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News item 9-3-2007 |
As part of its aggressive
expansion plan,
Everest bank
Ltd (EBL) today opened its
20th branch at Balaju,
making it a private
commercial banks with the
largest network in Nepal, S
C Gupta, chairman and
managing director, Punjab
National Bank, India,
inaugurated the branch at a
function attended by
dignitaries including
finance minister Dr Ram Sharan Mahat, Shiv Shanker
Mukherjee, Indian ambassador
to Nepal and Bijay Nath
Bhattarai, governor of Nepal
Rastra Bank. Jas Pal Singh
Jass, executive director of
EBL, highlighted progress of
the bank under various
performance parameters,
earning twice the ‘The
Excellence Award’ for its
performance given by Nepal
India Chamber of Commerce &
Industry (NICCI). The latest
feather in its cap has been
‘Bank of the Year 2006 -
Nepal’ award given by The
Banker, a publication of
Financial Times, London.
“With our unrelenting
commitment towards customer
satisfaction through
excellent service,
innovation in our products
and services as per
customer’s expectation and
requirement, we once again
re-dedicate ourselves
towards enriching your
world, fulfilling your
dreams,” said Jass.
According to him, EBL has
progressed steadily since it
joined hands with PNB as its
joint venture partner in
1996. He also claimed that
the bank’s non-performing
asset (NPA) level has been
reduced to 1.04 per cent as
of the end of Poush this
year, while its net profit
grew by 16.4 per cent.
Read
more about new branch of the
Everest Bank
Other banking news and
articles:
Sanima
introduces debit card
(1-1-2008)
Sunrise bank launches saving
scheme (1-1-2008)
Banepa, city of banks
(16-12-2007)
Vibor Bikas Bank
launches Vibor Super
Yield Deposit
(14-12-2007)
Makwanpur Agriculture
Development Bank
provides new loans for
unemployed (29-11-2007)
Garima Development Bank
Limited opens in Waling
Bazaar (24-11-2007)
Nepal bank back on track
(16-11-2007)
Sunrise bank starts
operations (11-10-2007)
Everest bank starts
mobile banking
(27-9-2007)
Nepal Bank begins
remittance service
(26-9-2007)
Standard Chartered PLC
to acquire American
Express Bank (19-9-2007)
Excel Development Bank
issues shares
(20-8-2007)
ATM of
Everest Bank at APEX college
(29-3-2007)
SMS
banking by Rastriya
Banijya Bank (8-3-2007)
Performance Lumbini Bank
(2-3-2007)
Rural Development Bank
about to close
(26-2-2007)
Merger
of Nepal Bangladesh Bank,
Nepal Sri Lanka Merchant
Bank and NB Finance Ltd
(8-2-2007)
Nepal Stock Exchange
suspends trading of
Nepal Credit and
Commerce Bank
(30-1-2007)
Development Credit Bank
results (29-1-2007)
Buddha on bank notes
(25-1-2007)
agricultural development
bank loans (24-1-07)
recovery plan for bad
loans (1-1-07)
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Easy
money and Nepali loans
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