Bank of Kathmandu Limited has been successful in opening 50 branches in its tenure of 19 years of operation. The Bank inaugurated 3 new branches today in Gaur-Rautahat District, Dailekh-Dailekh District and Diktel-Khotang District which added to the number of branches totaling to 50.
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Bank of Kathmandu Ltd. is pleased to announce successful subscription of 400,000 units of bonds. The Bank had issued ‘BOK Bond 2076’ to raise a total of NPR 400 Million in the form of 400,000 units of bonds each valued NPR 1000.
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Bank of Kathmandu Ltd. today re-launched its unique Mobile Banking service "M-PAISA" in association with Hello Paisa Network of Finaccess Private Limited with attractive added features and services to serve its customers in a better way. This service is re-launched with advanced technology service that will benefit customers to manage their banking services through secure and convenient medium.
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The 18th Annual General Meeting (AGM) of Bank of Kathmandu Ltd. was held today. The AGM has approved 5 percent Bonus Share and 21.32 percent Cash Dividend to its valued Shareholders.
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Bank of Kathmandu has been able to record a net profit of NRs. 608 million during the FY 2011/12.
In view of satisfactory profit earned by the Bank its Board of Directors, during their meeting held on 29th August 2012 has decided to propose for 5 % bonus share and 21.32 %cash dividend post approvals of Nepal Rastra Bank and Annual General Meeting of the Bank.
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The Bank has introduced new service in the market to cater to the needs of people going for foreign employment, “Baideshik Rojgar Banking” which will not only fulfill the need of transferring money to the family of the employee through remittance service but also helps the person open a savings account and also avails the person the facility of loan when in need.
Similarly, “BOK Kissan Banking Sewa” was re-launched with added features and services amidst another function on 10th August by Ajay Shrestha the CEO of the Bank, where the minimum balance for savings account is NPR 100 and NPR 500 for Recurring Fixed Deposit account. The Bank will further deposit NPR 100 during the time the accounts are opened for both Savings and Recurring. The accountholders will further be allowed to apply for individual loan in order to enhance their business in farming, the loan amount ranges from NPR 10,000 to NPR 150,000 only. The service is primarily targeted to rural sector to encourage them to come into banking channel where the Bank desires to provide them with easy Banking facilities.
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As a means to provide banking facilities to a larger Nepali mass Bank of Kathamndu Ltd. opened its 2 new branches in Kathmandu: Maharajgunj andOld Baneshwor, Battisputali. The new branches were opened amidst inauguration functions where Maharajgunj branch was inaugurated by Chairman of the Bank Mr. Narendra Kumar Basnyat and Old Baneshwor by Director of the Bank Mr. Satya Narayan Manandhar. With the addition of two new branches Bank of Kathmandu now has a total of 45 branches and 7 counters throughout the country. Apart from this, the customers can utilize the facility of its network in 54 ATM counters.
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Bank of Kathmandu Ltd. launched “BoK Chetanshil Yuwa Bachat Yojana” today. The product is tailored for low income youth aged 10 to 22 with features such as low minimum balance, free lockable piggy bank and highest interest rate amongst its savings products. The bank will also ensure easy access to the product by offering the product related services at few selected venues like schools/clubs in addition to the bank’s branches. The product which was earlier piloted through its branches in Attariya, Surkhet, Bhaktapur and Gongabu will now be available at all its 43 branches across the country.
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The two popular products were earlier introduced in the market 2 years ago and currently has been revised with added facilities such as reduction in minimum balance of “My Choice Women’s Saving’s Account” from NPR 2,500 to NPR 1,000 only and attractive shopping bags as gifts to all the customers who open the above mentioned accounts. The revision in minimum balance and attractive gifts has been introduced as a means to fulfill popular demands of its customers.“My Choice Women’s saving’s Account” is available in Metropolitan and Sub-metropolitan cities and “Gramin Mahila Bachat Khata”is available in all Municipalities and Village Development Committees (VDC) and can be operated in Bank’s branches situated in these mentioned areas.
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Bank of Kathmandu Ltd. has received the prestigious ‘Bank of the Year 2011- Nepal’ award from The Banker -Financial Times London. The judging panel from The Banker magazine choseBank of Kathmandu Limited as the winner of Bank of the Year in Nepal.
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| As on May 24, 2013 | ||
| Currency | Buying | Selling |
| EUR | 113.42 | 115.13 |
| GBP | 132.41 | 134.41 |
| USD | 88.11 | 89.15 |