EBL’s 32nd ATM

KATHMANDU: Everest Bank Ltd (EBL) installed its 32nd ATM in Bhaktapur. EBL debit cards can be used at more than 2,000 ATMs of Punjab National Bank spread across India. Debit card holders of PNB can withdraw money from any ATM of EBL, said the bank. This sharing arrangement has benefited the huge Nepali population residing in India which includes students, businessmen, workers and tourists to India, who want reliable ATM facility for taking money from their accounts in Nepal. EBL debit card is accepted in more than 350 ATMs of SCT network and more than 1200 merchant outlets in Nepal. At present, more than 95000 EBL customers have EBL debit cards. — HNS

LBL finances

KATHMANDU: Laxmi Bank Ltd started financing solar home systems bundled with the Bank’s Home Loans. Under the scheme the bank will offer loans to customers who wish to install solar systems as an alternative or back up energy source with easy repayment schedule spread over the tenure of the original home loan. This will ensure that the monthly installment is low and affordable, said the bank. Laxmi Bank has tied up with Solar Solutions Pvt Ltd that supplies solar system solutions for urban use. In 2009, it distributed dividends for the first time through 20 per cent bonus shares. The eighth AGM also approved 5:2 rights shares issue. — HNS

Global in Dhapasi

KATHMANDU: Global Bank Ltd on Sunday inaugurated its 20th branch office at Dhapasi. The bank for the festival season has also launched a scheme, Global pariwar Bachat Yojana, with 10 per cent interest on deposits, read a press statement. It grants 50 per cent discount on education processing charge and 30 per cent discount on locker service. — HNS

Citizens’ CEO feted

KATHMANDU: Nepal Youth Society felicitated Rajan Singh Bhandari, CEO of Citizens’ Bank International Ltd with “ National Service Award -2066” on Saturday. According to a press statement, in the fiscal year 2008-09 the bank registered total deposit of Rs 11.52 billion and total credit of Rs 8.21 billion. It has posted total operating profit of Rs 184.5 million and net profit of Rs 95.8 million. It plans to distribute 1:1 rights share this fiscal year. — HNS

Kist’s 33rd branch

KATHMANDU: KIST Bank Ltd inaugurated its 33rd branch office in Palpa on Sunday. The bank has targeted to establish a total of 50 branch offices during the present fiscal year. It has a total of 12 branch offices in Kathmandu and 21 branch offices outside the valley. — HNS

Prez gives audience

KATHMANDU: President Dr Ram Baran Yadav in a meet with representatives of the Federation of Nepalese cottage and Small Industry (FNCSI) assured of special concern for the development of cottage and small industries. He said that for the financial development of the country, cottage and small industries need to be promoted. FNCSI president Lata Pyakurel sought industrial security and also focused on the importance of the sector in providing employment opportunities. — HNS