Another new branch for IDBL (February 19, 2010)
IDBL is rapidly
extending its network
across Nepal. Today the
bank opened its seventh
branch at Manthali in
Ramechhap in Janakpur
zone. Next branch office for International Development Bank in Malangawa (Sarlahi) (February 15, 2010) Today IDBL opened its new branch office at Malangawa in the south Sarlahi district in the Janakpur zone. This is already the sixth branch of this new Nepali bank and the fourth in the year 2010. ---
--- New branch for IDBL at New Road in Kathmandu (February 5, 2010) IDBL opened its fifth branch at New Road, Katmandu from wednesday 4 February, 2010 New branch for IDBL in Pokhara (January 30, 2010) IDBL opened its fourth branch at Chipledunga in Pokhara on Friday 29 January Third branch for IDBL in Sukedhara (January 10, 2010, Kathmandu) International Development Bank opened its third branch in Sukedhara, Kathmandu on Wednesday. Guinness record holder Min Bahadur Sherchan opened the new branch. The new branch proves modern banking services like ABBS, ATM and others. The bank started its operation from September, 2009. The bank has so far mobilized deposits worth Rs 1.32 billion and disbursed loans amounting to Rs. 1.60 billion. IDBL earned an operating profit of Rs 290 million during the period. IDBL has plan to open 10 branches by the end of current fiscal year. IDBL comes into operation (September 21, 2009, Kathmandu)
At a time when the
debate regarding the
viability of ventures of
more banks and financial
institutions is going
on, one more development
bank has made foray into
the country's financial
sector. International
Development Bank Limited
has formally commenced
its operation.
September 15, 2009 CG Finco-IDB dealChief Executive Officer of International Development Bank, Rajaram Khadka, and General Manager of CG-Finco, Ashish Sharma, signed an agreement to provide Western Union money transfer service. According to Khadka, Western Union Money Transfer service would add extra mileage to the bank and benefit people. read more Summer 2009: International Development Bank Limited becomes member of SCT Network
March 23, 2009 IDBL to make foray into banking marketAn investors' group has started process to open a development bank International Development Bank Limited (IDBL) after it received a 'letter of intent' from the Nepal Rastra Bank (NRB). A team of 514 promoters under the chairmanship of former executive director of the central bank, Madhav Prasad Bhatta, is involved in the process of opening the new bank. Bhatta said in a press meet on Saturday that they had plans to start the operation of bank by mid-July this year. However, the group said it has already opened its office at Teku, Kathmandu and has already started the process to recruit human resources. The bank will have authorized capital at Rs. 2 billion. The issued and paid-up capital combined will be at Rs. 640 million. " As much as Rs.448 million (70 percent) out of Rs. 640 billion will be generated from the promoters' group and the remaining amount of Rs. 192 million will be collected through issuance of ordinary shares," said Bhatta. Read this whole Kathmandu Post article at www.ekantipur.com
Contact/Address of IDBL: Ambe Complex, Teku, Kathmandu, more details and phone number click here ---
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In the coming months we'll publish more news items regarding the opening/introduction of this International Development Bank on this website. If you have any news, don't hesitate to contact us.
More financial news from Nepal
More development banks in Nepal (amongst others):
Other news regarding development banks in Nepal: 29-1-2010 Siddhartha Dev Bank opens 11th branch Siddhartha Development Bank opened its 11th branch in Bauddha, Kathmandu on Thursday. Bank chairman Shekhar Aryal inaugurated the branch. The bank has also installed Automated Teller Machine in the new branch. read more 20-11-2009 Business Development Bank plans upgrade Business Development Bank, a regional level development bank based in Pokhara, is soon upgrading itself into a national level bank. The bank plans to raise its paid up capital to Rs 650 million for upgrading. For this, the bank has undertaken the rights issue at the ratio of 1:2.1. read more
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