EBL has 26 branches

KATHMANDU: Everest Bank Ltd (EBL) has opened its 26th branch at Bhaktapur on Friday. Indian ambassador Rakash Sood, NRB governer K B Manandhar were present on the occasion of opening of the branch that was inaugurated by chairman and MD of Punjab National Bank, India, Dr K C Chakrabarty. The bank has 11 ATM counters and has expansion plans to many more locations, states a press release. EBL debit card also has access to 125 ATMs in Nepal and more than 1500 ATM locations in India where EBL customers going to India need not carry cash but simply use their debit cards. — HNS

BPC’s new identity

KATHMANDU: Butwal Power Company (BPC) adopted United Nations Environment Programme slogan ‘Kick the Co2 habit! Towards a low carbon economy’ from the World Environment Day. “The company supports UNEP’s focus on reduction of greenhouse emissions,” states a press release. BPC has earlier, been awarded the Blue Planet Award 2005 by International Hydropower Association in association with UNESCO, recognising its activities in environment conservation. It has a new blue and orange logo signifying the tranquil sky reflected in the Himalayan waters, and energy and power. — HNS

BoAN opens branch

KATHMANDU: Bank of Asia Nepal (BoAN) has opened its third branch at Jawalakhel in Lalitpur. Trilok Chandra Agrawal, the chairman of the bank inaugurated the new branch on Friday. The bank has also launched a new saving scheme ‘Sambridi Bachat Khata’ on the occasion, states a press release. BoAN claims that it earned Rs 38 million operating and Rs 13 million net profits in a short span of its operations. — HNS

EICL to give bonus

KATHMANDU: Everest Insurance Company Ltd (EICL) is distributing 8:1 bonus shares. During its 13th AGM, here on Thursday, EICL announced that it sold premiums worth Rs 248.68 during the fiscal year 2006-07 and earned Rs 22.08 million net profit. The company has sold premiums worth Rs 262.02 million during the first nine months of the current fiscal year 2007-08 and posted a growth of 46.61 per cent, states a press release. — HNS

Muna Bacht Khata

KATHMANU: Sanima Bikas Bank Ltd (Sanima) has introduced yet another customised deposit product ‘Sanima Muna Bachat Khata’ targeted to minor children. The account can be opened at an initial deposit of Rs 500, states a press release. The account offers six per cent interest rate per annum on monthly minimum balance, whereas it also offers free SMS banking service, account statement, cheque Book issue and 25 per cent discount on draft issuance for account holder and/or parents. — HNS

FNCCI discussion

KATHMANDU: A FNCCI delegation led by its president Kush Kumar Joshi met with American ambassador to Nepal Nancy J Powell at the latter’s office on Thursday. The team requested America’s support to attract investment on agriculture, hydropower, tourism and information technology sector, states a press release. Joshi also requested the US envoy to provide duty free market access to Nepali readymade garments. — HNS

Sino-S Asia forum

KATHMANDU: Suraj Vaidya, senior vice-president of FNCCI, is taking part in the third China-South Asia Business Forum meeting being held in Kunming city of Yunan province of China. Organised jointly by China Council for Promotion of Internatio-nal Trade and SAARC-Chamber of Commerce, it will discuss on promoting trade and investment . — HNS