BFI

Profits of Banks Decline by 15 Percent
Profits of Banks Decline by 15 Percent
  0   2 minutes 51 seconds to read

KATHMANDU: The profits of banks and financial institutions dropped by over 15 percent as of mid-May in the current fiscal year due to the decline in economic activities and weak loan recovery.…

Bad Debts of BFIs Soar to Highest Level in a Decade at 3.98 Percent
Bad Debts of BFIs Soar to Highest Level in a Decade at 3.98 Percent
  0   3 minutes 7 seconds to read

KATHMANDU: The bad debts of banks and financial institutions (BFIs) have surged to a 10-year peak of 3.98 percent, largely attributed to the economic slowdown following the COVID-19…

Standard Chartered Bank Nepal inaugurates Dharan branch
Standard Chartered Bank Nepal inaugurates Dharan branch
  0   2 minutes 1 seconds to read

April 7: Standard Chartered Bank Nepal Limited has inaugurated its Dharan branch at Mukumlung Complex, Ramailo Chowk. Issuing a statement on Sunday, the bank said that the branch operation commenced on April…

 Aloi and Kumari Bank Collaborate for Digital Green Financing
Aloi and Kumari Bank Collaborate for Digital Green Financing
  0   1 minutes 37 seconds to read

February 18: Aloi Private Limited, a platform dedicated to lending to emerging market green micro-entrepreneurs through verified merchants, and Kumari Bank Limited announced the signing of a Memorandum of Understanding (MoU) on February 15 to explore, evaluate, cooperate, and potentially work towards initiating and upscaling sustainable and green financing through digital financial literacy…

Standard Chartered Bank contributes USD 100,000 to Support Quake Victims
  0   1 minutes 39 seconds to read

December 1:  Standard Chartered Bank on Friday announced a donation of USD 100,000 (NPR 13.3 million) to the British Red Cross, the bank’s emergency response partner, to support the victims of the recent earthquake in western…

Sanima Bank Signs Partnership Deal with Swisscontact Nepal for Agro Financing
Sanima Bank Signs Partnership Deal with Swisscontact Nepal for Agro Financing
  0   1 minutes 37 seconds to read

July 26: Sanima Bank has signed a partnership agreement with Swisscontact Nepal for the Phase II of Agriculture Market Development Program Phase with the goal of strengthening the capacity of the bank to finance agro-based SMEs in Koshi…

Dinesh Thakali Appointed CEO of Kamana Sewa Bikas Bank for Four-Year Term
Dinesh Thakali Appointed CEO of Kamana Sewa Bikas Bank for Four-Year Term
  0   1 minutes 51 seconds to read

Kamana Sewa Bikas Bank has announced the appointment of Dinesh Thakali as its new Chief Executive Officer (CEO), effective from May 28, 2023.  Thakali's appointment was made by the bank's Board of Directors during a meeting held on…

Nabil Bank and Purbanchal University Collaborate to Enhance Banking Facilities and Skills

Nabil Bank and Purbanchal University have signed a Memorandum of Understanding (MOU) to enhance banking facilities and provide skill enhancement programs.  As per the agreement, Nabil Bank will offer total banking facilities and digital solutions to all staff members of Purbanchal…

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