inaugurated the branch of bank being the leading commercial bank to open more branches in Nepal. At an inauguration, Kamal Gnawali, MD of the bank said the bank has aimed to open total of 50 branches across the nation during the current fiscal year. The bank will add five more branches in near future which is under construction.

The bank has posted Rs. 88.376 million net profit and Rs. 136.836 million operating profit as per the fourth quarter financial report of fiscal year 2065/66. Earlier, the BOD meeting held on 23rd September 2009 (2066 Aswin 7) has decided to propose 3.50 percent cash dividend to its shareholders from the profit of fiscal year 2065/66.
Source:Jamb News Service

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GMFIL opens two branches

Guheshwari Merchant Banking and Finance Ltd has opened its second and third branches at Kantipath in Hetauda and Chuchchepati in Kathmandu.

According to fourth quarter financial report (2008/09) of the company it has posted Rs. 20.026 million net profit and Rs. 30.795 million operating profit. Likewise, it has Rs. 109.811 million as paid-up capital and holds Rs. 30.116 in its reserve and surplus account.
Source:Jamb News Service

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Gurkha Development Bank in Thimi

Gurkha Development Bank (Nepal) opened its 12th branch at Shankhadhar Chowk of Madhyapur Thimi Municipality on Thursday. DB Bamjan, chairman of the bank, inaugurated the new branch, states a press release issued by the bank.

The bank has the total paid-up capital of Rs 600 million. The bank´s total deposit has reached Rs 3.36 billion till the end of the fiscal year 2008/09. Likewise, the bank´s total investment and loan disbursement stood at Rs 100 million and Rs 3.4 billion respectively during the period. The bank earned a net profit of Rs 50 million in the fiscal year.

The bank has been providing modern banking services including SMS Banking, Online Banking, ATM Services and Any Branch Banking Service.
Source:Republica

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Kist's 36th Branch

Kist Bank Ltd. has opened its 36th branch at Butwal. The second branch of the bank in Amarpath of Butwal was inaugurated by Managing Director of the bank, Kamal Prasal Gnawali. The bank aims to expand its branching facilities across the country to 50 within the current fiscal year.

The bank has posted Rs. 88.376 million net profit and Rs. 136.836 million operating profit as per the fourth quarter financial report of fiscal year 2065/66. Earlier, the BOD meeting held on 23rd September 2009 (2066 Aswin 7) has decided to propose 3.50 percent cash dividend to its shareholders from the profit of fiscal year 2065/66.
Source:Jamb News Service

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HBL opens 25th Branch in Damak

The 25th branch of Himalayan Bank Limited (HBL) was inaugurated by Masood Ul Hasan, senior general manager of Himalayan Bank in Damak on Wednesday. Hasan highlighted the current activities of the bank where the deposit base of the bank reached RS. 37.49 billion and loan portfolio over Rs. 26.52 billion. The branch will provide special deposit product called 'Himal Savings Account' with Rs. 0 as the minimum balance and small and medium enterprise loans at a very reasonable rate, says a statement issued by the bank.
Source: Kantipur
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Kist's 34th and 35th Branch

Kist Bank Ltd. has expanded its braches at Mahendaranagar and Dhangadhi letting total of 35th branches. The inaugurations of branches were done by Chief District Officer (CDO) of Kanchanpur district, Khusmakar Dhakal. The bank which will soon open its branches at Butwal and Kalimati target for 50 branching hub within this fiscal year.

The bank has posted Rs. 88.376 million net profit and Rs. 136.836 million operating profit as per the fourth quarter financial report of fiscal year 2065/66. Earlier, the BOD meeting held on 23rd September 2009 (2066 Aswin 7) has decided to propose 3.50 percent cash dividend to its shareholders from the profit of fiscal year 2065/66.
Source:Jamb News Service

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NIDC opens branch

NIDC Capital Markets Limited has opened its first branch in Pokhara. CA member Surya Bahadur KC inaugurated the branch amid a function on Friday. The function was also attended by chairman of the company Shivaji Roy Yadav, says a press release.

The company that has been providing merchant banking services had recently completed 17 years of services. It has long served the capital market as issue manager, share guarantor and portfolio manager. It also manages a mutual fund. The company operates with paid up capital of Rs 131.52 million and has been providing profit return worth 40 percent to its shareholders.
Source:Republica

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IME branch in Baglung

IME Financial Institution has opened its 11th branch office in Baglung. Amidst a function organised here today, IME chairman Hem Raj Dhakal inaugurated the newly established branch office. On the occasion, he said that the branch had been established to cater to poor families living in rural parts of Baglung. IME chief executive Yogeshwor Dhakal said they would invest in the agriculture and production sectors targeting poor people, adding that the financial institution has a plan to increase its branch offices to 15 within this year.
Source: Kantipur
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Global's expansion

Global Bank opened a new branch with ATM service at Dhapasi, Kathmandu on Sunday. With the opening of the branch, the bank's branch has reached to 20. Chandra The new branch was inaugurated by Chandra Prasad Dhakal, chairman of the bank. The bank has also launched a scheme Global Pariwar Bachat Yojana that offers 10 percent in interest on fixed deposits.
Source: Kantipur
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