EBL signs agreement

KATHMANDU: Everest Bank Ltd (EBL) has signed an agreement with Nepal Stock Exchange (Nepse) for listing of 600,000 units of eight per cent Debentures worth Rs 600 million. The debentures maturing on 2020-21 with face value of Rs 1,000 each will pay interest semi-annually, as per the statement issued on Monday.  The agreement was signed by AK Ahluwalia, chief executive officer of EBL and Sita Ram Thapaliya, general manager and CEO of Nepse. Presently the bank is rendering professionalised and efficient banking services through its widest domestic network of 61 branches, five extension counters, 24 revenue collection counters, 83 ATMs and many correspondents across the globe. The bank was conferred as ‘Best Managed Commercial Bank’ by Asian Paint New Biz in 2013.