HCC-Nepal team

KATHMANDU: The third AGM of honorary consuls and consul generals (HCC-Nepal) has unanimously elected Binay Man Shrestha as dean of HCC-Nepal. He is honorary consul general of Brazil. Rajendra Kumar Khetan has been elected vice-dean of HCC-Nepal. Khetan is honorary consul of Portugal. The 26 member HCC-Nepal meets every July 23 on its annual day. The AGM also thanked outgoing Dean Dr Vijaya Gajanand Vaidhya — honorary consul general of Philippines — for his contribution. Austria, Belgium, Brazil, Chile, Cyprus, Greece, Hungary, Iceland, Italy, Lithuania, Luxembourg, Maldives, Malta, Mexico, Mongolia, Morocco, the Netherlands, New Zealand, Philippines, Portugal, South Africa, Spain, Sweden, Switzerland, Turkey and Ukraine are represented in Nepal by honorary consulates. — HNS

Pant in Kumari

KATHMANDU: Radhesh Pant has been appointed Chief Executive Officer of Kumari Bank. The former

president of Nepal Banker’s Association (NBA) and managing director of Bank of Kathmandu will assume

office from Sunday. KBL has increased the total deposit to Rs 15.710 billion as on July 15, a growth rate of 23 per cent. It has invested total loans and advances of Rs 14.7 billion during the period — a growth of 28.4 per cent. The operating and net profit of the bank for the fiscal year 2008-09 stands at Rs 416.8 million and Rs 268 million respectively — a growth of 27 per cent and 53 per cent respectively over the previous year. Its NPA, one of the lowest in the sector, stands at 0.43 per cent. — HNS

NIBL in Dang

KATHMANDU: Nepal Investment Bank Ltd (NIBL) opened its 31st branch in Dang on Friday. According to a press release, its total deposit

as of July 15 stands at Rs 46,697 million and total loans and advances stand at Rs 36,827 million. Its total investment stands at Rs 7,403 million and NPA at 0.82 per cent. The unaudited net profit of the bank as of July 15 stands at Rs 914 million. It is planning to open new branches in Gaighat, Itahari, Dadeldhura, Lagankhel, Dharan and Tripureshwor in the near future. — HNS

JBL in 2nd year

KATHMANDU: Jyoti Bikas Bank (JBL) completed its one year of operation. The bank has been able to accumulate a deposit of Rs 600 million from its 7,000 customers, and floated Rs 500 million loan. It posted a profit of Rs 5 million. On the

occasion of its first anniversary the bank donated Rs 50,000 to support handicapped children. It is providing 365 days banking and evening counter also. — HNS

LIC-Nepal awarded

KATHMANDU: Life Insurance Corporation, Nepal (LIC-Nepal) Ltd got the Best Presented Account Award 2008 among Nepali insurance

companies. The Institute of Chartered Accounts distributes the award to the companies which maintain standard in accounting. — HNS