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Money Matters News In Brief (23 - 29 December 2013)

  2 min 32 sec to read

NB Bank Opens 24th Branch 
Nepal Bangladesh Bank Limited has opened its 24th branch at Balaju on 15th December. The branch was inaugurated by Director of the Bank Indra Bahadur Thapa. The Bank has informed that it will open more branches within the current fiscal year. The Bank has been providing its services through 24 branches, six branchless banking services and 29 ATMs. 
 
Janata Bank’s 4th AGM Held
Janata Bank Nepal Limited organized its fourth Annual General Meeting on 15th December. The meeting has endorsed 5.42 percent dividend and three percent bonus shares to the shareholders from the net profit in the last fiscal year 2069/70. After the issuance of the bonus shares, Janata Bank’s issued and paid-up capital has reached Rs 2.06 billion. 
 
Grand Bank’s 22nd Branch in Birgunj
Grand Bank Nepal Limited has opened its 22nd branch in Birgunj. Chairman of the Bank Swarup Gurung Koney inaugurated the branch amidst a function on 13th December. The branch will offer services like deposits, loans, letters of credit (LoC) and bank draft among others. According to the Bank, it aims to provide financial services to more than 50 big, middle and small industries in Birgunj and neighbouring areas. The branch will also assist in the trade activities that take place through Birgunj transit, the Bank said in a statement. The Bank also has plans of opening a branch in Biratnagar within a month. 
 
Century Bank and CAN Forge Agreement
Century Bank has made an agreement with Cricket Association of Nepal (CAN), and has provided cash incentives to the members of the national cricket team who were selected for ICC T20 World Cup 2014 The Bank awarded all the members of the national team with cash prize of Rs 11,000.  According to the agreement, batsman hitting a century in future international matches will be awarded with Rs 100,000. Similarly, batsman completing half century, bowlers taking three wickets and completing a hat-trick will be awarded with Rs 50,000 each. Bowler to take five wickets will receive Rs 100,000. The agreement has also established the Bank as the official bank of CAN. 
 
NMB Bank Opens Four New Branches
NMB Bank Ltd has opened four new branches in various parts of the country. Two branches are located inside the valley in Kalanki and Bhaktapur and the other two outside the valley in Birtamod and Narayanghat. The new branches were inaugurated by the Bank’s Board of Directors including the Chairman.  The Bank is committed to providing banking services through its branches, ATMs and other alternative delivery channels in different parts of the country, said a statement issued by the Bank.

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