NIC Bank in Lahan

KATHMANDU: NIC Bank Ltd has opened its 15th branch in Lahan. “This is the first branch of any private commercial bank in the city,” states a press release. The new branch will provide a full range of products and services including all modern banking facilities-trade finance, remittance, business and customer loans, ATM/debit cards, drafts, SMS banking and travellers cheque issuance. The branch is connected to all other branches through a V-SAT network enabling real-time online connectivity. NIC Bank plans to open branches in Dhangadhi in far western region and Battisputali in Kathmandu soon. — HNS

NCC starts e-banking

KATHMANDU: Nepal Credit and Commerce (NCC) Bank has started internet banking (e-banking) services from Friday. The customers can check their balance statement and print it, states a press release issued here by the bank. The bank will soon add more features to the e-banking service, which is available through The new service is available through all 17 branches of NCC Bank. — HNS

CMBFL’s bonus shares

KATHMANDU: Capital Merchant Banking & Finance Ltd (CMBFL) during its sixth annual general meeting on Thursday decided to give 15 per cent bonus shares and 0.83 per cent cash dividend to its shareholders from the net profit it made during the fiscal year 2006-07. The annual meeting also approved a proposal to upgrade Capital Merchant Banking & Finance Ltd into a commercial bank, states a press release. “The company will gradually increase its paid-up capital — needed according to the directives of the central bank — within the next two years,” it states.— HNS

IME turns seven

KATHMANDU: International Money Express (IME) has completed its sixth years of operations and entered seven from Thursday. Started in 2002, IME is the first private money transfer company in the country. IME has over 350 outlets to distribute remitted money in all 75 districts of the country, whereas its international network has expanded from Malaysia to Saudi Arabia, Qatar, Bahrain, England, Israel, Brunei, Singapore, Oman, Australia, South Korea and the USA, states a press release. IME has been providing swift money transfer services to Nepali workers abroad, states the release. — HNS