Press Release

Everest Bank LTD. Started Issuing Demand Draft Payable at Bank of China

September 14, 2011

In order to facilitate China related trade transactions, Everest Bank Ltd. (EBL) has started issuing Demand Draft from its Tatopani Branch under Draft Drawing arrangement with Bank of China. Khasa being the hub for China related business, businessmen may be highly benefitted from this added service of EBL.

EBL has been rendering professionalized & efficient banking services to various segment of the society through widest domestic network of 44 branches, 21 extension counters, 46 ATMs & many correspondents across the globe. Deriving strength from its joint-venture partner, the bank has been steadily growing in its size & operation and has established itself as one of the leading private sector bank. The bank has recorded commendable performance with consistent growth in net-worth & profit having one of the lowest non-performing assets in the industry. It has been consistently awarding its shareholders with higher yield on their investments. EBL is the pioneer in introducing Branchless Banking (Everest Ghar-Dailo Banking Sewa) and Mobile Vehicle Banking Services. And for providing more value addition to the customers, EBL has introduced fund transfer facility through mobile as well as payment of post-paid/PSTN/ADSL bill for Nepal Telecom subscribers.

Besides, EBL debit card has access to more than 850 ATMs of SCT network in Nepal and more than 5000 ATMs of Punjab National Bank (PNB) in India whereby EBL customers going to India need not to carry cash and can withdraw cash through EBL debit cards from ATMs of PNB.