BIZ BRIEFS

HBL’s scheme

KATHMANDU: To provide customized deposit products and services to remittance customers, Himalayan Bank Ltd has launched a news deposit scheme — “Himal Remit Saving Accounts.” According to a press statement, the scheme is targeted at remittance customers offering minimum balance of zero rupees, interest rate 5 per cent per annum, accidental death insurance of coverage for maximum value of Rs 0.5 million. The annual inward remittance received by HBL is approximately Rs 29.70 billion.

CBIL’s ATM

KATHMANDU: Citizens’ Bank International Ltd (CBIL) inaugurated it 18th ATM in Butwal on Wednesday. The bank is introducing super savings account from January 15 offering 7 per cent interest on daily savings. CBIL, a commercial bank, has 17 branches throughout the country.

IME in Anamnagar

KATHMANDU: IME Financial Institution Ltd has opened it 14th branch in Anamnagar of Kathmandu metropolis. IME chairman Hem Raj Dhakal inaugurated the branch amid a function on Wednesday. The finance company has collected Rs 3 billion deposits from 39,000 people and invested Rs 2.62 billion. IME is going to distribute 1:3 rights shares to broaden its capital base of Rs 1.2 billion in the current fiscal year.