|
Banks
in Nepal |
|
|
|
Financial institutions |
NB Finance Ltd
Capital Merchant Banking
& Finance
Everest finance
Ime Financial
institution
National finance Co.
Annapurna finance
company
Union finance company
Ace finance company
Hama finance
Good deposit
schemes, 1 year fixed
7%, 3 year even 8%
Alpic everest finance
Central finance company
Nawa Durga Finance Co
Universal finance
Business Development
Finance Inst.
Nawa Kantipur
Deposit and loan schemes |
|
|
News item 5-5-2007 |
Sujit Mundul, Chief
Executive Officer and
Director of
Standard Chartered
Bank Nepal (SCBN),
is the highest paid among
bank CEOs in Nepal. He
received Rs 12.45 million in
salary, allowances and bonus
in fiscal year 2005/06.
Prithivi B Pande, Chairman
and Chief Executive Director
of
Nepal Investment Bank
Limited ranks second behind Mundul. He received Rs 9.59
million as basic salary,
allowances and provident
fund, according to the
bank's annual report.
Surendra Bhandari, CEO of
relatively new
Kumari Bank,
is the third highest paid,
pocketing Rs 8.47 million
during last fiscal year in
salary and benefits. With
annual payment of Rs 7.54
million, Ashok Rana, CEO of
Himalayan Bank Ltd, the
largest private sector bank
in terms of deposit
mobilization and lending,
remained in fourth position.
Anil Shah, CEO of
Nabil bank, which is the third
largest private commercial
bank in terms of deposits,
received Rs 5.74 million as
salary last fiscal year.
Given the fact that
Nepal Bank
Limited's general
manager used to draw an
annual paycheck of about Rs
90,000 till 1994, the
banking sector has seen a
sea change in salary
structures. When it comes to
disparity in remuneration
between the CEO and other
bank staff, Kumari Bank
ranks number one. CEO
Bhandari's annual income is
14.2 percent of total staff
expenses. Among the four
banks, NIBL and SCBN rank
second (8.6 %) and
third (7.4 %) in the
disparity index. Himalyan
Bank has the most equitable
pay scale structure. Its
CEO's remuneration is only
3.2 percent of total staff
renumeration. SCBN yielded
the best dividend and bonus
share to its shareholders.
The bank declared 130
percent cash dividend to
shareholders and issued
bonus shares in the ratio of
1:10. It has
the highest per staff profit
at Rs 1.91 million, an
indication of remarkable
staff productivity. Nabil
Bank yielded the second best
dividend to shareholders to
the tune of 85 percent and
has a per staff net profit
of Rs 1.44 million. NIBL
declared 55.46 percent
dividend including bonus on
share capital to
shareholders and it has per
staff profit of around Rs
898,811.
Read
more about the salaries in
Nepali banking sector
Other banking news and
articles:
Prime commercial bank
launches Prime gold
saving scheme
(18-2-2008)
Profit of Global Bank
(1-2-2008)
Job hopping in bank
sector of Nepal
(4-2-2008)
Neelgiri Development
Bank collected a deposit
of Rs 45.7 million
(21-1-2008)
More
banks come into operations
in Nepal (13-10-2007)
Nepal
Merchant Banking and Finance
to become a commercial bank
(19-10-2007)
Sunrise bank starts
operations (11-10-2007)
Everest bank starts
mobile banking
(27-9-2007)
Nepal Bank begins
remittance service
(26-9-2007)
Excel
Development Bank issues
shares (20-8-2007)
Rastriya
Banijya Bank reports
profit (17-8-2007)
Ace Finance Company
upgraded to Ace
Development Bank
(15-8-2007)
birat
laxmi development bank
issues shares (8-8-2007)
Profit Capital Merchant
Banking & Finance
(27-7-2007)
Total deposits at the
banking sector grew by
over 10 percent
(24-6-2007)
banks move to rural
areas (3-6-2007)
Salaries of Nepali
bank's CEOs (5-5-2007)
|
|
Easy
money and Nepali loans
|
|