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Money Matters News In Brief (9 -15 September 2013)

  3 min 19 sec to read

Everest Bank’s Mobile ATM Facility
Everest Bank Limited began a mobile ATM facility. As per this facility, customers do not need to go to branch to get the banking services of the Everest Bank. The customers can get the payment from the designated bank representative. The Bank said that they have their designated representatives across the country. According to the press release of the bank, customers can also open their bank account from the designated representative. Everest Bank has introduced the concept of branchless banking service for the first time in Nepal.
 
Siddhartha Dev Bank’s ‘Home Loan Scheme’
Siddhartha Development Bank brought a ‘SDBL Home Loan’ scheme. The Bank said it has brought the scheme to fulfill the dream of every citizen to have their own home. The Bank informed that it will extend the maximum loan up to Rs 10 million to purchase home and apartment as well as to build the home. 
 
Kailash Proposes 19 per cent Dividend 
Kailash Development Bank Ltd said it will distribute 19 per cent dividend from the profit earned in the Fiscal Year 2012-13. The meeting of the Board of Directors (BOD) held last Wednesday decided to recommend distribution of 10 per cent bonus share and 9 per cent cash dividend. The Bank has collected Rs 6.26 billion deposit and extended a total of Rs 5.5 billion as loans in the Fiscal Year 2012-13. It informed that it has earned Rs 152.6 million net profit in the review period.  
 
Discount on Infrastructure’s Locker 
Infrastructure Development Bank Ltd said it will provide the free locker facility for a year to the customer opening bank account on ‘Naari Samriddi Khaata’. The Bank said it is providing this facility on the auspicious occasion of Hindu women’s festival Teej. The Bank, which merged with Swastik Merchant Finance Co Ltd last year, is providing banking services to its customers through 18 branches. 
 
Laxmi Bank’s branch at Kohalpur
Laxmi Bank Ltd opened its branch at Kohalpur in Nepalgunj. The branch started its operation from last Monday. The number of the Bank’s branches has reached 33 with this newly opened branch. The Branch’s Manager Rima Malla informed that the branch will offer ATM, internet banking, mobile and other services.  
 
Bhrikuti Development Enters 10th Year
Bhrikuti Development Bank Ltd headquartered in Butwal entered 10th year last Tuesday. The Bank had started its operation on September 3, 2004. The Bank’s paid up capital that started with Rs 10.5 million has now reached Rs 353.1. The Bank has expanded its services to 10 districts. The Bank said that the deposit amount of the bank has reached a total of Rs 4.30 billion and extended a total of Rs 3.21 billion as loans until the end of the Fiscal Year 2012-13.  The bank has earned Rs 110 million profit.  
 
Om Finance to Distribute 21 pc Dividend
Om Finance Ltd headquartered at Pokhara said it is planning to distribute 20 per cent bonus share and 1 per cent cash dividend. The Finance’s Annual General Meeting will decide to distribute a total of 21 per cent dividend after getting the approval from the Nepal Rastra Bank, according to the press statement released by the General Manager of Om Finance last Monday. Malla informed that the paid up capital of the Finance will be of worth Rs 325.7 million after distributing the dividend. 

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