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Bank of Kathmandu awarded Bank of the Year

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News item 04-12-2011

Bank of Kathmandu has been awarded Bank of the Year 2011-Nepal and Kumari Bank has received The Manthan Award South Asia 2011. The Banker Magazine, a publication of the Financial Times Group awards the banks around the globe with its prestigious The Banker Award. BoK chairman Narendra Kumar Basnyat and chief executive Ajay Shrestha received the Banker Award along with a certificate of merit in London amid a ceremony. The Banker award is presented to the banks on the basis of financial performance, shareholder value, customer initiatives and performance against peer banks. It is considered to be the testament to the sound business model and prudent management of risks. Bank of Kathmandu has been providing modern banking services to its customers from 49 outlets including 43 branches and six extension counter. Likewise, Kumari Bank has received The Manthan Award South Asia 2011 -Digital Inclusion for Development, during The Manthan Award South Asia 2011 International Summit 2011 held in New Delhi. The bank won the award in the e-business and enterprise category for providing Kumari Mobile Cash.

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Other banking news and articles:

Nepal Bangladesh Bank & Nepal Sri Lanka Merchant Bank seeking approval for their merger (2-11-2010)
Nabil bank launches Dashain/Tihar scheme (15-09-2010)
Manakamana Development Bank opens first branch (27-08-2010)
80 percent bank loans go to the private sector (07-08-2010)
Nabil bank receives Best Presented Award (24-07-2010)
Sunrise Bank trades largest number of shares (30-06-2010)

 

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