The 17th Annual General Meeting (AGM) of Bank of Kathmandu Ltd. was held today. The AGM has approved 18 percent Bonus Share and 16.75 percent Cash Dividend to its valued Shareholders.
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As part of its Corporate Social Responsibility - Education Bank of Kathmandu Ltd. has supported Gyan Kunja Primary School in remote village of Sigana VDC, Baglung. The project was instigated on the occasion of Education Day.
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Bank of Kathmandu Ltd. is now associated with Agricultural Bank of China Ltd., China, (ABOC) one of the top Bank in China by opening a USD account with their Lhasa Branch.
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Bank of Kathmandu has been able to record a net profit of Rs. 605 million during the FY 2010/11. This is an increase of 18.83 percent compared to the previous financial year. For the first time in the Bank's seventeen year’s history it has been able to cross Rs. 1 billion mark in operating profit before provisions. The Bank's operating profit before provision for the year was Rs. 1.05 billion.
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Bank of Kathmandu Ltd. has received an award of recognition for the 'Most Active GTFP Issuing Bank for SME and South-South Trade in South Asia' from International Finance Corporation (IFC) - a member of the World Bank Group.
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In order to provide broader services to its customers, Bank of Kathmandu today launched “BOK Muddati Plus” a new fixed deposit account that offers 11.5 % yearly interest and has NPR 10,000 minimum deposit. The account can be opened within tenure of 2 to 5 years and is available for individuals as well as institutional depositors.
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Bank of Kathmandu Ltd. opened its two new branches at Tamghas of Gulmi District & Sandikharka of Arghakhanchi District. Honorable Chairman of the bank Mr. Narendra Kumar Basnyat inaugurated the branch in Tamghas and Director of the Bank Mr. Govinda Prasad Sharma amidst two different functions today.
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Bank of Kathmandu this year is introducing “BOK Kissan Banking Sewa” -which aims to bring rural mass into the formal financial channels
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With an objective of introducing general Banking services amongst general mass of the country, Bank of Kathmandu Ltd. has introduced “BOK Ghardailo Saptaha” program and has been running it across different parts of the country. Giving continuation to the program the Bank recently conducted the campaign in Pokhara of Kaski and Khairenitar of Tanahu districts.
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Bank of Kathmandu Ltd. today launched a unique Mobile Banking service "M-PAISA" .This service is available for all the mobile users with a motive to provide an attractive and beneficiary service.
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| As on May 17, 2013 | ||
| Currency | Buying | Selling |
| EUR | 111.48 | 113.16 |
| GBP | 132.14 | 134.14 |
| USD | 87.06 | 88.1 |