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Vibor Bikas Bank launches Vibor Super Yield Deposit

 

Banks in Nepal
Vibor Bikas Bank
Vibor Bikas Bank Limited (VIBOR) is preparing for commencing its operation as a national level class B financial institution. VIBOR is promoted by non-interfering, trusting, and open-minded 135 people coming from diverse background
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News item 14-12-2007

Vibor Bikas Bank Ltd (VBBL) launched a new product, Vibor Super Yield Deposit (VSYD) that not only pays interest to depositors but also offers 40 per cent profit from investment of deposits. “Timed for maximum of five years, the hybrid product of Mutual Fund and saving accounts, VSYD, is suitable for professionals like doctors, lawyers and engineers, who do not want to risk their hard-earned money,” Ajay Ghim-ire, chairman and CEO of the bank, said, adding that the institutions like Life and Non-Life Insurance, Provident Fu-nds, and trusts can also benefit from this new product. “Liquidity is one of its best features,” Ghimire said, “as a depositor can borrow upto 90 per cent of the deposit at eight per cent interest rate anytime".

 

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Other banking news and articles:

 

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)

Nabil Bank inaugurates nine new branches (13-11-2007)
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)
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)
Nbbil bank provides dividend (15-7-2007)
Total deposits at the banking sector grew by over 10 percent (24-6-2007)
ADBL reduces non performing loans (8-6-2007)
Citizens Bank International kicks off commercial operation (21-4-2007)
Rastriya Banijya Bank opens branch in Banepa  (8-2-2007)

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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