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NB enters its 16th year

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KATHMANDU, June 6: Nepal Bangladesh (NB) Bank on Saturday completed 15 years of its operation. To mark the occasion, the bank distributed food and clothes to elderly people at the old-age shelter home in Pashupatinath. It also renovated the traffic island located at Kamaladi, in Kathmandu. [break]



Issuing a press release, the bank announced that it had launched its own remittance software, NB Remit, and that it was also making its SMS banking service more effective in order to strengthen its remittance channels.



Over the first nine months of the current fiscal year, the bank had posted a net profit of Rs 930 million, with the recovery of bad loans. The bank also says that Bank Asia, a leading commercial bank of Bangladesh, has also injected its investment in NB Bank, as a promoter.



The bank is opening one more branch and four ATMs and will extend its locker facility to two more locations soon, says the release.



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