Press Release

Everest Bank inaugurates its 34th branch in Maitidevi

August 10, 2009

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 regions of the country. In this attempt, we have opened our 34th branch at Maitidevi. The bank currently is providing banking services through 59 points viz.  34 branches, 5 revenue collection counters, 20 authorized representatives in VDCs through “Everest Ghar-Dailo Banking Sewa, a branchless banking system. Mr Nagesh Pydah, Executive Director, Punjab National Bank, India, inaugurated the branch at the event.

The bank also inaugurated its 30th ATM at the premises. EBL debit card also has access to more than 305 ATMs in Nepal and more than 2000 ATM locations in India where by EBL customers going to India need not to carry cash but simply withdraw through EBL debit cards.

The bank has recently launched recharge payment through mobiles whereby EBL customer can now recharge their Prepaid NTC (Namaste and Sky Phones) through their mobiles itself. This is a service offered for the first time in Nepal.

Everest Bank is the first and the only bank in Nepal to start branchless banking system-“Everest Ghar-Dailo Banking Sewa”. This service is unique delivery channel in banking services to facilitate rural people in banking with the help of sophisticated technology. This service is branchless banking service through point of transaction (POT) machine by using smart cards. At present, the service is being provided by our B/O Baglung, B/O Bhaktapur and B/O Nepalgunj through 20 Business Correspondent.

As a part of its expansion strategies EBL also plans to open branches at Thamel in the near future. Further as part of “Everest – Ghar Dailo Banking Sewa”, a branchless banking system, the bank plans to extend it to all terai branches. 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.