Issuing a press statement on Wednesday, the bank said it earned an operating profit of Rs 636.2 million as per the un-audited results for the quarters. [break]
The bank mobilized deposits worth Rs 40.8 billion and invested Rs 23.9 billion in loans in the third quarter. The bank´s non-performing asset stands at 4.11 percent. The bank operates with a network of 107 branches in 52 districts.
The bank has been serving 800,000 customers across the country, the statement added.
NMB Bank´s new saving scheme
KATHMANDU, May 19: NMB Bank on Wednesday launched another saving account -- ´NMB Sulav Muddati Bachat´ -- on Wednesday.
“A first of its kind product in the banking sector, Sulav Muddati Bachat also acts as the normal savings account. What set this account apart from other fixed deposit are the higher interest rate and the withdrawal flexibility, which no other fixed deposits accounts can offer,” the bank said in a statement.
Considering the urgent financial need of the customers, the account is designed especially for their convenience and higher return on their deposits. The attractive features of this account are annual interest of up to 12% (monthly payable), hassle free withdrawal facility and free e-banking, the statement added.
Sunrise Bank targets rural folks
KATHMANDU, May 19: Sunrise Bank Ltd has started the service of mobile van banking to provide banking facilities to people of rural regions. Bank Chairman Tolaram Dugar inaugurated the new service on Wednesday.
The van will have an armed security man and people can open new account, withdraw remittance, and apply for loan, the bank said in a statement. The van will be equipped with global positioning system and will be mobilized in a particular area by the bank´s head office.
IFC, NIBL join hands
KATHMANDU, May 19: IFC, a member of the World Bank Group, will provide a trade finance facility of up to $5 million to Nepal Investment Bank Ltd (NIBL) that will enable the bank to enhance its support for local enterprises and help boost international trade opportunities.
NIBL Chairman and CEO, Prithvi Bahadur Pande, and IFC Resident Representative in Nepal, Rajeev Gopal, signed a Memorandum of Understanding (MoU) to this effect on behalf of their respective organizations.
Per Kjellerhaug, IFC Regional Manager for Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka, said, “IFC´s trade finance support to NIBL will enable the country´s corporate and small and medium enterprise sector to increase their share of global trade.”
Prior to this agreement, IFC had supported three other banks with trade finance in Nepal.
Samsung´s ´Made for Football´ scheme
KATHMANDU, May 19: Him Electronics, the official distributor of Samsung electronics in Nepal, has unveiled ´Made for Football´ scheme for the upcoming FIFA World Cup 2010.
Under the scheme, a lucky customer of Samsung televisions can win 32 inch Samsung LCD television every day. Renowned football players Ganesh Thapa, Hari Thapa and Pradeep Maharjan are associated with this new scheme, Him Electronics said in a statement.
Janata Bank in New Road
KATHMANDU, May 19: Janata Bank, the 27th commercial bank in the country, established its second branch at New Road on Wednesday.
The bank with its head office at New Baneshwar opened its branch at Pokhara couple of weeks ago. Bir Bikram Rayamajhi, deputy governor of Nepal Rastra Bank, inaugurated the branch, the bank said in a statement.
The bank has the authorized capital of Rs 4 billion, issued capital of Rs 2 billion and paid-up capital of Rs 1.6 billion.
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