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Money Maters News In Brief (24 - 30 June 2013)

  1 min 25 sec to read

Machhapuchhre at Ghorahi

Machhapuchhre Bank opened a branch at Ghorahi, Dang on June 19. With this, the number of branches of this bank reached 54. One of the promoters of bank Dr Birendra Mahato inaugurated the branch.


Prime Life Shares Dematerialised

CDS and Clearing Limited (CDSCL) and Prime Life Insurance Company Ltd have signed an agreement for the dematerilisation of the shares of the bank. The agreement was signed by CEO of CDSCL Subodh Sharma Sigdel and CEO of Prime Life Insurance Restha Jha.


Gaumukhee IPO Twice Oversubscribed

The Initial Public Offering (IPO) of Gaumukhee Bikas Bank was oversubscribed twice. IPO of the bank was closed on June 17. The bank had issued 1,20,000 units shares on June 12, allocating 2400 units for employees and 6000 units for mutual fund companies. The bank’s paid up capital stands at Rs 28 million and its reserve surplus is at Rs 717,000. NMB Capital was appointed as Issue Manager for this Initial Public Offering.


BoK & Best Remit Tied-up

Bank of Kathmandu (BoK) and Best Remit have signed an agreement for providing the remittance service. The money sent through Best Remit can be paid through 50 branches of BoK across the country. The agreement was signed by president of Best Remit Pvt Ltd Rajendra Shrestha and Chief Operation Officer of BoK Prabin Chettri.


NMB Bank Retail Hub at Kantipath


NMB Bank has opened a branch and Retail Hub at Kantipath, Kathmandu. Chairman of the bank Aatma Ram Murarka inaugurated the new branch and bank retail hub on June 20 (Thursday).
 

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