BASEL-II workshop

KATHMANDU: Dun & Bradstreet South Asia Middle East in collaboration with Business Information Services Nepal conducted a two-day long workshop on BASEL-II and its best practices in risk management and practical approach to implementing it. Around 30 participants from commercial banks of Nepal and Bangladesh attended the workshop in which faculty Vidhya Nathan and Yogesh Singh of D&B made deliberations, while Maha Prasad Adhikari of Nepal Rastra Bank shared his views on the regulator’s perspective. — HNS

Kist New Road branch

KATHMANDU: Kist Merchant Banking and Finance Ltd has opened its fifth branch at New Road on the occasion of its sixth anniversary. Kist has branches in Butwal, Pokhara and Lalitpur as apart from its head office at Anamnagar. The finance company has also launched ATM services at the New Road branch, making the tally of its ATM network to six. — HNS

NLIC enters 21st year

KATHMANDU: National Life Insurance Company Ltd (NLIC) has completed its 20 years of operations and entered into 21st year on Thursday. NLIC is the first life insurance company from private sector in the country in which Rastriya Banijya Bank has 10 per cent equity. It has been continuously earning profit since its inception and giving 20 to 25 per cent bonus to its shareholders, claims the company. NLIC plans to distribute 120 per cent bonus share to its shareholders from the profit earned during the fiscal year 2005-06. — HNS

BMCL in operations

KATHMANDU: Bagmati Multipurpose Cooperative Ltd (BMCL) has started its operation from Friday. Speaker Subash Nembang launched the cooperative at Bhaisepati. — HNS