With the country moving toward federal setup, Mega Bank on Wednesday it was planning to open regional offices in at least four-five places.
“We also have a strategy to venture into international markets. We have been receiving requests to open branch office sin Sikkim, Darjeeling and Dehradun of India,” Madan Kumar Dahal, chairman of Mega Bank, said, speaking at a program organized to celebrate 4th anniversary of the bank. “We want to go for joint ventures in India if not in US, Europe or Japan.”
According to a statement issued on Wednesday, the bank mobilized deposit of Rs 17.15 billion extended Rs 14.87 billion in loans in fiscal year 2013/14. The bank operates with a network of 28 branch offices, 31 ATMs, 47 branchless banking centers and 1,150 Mega remit agents. It has customer base of around 130,000.
Dahal also said the major challenge of the bank was to identify new investment sectors to extend loans amid liquidity surplus in the banking system. “The economy has shrunk and there is no investment-friendly climate in the country. The challenge for us ahead is to find new investment sectors,” he pointed out.
Speaking at the program, Anupama Khunjeli, deputy CEO of the bank, said they would bring new products as per the demand and desire of the customers. “We have focused on small and medium enterprises (SME) as well as corporate sectors. However, we have felt a vacuum in mid-corporate sectors,” Khunjeli said, adding, “That is why we are introducing ´Mid-Corporate´ banking unit. She also said the bank was introducing Visa card this year.
Khunjeli also expressed commitment to offer double-digit dividend returns to the shareholders in the coming years. The bank had provided 9 percent cash dividend to its shareholder in the last fiscal year.
Meanwhile, the bank provided financial support of Rs 99,999 to Pabitra Samaj Sewa Nepal. Dahal and Khunjeli jointly handed over the check to representatives of Pabitra Samaj Sewa.
Pabitra Samaj Sewa has been providing care to children, widows and senior citizens, according to the statement.
source:republica, 23 july 2014
LINK
“We also have a strategy to venture into international markets. We have been receiving requests to open branch office sin Sikkim, Darjeeling and Dehradun of India,” Madan Kumar Dahal, chairman of Mega Bank, said, speaking at a program organized to celebrate 4th anniversary of the bank. “We want to go for joint ventures in India if not in US, Europe or Japan.”
According to a statement issued on Wednesday, the bank mobilized deposit of Rs 17.15 billion extended Rs 14.87 billion in loans in fiscal year 2013/14. The bank operates with a network of 28 branch offices, 31 ATMs, 47 branchless banking centers and 1,150 Mega remit agents. It has customer base of around 130,000.
Dahal also said the major challenge of the bank was to identify new investment sectors to extend loans amid liquidity surplus in the banking system. “The economy has shrunk and there is no investment-friendly climate in the country. The challenge for us ahead is to find new investment sectors,” he pointed out.
Speaking at the program, Anupama Khunjeli, deputy CEO of the bank, said they would bring new products as per the demand and desire of the customers. “We have focused on small and medium enterprises (SME) as well as corporate sectors. However, we have felt a vacuum in mid-corporate sectors,” Khunjeli said, adding, “That is why we are introducing ´Mid-Corporate´ banking unit. She also said the bank was introducing Visa card this year.
Khunjeli also expressed commitment to offer double-digit dividend returns to the shareholders in the coming years. The bank had provided 9 percent cash dividend to its shareholder in the last fiscal year.
Meanwhile, the bank provided financial support of Rs 99,999 to Pabitra Samaj Sewa Nepal. Dahal and Khunjeli jointly handed over the check to representatives of Pabitra Samaj Sewa.
Pabitra Samaj Sewa has been providing care to children, widows and senior citizens, according to the statement.
source:republica, 23 july 2014
LINK
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