EBLs 26th Branch at BhaktapurJuly 6, 2008
In an endeavor to provide banking facilities to large and well spread out sections of the society, we have strived to establish our branches in all the regions of the country. In this attempt, we have opened our 26th branch at Bhaktapur on 6th June 2008. Indian Ambassador, Mr Rakash Sood was the chief guest of the event. Governer, NRB, Mr. K B Manandhar honoured the event with his presence. Chairman and Managing Director of Punjab, India, Dr. K C Chakrabarty inaugurated the event. With the opening of the branch EBL has one of the largest branch networks among private sector commercial banks all connected with Anywhere Branch Banking Systems (ABBS). The bank has 11 ATM counters and has expansion plans to many more locations. EBL debit card also has access to 125 ATMs in Nepal and more than 1500 ATM locations in India where by EBL customers going to India need not carry cash but simply withdraw through EBL Debit cards. Further EBL Debit cards need not be renewed every year which a unique facility provided by the bank.
Everest Bank is the first and the only bank in Nepal to open a representative office in India. The rep office facilitates the opening of the account of Nepalese from the identified branches of Punjab National Bank, India to any of the branches of Everest Bank Limited in Nepal and also facilitate in remitting the funds instantly with a very nominal charge.
It is a well-known fact that large numbers of people from Nepal have been moving abroad and remitting their earnings to the hometown. Thus with EBL’s more than 150 payout location, people can easily remit money to their home town through Everest Remit. Further with Everest Bank, customers can directly transfer money to the account of a person in India just like the way we use the ABBS facility in Nepal.
As a part of its expansion strategies EBL also plans to open branches at Tulsipur, Besisahar, Kirtipur and Golfutar. The bank believes that its expansion to these strategic locations would adhere to its objective of serving the middle and lower section of the society.
Based on the first 10 month’s unaudited accounts the Bank’s credit has grown by 34 % as compared to the corresponding period last year, reaching a figure of Rs 1766 Crore. The total deposits of the Bank have increased by 29 % as compared to the corresponding period last year, touching Rs 2262 Crore. This sustained growth of the Bank is attributable to its quality service to its customers, products meeting the customer’s requirement and a strong team.