Nepali Times
BIZ BRIEF
Golf players


Surya Nepal Khelparyatan and Nepal Golf Association as per the Surya Nepal NGA Youth Golf Coaching Programme selected Dinesh Prajapati, Sanjiv C.K. and Sonam Lama as the 'Camp of Excellence'. They will now be playing in the prestigious Surya Nepal Golf Tour.

Branching out
Kumari Bank opened its 20th and 21st branch in Koteshwor and Budhanilkantha. The bank plans to open more branches outside the Kathmandu Valley and reach a total of 30 branches by the end of the year.

Soaring high
MoneyGram International and Samsara opened two new agent locations in Nepal; one at Everest Base Camp (5365m) and the other in Namche Bajar (3440m). The former is now the highest money transfer agent location in the world.

Forefront
Nepal Investment Bank has become the first bank in Nepal's history to receive an investment grade rating of A, from the Indian Credit Rating Agency. The rating ranges from AAA to D.

Prevent AIDS
Arun Beverages and PepsiCo International launched its CSR initiative. The program is aimed at HIV/AIDS awareness and will be driven across the country by VBNPL and PepsiCo International with the help of Mitra Samaj, an NGO working with USAID which will also be distributing free condoms to all the participants.

Seeing is believing
Standard Chartered Bank conducted a fund-raising walkathon on 21 November, 'A Walk for a Brighter Tomorrow'. The funds raised will go to the bank's 'Seeing is Believing' initiative, which seeks to increase awareness amongst the public about blindness to reduce the stigma associated with visually impaired people.

Finger lickin' good
Kentucky Fried Chicken (KFC) and Pizza Hut have finally opened in Kathmandu. The two American food chains were brought to Kathmandu by Devyani International in partnership with NMB Bank and are located in Annapurna Complex, Darbar Marg.

Steps forward
City Development Bank presented its annual progress report at its 3rd annual general meeting held last week. The bank has been able to make a net profit of Rs 6.5 million with an investment of Rs 960 million. It has collected deposits worth Rs 1.19 billion this year. The bank has a total of five branches and preparing to open a new branch in Damauli in the near future.

Spreading wings
Biswa Bikash Bank has extended its branches in Kushma, Parbat, marking its third anniversary. The bank is also preparing to open a branch in Rupandehi, Butwal.

Share the wealth
Kamana Development Bank will be floating public shares to add to its authorised capital. The bank is planning to reach 10 districts and open new branches, with SMS and Internet banking services.



LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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