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After signing an agreement with NRB, which gives EBL the authority to collect Customs Duty and Other Government Revenues at Dry Port and also at Customs Point, Birgunj, the Bank has opened its 15th branch at Dry Port, Birgunj. It is also in the process of opening its Extension Counter at Customs Point Birgunj. It is committed to provide most efficient and professional services to the importers and exporters at its branch at Dry Port and also at the Extension Counter at Custom Point, Birgunj.

The branch at Dry Port shall be fully computerized having Anywhere Branch Banking System linking it with all the branches of the valley as also with other branches in major cities of the Kingdom of Nepal.

Everest Bank has come out with yet another product under its retail lending segment and have launched its “EBL Home Equity Loan Scheme”, which will allow the existing home loan customers to avail a line of credit against the equity they have built in their houses. As per this new scheme the existing home loan customers of the Bank who have been regularly paying their installment, whose disposable income has increased and where the market value of the house has appreciated shall be eligible for additional loan under this scheme. This will give flexibility to the customers to access the low interest loans against the extension of the mortgage of the existing house. The loan can be utilized by the customers for any purpose like home improvement, education, purchase of a new car and for meeting various other expenses.

EBL has been adding new products under its retail lending for the benefit of individual borrowers as well as for business community. With the launching of this scheme, EBL now has seventh products to offer under retail lending. The scheme has been launched after proper review and success of its earlier schemes.

Everest Bank has introduced its Debit Card for its customers. Everest Bank’s Debit Card shall have wide accessibility as the bank has entered into an ATM sharing agreement with Smart Choice Technology (SCT), which shall enable the usage of EBL’s Debit Card at a network of 15 shared ATM’s carrying the logo of SCT and also in over 250 Merchant Outlets in Nepal. This Debit card can be used at Merchant Outlets like Departmental Stores, Hotels, and Restaurants etc with no additional cost.

Everest Bank’s ATM at its New Baneshwor Branch was inaugurated today by its Chairman Mr. B. K. Shrestha and Mr. C. P. Swarnakar, Sr. General Manager, Punjab National Bank, India and Director representing Punjab National Bank on the Board of Everest Bank Limited.

The very fact that, Mr. Swarnakar has come all the way form India for this purpose shows the value and commitment Punjab National Bank attaches to its joint venture in Nepal. Speaking on the occasion, Mr. Swarnakar reassured the EBL Management and its patrons and clients that PNB will continue to provide EBL the latest banking know-how and wished that EBL shall continue growing at the same pace so as to achieve a predominant position amongst the banking system in Nepal.

Mr. B. K. Shrestha, Chairman of EBL stated that EBL Board and Management is conscious of the fast changing developments in the financial sector and assured its customers that EBL shall not be found lacking in any field and shall adopt the latest technology in order to retain its pioneer position amongst the banks in Nepal. He also declared that looking at the banks results for the 10 months ending Baisakh 2061, EBL is poised to show spectacular growth in all parameters at the ensuing year ending Ashadh 2061.

SCT Network will transform the traditional cash- based transactions into cashless plastic transactions using fourth generation switching software and hardware.

The EBL Debit Card will be accepted at over 15 ATMs wherever the logo of SCT is displayed and over more than 250 merchant outlets in Nepal. The Debit Card will be issued free of cost to all the EBL Saving Premium Cardholders. The EBL Debit Cardholder will be entitled to discounts at various Outlets.

At EBL, we have always believed in using technology to add value to the services provided to the customers. In future EBL is set to tie up with its joint venture partner Punjab National Bank which will enable our clients in Nepal to have access to ATM’s of Punjab National Bank located at over 100 cities in India.

Among other services, the Representative Office will facilitate Nepalese citizens to remit their savings from India to Nepal through banking channel. They would be permitted to open the account in any of the EBL branches in Nepal through selected branches of PNB in India itself. Further, the Nepalese who have proven regular income are likely to be provided Overdraft facility by EBL.

The Representative Office will further make available to potential investors in Nepal the required information regarding the applicable laws, introduction to Nepalese joint-venture partners etc.