Civil Bank Limited

Civil Bank Limited
सिभिल बैंक लिमिटेड

सिभिल बैंक लिमिटेड
Headquarters Kamaladi, KMC-31, Kathmandu
Coordinates 27.7097787°N,85.3162972°E
Established November 26, 2010
CEO Kishore Maharjan[1]
Currency Nepali rupee
NPR (ISO 4217)
Bank rate 7.00 % (for import/export financing) to 20.00 % (for micro-lendings)[2]
Interest on reserves 2.00 % (for FCY Savings) to 6.00% (for Swochalit Muddati)[3]
Website wwww.civilbank.com.np

Civil Bank Limited (CiBL)[4][5] (Nepali: सिभिल बैंक लिमिटेड; NEPSE: CBL) is a commercial bank in Nepal. Founded in 2010, the bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank[6] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.

The bank was established with a paid up capital of NPR 1.20 billion later raised to 2.00 billion by issuing ordinary shares. The paid up capital of the bank has since been increased to NPR 2.69 billion after distribution of stock dividends and successful acquisition of former Axis Development Bank Limited and Civil Merchant Bittiya Sanstha Limited.[7] The bank is under process of raising paid-up capital to 4.70 billion by acquiring International Leasing and Finance Company Limited. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.[8]

Correspondent Network

The bank has been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross border services. Through these correspondents the bank is able to provide services in any major currencies in the world. The bank also maintains its extension offices Middle East to assist in the remittance of funds from overseas Nepalese workers. These services are soon to be expanded to South Korea after acquisition of International Leasing and Finance Company Limited.

Network

Civil Bank Limited is now operating 42 branches and several branch-less banking counters spread throughout Nepal. All of the bank's branches have been established as full service outlets that offer a large range of banking services to its customers. The bank also operates 33 ATMs throughout the country strategically placed for the convenience of customers.

External links

See also

References

  1. ↑ http://wwww.civilbank.com.np/Management-Team/19/
  2. ↑ http://wwww.civilbank.com.np/financial-highlights/Schedule-of-Interest-Rates/5/
  3. ↑ http://wwww.civilbank.com.np/financial-highlights/Schedule-of-Interest-Rates/5/
  4. ↑ http://wwww.civilbank.com.np/
  5. ↑ http://www.nepalsharemarket.com/nepalsharemarket/Nepse/Analysis/Quoteanalysis.aspx?id=COM-000359
  6. ↑ http://www.nrb.org.np
  7. ↑ http://wwww.civilbank.com.np/Introduction/17/
  8. ↑ http://www.nepalstock.com/
This article is issued from Wikipedia - version of the Friday, April 29, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.