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Money Matters News In Brief (2 - 8 September 2013)

  2 min 4 sec to read

Everest Bank’s ‘Adopt a School’ Campaign
Everest Bank began its ‘Adopt a School Campaign’ by handing over school materials to the Janakpur-based Jagrup Shah, Rampukar Shah Higher Secondary School.The Bank’s Chief Executive Officer AK Ahluwalia handed over computers and other school materials to the Principal of the school amid a function last Tuesday.The Bank has said it will dedicate itself in improving the living standards of children through educational support. 
 
Shangrila Bank Seven-years-old Now
Shangrila Development Bank Ltd headquartered at Pokhara turned seven on August 25. The bank organised a blood donation programme at its central office in Newroad, Pokhara to mark the seven years of its establishment. Officiating Chief Executive Officer Dinesh Thakali informed that 55 persons donated their blood during the programme held with the technical support of Nepal Red Cross Society, Pokhara. Thakali also said the bank has a deposit amount of Rs 3.12 billion and has extended a total of Rs 2.71 billion as loans until the end of the Fiscal Year 2012-13, earning Rs 133.6 million operating profit in the review period. 
 
15 thousand Benefitted from BoK ‘Youth Save’
15 thousand youths benefitted from ‘Youth Save’, a financial education programme jointly run by Bank of Kathmandu Ltd and Save The Children. The programme was launched with an aim to provide banking transactions and saving knowledge to youths. 
 
Agricultural loan of Siddhartha Development
Siddhartha Development Bank Ltd started the SDBL agricultural loan last week. The bank has started this loan as it believes that development of agriculture can develop the country. The bank will float loans to farmers in animal farming, fishery, bee keeping, vegetable and fruit farming, agriculture based handicrafts businesses and purchasing of farming equipment, among others. 
 
Global IME’s Branchless Banking Service
Global IME Bank Ltd extended its branchless service to Sukhipur and Kalyanpur VDCs of Siraha district. Deputy CEO Janak Sharma Poudyal inaugurated the service of the bank last Thursday. Certain banking services are provided through the designated agents in the branchless banking service. 

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