“After the issuance of shares, the paid-up capital of the bank will stand at Rs 100 million,” states a press release issued by the bank, which came into operation some 18 months ago.
So far, the bank has collected deposits of Rs 270 million and extended Rs 240 million in loans. The bank has set a target of generating a profit of five million rupees in the current fiscal year.
Global Bank joins hand with Exchange Trust
KATHMANDU, June 3: Global Bank has launched Global Remit Service in collaboration with Qatar-based Trust Exchange Company, targeting Nepali workers in Qatar.
A press release issued on Wednesday says that the remit service will provide opportunities to the customers to get money through more than 300 agents and branch offices of Global Bank across the country. The Trust Exchange Company has been under the management of the State Bank of India and has branches in four major cities of Qatar including its capital city, Doha.
Global Bank has also launched a separate "Remitters´ Super Saving Account" for its customers. The bank has already established collaborations with more than one dozen exchanges of six countries besides taking care of remittance transactions from the United Arab Emirates and Malaysia.
Citizens Bank lists its share in stock market
KATHMANDU, June 3: Citizens Bank International Limited on Wednesday listed 10 million units of its shares worth Rs 100 each in the Nepal Stock Exchange (NEPSE), Nepal´s only stock market.
Earlier in the day, an agreement to list the shares was signed between Shankar Man Singh, the general manager of NEPSE, and Ganesh Raj Pokharel, acting CEO of Citizens Bank. With the listing of this bank, the total number of listed companies in the stock market has reached 158.
Citizens bank has 70 institutional shareholders and 71,750 public shareholders. It had recently sold three million units of its shares to the public through an initial public offering.
The bank, which is operating through nine branch offices, has generated a Rs 102.5 million operating profit in the first nine months of the current fiscal year.
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