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NMB Bank bags ‘Bank of the Year 2017’ award

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KATHMANDU — NMB Bank has received the ‘Bank of the Year-2017’ from the Financial Times.

“This award is dedicated with gratitude to our valued customers, shareholders, employees, regulatory bodies and well wishers who have consistently supported the Bank over the years,” NMB said in its statement.

NMB Bank Chairman Pawan Kumar Golyan and CEO Sunil KC accepted the award on behalf of the bank.

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“The prestigious award reinforces NMB Bank as one of the top commercial banks in Nepal and is a testament to the remarkable growth trajectory that the bank has embarked on in the past few years”, the statement further reads.

The award —  which is provided on the basis of their ability to deliver returns to shareholders, bank’s financial performance, shareholders’ value, customers’ initiative among other parameters — is recognised as the industry standard for banking excellence globally.

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Economy

Century Commercial Bank begins joint operation

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Centuary Bank joint operation inuguration

KATHMANDU — After acquiring ‘B’ class Alpine Development Bank Limited and ‘C’ class Seti Finance Limited, Century Commercial Bank Limited has started its joint operation from Monday.

Joint operation of the bank was inaugurated by Chiranjibi Nepal, governor of Nepal Rastra Bank (NRB), according to a statement issued by the bank.

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The bank has acquired these two financial institutions to expand its capital to Rs 8 billion. The bank now had 85 branches across the country, which would soon be expanded to 100.

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