Money Matters News In Brief (5-11 August 2013)

HBL Launches American Express Gold Credit Card 

Himalayan Bank Ltd (HBL) and American Express launched Himalayan Bank American Express Gold Credit Card on August 1. The card will be accepted at more than 900 HBL POS terminals and 76 ATMs within Nepal. The card is of two types namely domestic and international. The domestic card members can get up to 20% saving on dining and up to 15% on shopping and hotels and spa. They can also enjoy privileged access to world-class golf facilities in Nepal and complimentary access to Radisson Lounge at TIA and Altitude Lounge in domestic airports of Delhi and Mumbai. Similarly, international card members can get complimentary membership to the Priority Pass Program that gives access to 600 VIP airport lounges around the world. They will also enjoy great savings and discounts on shopping, dining and travel. 

 

 

EBL Profit Up 34.14 Percent 

The operating profit of the Everest Bank for the financial year ended 15th July, 2013 has increased by 34.14 percent (Rs. 240.17 crores) compared to the previous financial year (Rs.179.04 crores). The figures are based on the Provisional Account as presented by the Management of the Bank to the Board. The Board noted with satisfaction the Bank has now joined the league of the largest banks in the country with total business in excess of Rs. 10,000 Crores. The NPA has come down to 0.62percent from 0.84percent last year. 

 

 

NDEX Signs Agreement with Auction Holdings

Managing Director of Nepal Derivative Exchange Limited Bishwojan Thapa Shrestha had left for Malawi, Africa last week on invitation of Auction Holdings Commodity Exchange for its inauguration. Both the Exchanges signed an agreement in the programmme for bilateral co-ordination, welfare and mutual knowledge sharing. Shrestha from Nepal Derivative Exchange Ltd and RD Matwi from Auction Holdings Commodity Exchange signed the agreement. The visit is expected to strengthen the mutual relationship between both the companies in the future. 

 

 

Century ATM at Koteshwor 

Century Commercial Bank on Wednesday, July 30 installed its 17th ATM terminal at Koteshwor. 

 

 

Janta Bank’s Three ATMs 

Janta Bank on Tuesday, July 29 installed three ATM terminals at Suryabinayak of Bhaktapur, Nepalgunj and Inarwa. 

 

 

Mega and Xpress Money Tie 

An agreement was signed between Mega Bank Nepal Limited and Xpress Money Service for the remittance business on August 1. 

 

 

Prabhu Money Transfer Partners with Century Bank 

An agreement was signed between Prabhu Money Transfer and Century Commercial Bank for the remittance business. The remittance agreement was jointly signed by Rameshwor Sapkota, General Manager of Prabhu Money Transfer and Ganesh Kumar Shrestha, CEO of Century Commercial Bank.