14th branch opened Lalitpur (December 2, 2010) Today the fourteenth branch of IDBL has been opened at Lagankhel in Lalitpur New branch in Birgunj (November 17, 2010) IDL opened its 13th branch in Birgunj in Parsa District (Narayani Zone) last Wednesday (17th November, 2010) ---
--- New IDBL branch opened in Chautara, Sindhupalchowk (November 1, 2010) Continuing the expansion of its network of branche offices The International Development Bank opened it's twelveth branch office in Chautara in Sindhupalchowk on November 1, 2010 Eleventh IDBL branch opened Boudha (September 22, 2010) The International Development Bank opened it's eleventh branch at Boudha on 22 September, 2010 Tenth branch in Biratnagar (April 24, 2010) IDBL opened its tenth branch at Thimi (Bhaktapur, Kathmandu Valley) on Friday June 4, 2010 January 10, 2010, Kathmandu 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. Third branch for IDBL in Sukedhara (January 10, 2010) International Development Bank opened its third branch in Sukedhara, Kathmandu on Wednesday. Guinness record holder Min Bahadur Sherchan opened the new branch, according to a statement received on Wednesday. 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, according to the statement. The bank also earned an operating profit of Rs 290 million during the period. The bank has plan to open 10 branches by the end of current fiscal year. Kathmandu, Nepal, Monday March 23, 2009:An 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, ....... Read this whole Kathmandu Post article at www.ekantipur.com In the coming months we'll publish more news items regarding the opening/introduction of this International Development Bank and other development banks on this website. If you have any news, don't hesitate to contact us.
News regarding development banks in Nepal: 8-11-2010 - Himchuli Development earns NRs. 80 million. Himchuli Development Bank has been able to post the earning of around Rs. 80 million during its four years of operation. The deposit of the bank has surged to Rs. 2.26 billion and increased by 74.26 percent. The bank started its operations with from Rs.18 million paid-up capital four years ago. 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 17-11-2009 Door opens for Agricultural Development Bank Ltd IPO The Agricultural Development Bank Limited has named its issue manager Ace Development Bank as underwriter of its ordinary share issue. It has opened door for ADBL to get approval from Securities Board of Nepal for issuing shares. The ADBL is working to issue ordinary shares worth Rs. 960 million which is the largest ever initial public offering (IPO) in the country. read more 18-10-2009 Infrastructure Development Bank is planning to become development bank Infrastructure Development Bank Limited has reached an agreement with GroMore Merchant Banker to issue right shares worth Rs 48 crore in the ratio of 1:1.5. IDBL managing proprietor Dr Indra Raj Humagain and GroMore Bank’s issue and sales general manager Kabindradhoj Joshi signed the accord on behalf of their respective organisations. read more 16-10-2009 Gorkha Development Bank in Thimi Gorkha Development Bank (Nepal) opened its 12th branch at Shankhadhar Chowk of Madhyapur Thimi Municipality on Thursday. DB Bamjan, chairman of the bank, inaugurated the new branch. read more ---
--- 12-10-2009 Kasthamandap Dev Bank turns three Kasthamandap Development Bank completed two years of operation on Sunday. It had managed to open eleven branches in different parts of the countries apart from its headquarters in New Road, Kathmandu and had managed to steadily increase deposits and loans and had also operated in profit right from its beginning. read more 24-09-2009 Agriculture Development Bank opens three branches Agriculture Development Bank Limited (ADBL) has brought three branches into operation this week. According to a statement, ADBN CEO Shyam Pandey inaugurated the branches in Dhankuta, Urlabari and Indrapur in Morang, which will provide full banking services ....read more 13-09-2009 Small depositors may get back their partial deposits Small depositors of troubled Nepal Development Bank (NDB), which is subjugated at the Patan Appellate Court for liquidation, could be allowed to withdraw 50 percent of their savings or Rs 200,000, whichever is higher, before the Dashain festival that is a couple of weeks away. The possibility emerged after the court-appointed investigation authority TR Upadhyaya, mandated to suggest norms for refunding savings of small depositors, recommended the county to allow small depositors withdraw part of their savings. The central bank ....read more 03-09-2009 Nepal Investment Bank and China Development Bank signed a Memorandum of Understanding Nepal Investment Bank (NIB) and China Development Bank (CDB) last week signed a Memorandum of Understanding (MoU), according to which the CDB will provide financial support to the projects recommended by NIB to promote Nepal´s economic development. Chairman and Chief Executive Director of NIB Prithivi Bahadur Pande and Governor of CDB signed the MoU on behalf of their respective organizations on August 27. 05-08-2009 Nepal Rastra Bank suspends registration of new banks
Nepal Rastra Bank has
temporarily suspended
the registration of new
financial institutions
including commercial
banks, development banks
and finance companies.
The central bank decided
Tuesday not to take any
more applications
seeking permission to
open new financial
institutions until a
study on the number of
financial institutions,
services they are
delivering and the need
of the economy is
completed, Kantipur
daily reported. 04-08-2009 Ace Development Bank rights shares listed Shares of Ace Development Bank distributed through rights issue have been listed at the Nepal Stock Exchange. The bank said the listed shares were those issued between May 20 and June 23 and approved by the bank´s executive committee on May 31. 31-7-2009 CSI bank to issue public shares Nepal CSI Development Bank Ltd is issuing 3 million units of public shares worth Rs 300 million by mid-January 2010. The bank has appointed NIDC Capital Markets Ltd issue manager for this purpose. 11-07-2009 Sanima opens two new branches Sanima Bikas Bank has opened two new branches, one each in Narayanghat and Pokhara. Directors of the bank, Pankaj Adhikari and Bharat Kumar Pokharel inaugurated the branches respectively amid a function on Friday. 11-07-2009 Kasthamandap bank opens 10th branch Kasthamandap Development Bank, a leading development bank with its headquarter in Kathmandu, has opened its tenth branch in Pokhara amid a function on Friday. The branch office was inaugurated by chairman of the bank Jaganath Gyawali. 03-07-2009 Ace opens three new branches Ace Development Bank has opened three new branches at Jawalakhel in Lalitpur, Parsa Bazaar in Chitwan and Urlabari in Morang district. The chairman of the bank, Yogendra Shakya, inaugurated the Jawalakhel branch amid a function on Thursday 19-06-2009 ADBN seeks permission for public issue Agricultural Development Bank Limited has sought permission from Securities Board Nepal for issuing shares to the general public. The bank has lodged an application at the board for issuing 9.6 million units of shares worth Rs 960 million. 17-06-2009 DCBL Bank opens new branch DCBL Bank Limited has opened its fifth branch at Bhairahawa in Rupandehi district. Krishna Lal Maharjan inaugurated the new branch on Tuesday through the Internet from Kathmandu. 02-06-2009 Nepal Development Bank to be liquidated In a landmark decision, Nepal Rastra Bank (NRB) has decided to send the long-troubled Nepal Development Bank into liquidation after concluding that all its five-year long efforts to revive the bank failed owing to incompetent and defiant management. 20-5-2009 Kasthamandap Development Bank branch in Baglung Bazaar Kasthamandap Development Bank (KDB) opened its branch in Baglung Bazaar of Baglung district. The bank has been providing services from Ridi Bazar, Beni, Kusma, Namche Bazaar, Butwal and Gongabu, Chabahil and Satdobato. Issuing a statement Tuesday, the bank said it is opening two more branches in Pokhara and Narayangadh. 7-5-09 Sunrise shares oversubscribed The four-day-long application period for bidding on Sunrise Bank´s public shares, which received an overwhelming response from investors, closed on Wednesday. The IPO, which was the largest ever IPO floated by a financial institution in Nepal, received 16 times the subscription volume that was on offer. More financial news from Nepal / details and phone number of IDBL
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