International Development Bank, Nepal, news items

Nepal FM defeated International Development Bank's cricket team (October 18, 2011)

Nepal FM defeated International Development Bank Limited by 27 runs to finish Group ‘E’ winners of the 13th Soaltee Crowne Plaza Super Sixes here at the TU Stadium today. read more

IDBL publishes annual report 66/67 (March 31, 2011)

International Development Bank Limited has published annual financial report of fiscal year 2066/67 and meeting minutes of 1st AGM. read more

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IDBL launches "Grand Saving Account" (December, 2010)

International Development Bank has introduced a new deposit scheme named Grand Bachat Khata. The savings account will yield 12 per cent interest on daily balance. According to the scheme, customers have to maintain a minimum balance of Rs 500,000. The customers are entitled to free any branch banking, ATM card, SMS and internet banking

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 Bouddha (September 22, 2010)

The International Development Bank opened it's eleventh branch at Boudha on 22 September, 2010

Tenth branch in Thimi (April 24, 2010)

IDBL opened its tenth branch at Thimi (Bhaktapur, Kathmandu Valley) on Friday June 4, 2010

Ninth branch in Biratnagar (April 24, 2010)

Continuing the rapid expansion of its network IDBL opened a new branch in Biratnagar on Friday April 23, 2010

IDBL opens eighth branch (April 18, 2010)

The eighth branch of the International Development Bank Limited has been inaugurated in Naya Baneshwor by lyricist Kiran Kharel. The newly opened branch will provide all banking services to its customers ranging from free Any Branch Banking Services (ABBS), Locker and ATM.
The bank also launched a new saving account "International Best Saving" with 10% interest rate on daily balance

IDBL holds Annual General Meeting (April 11, 2010)

The sixth annual general meeting of International Development Bank Ltd elected six members of its promoter shareholders to its board. Khemnath Dallakoti, Indra Raj Humagai, Ichchha Bahadur Wagle, Mahendra Kumar Thapa, Arjun Kumar Prasai and Dipak Ratna Shakya were elected to the board. The meeting approved the auditor´s report of 2008/09 fiscal year and the decision to provide 10 percent bonus shares and 5 percent dividend to its shareholders.

International Development Bank launches International Gold Loan (March 18, 2010)

IDBL has launched a new loan product called "International Gold Loan". This product provides cash for a gold deposit instead of just selling gold. It's available for both individuals and companies and for amounts up to NRS 5 million.

Third branch for IDBL in Sukedhara (January 10, 2010, Kathmandu)

International Development Bank opened its third branch in Sukedhara, Kathmandu on Wednesday. Guinness record holder Min Bahadur Sherchan opened the new branch. 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. IDBL earned an operating profit of Rs 290 million during the period. IDBL has plan to open 10 branches by the end of current fiscal year.

IDBL comes into operation (September 21, 2009, Kathmandu)

At a time when the debate regarding the viability of ventures of more banks and financial institutions is going on, one more development bank has made foray into the country's financial sector. International Development Bank Limited has formally commenced its operation.
IDBL, which has its prime office at Teku, Kathmandu, is the 12th development bank of national level. The authorized capital of the bank stands at Rs 2 billion whereas it boasts of Rs 640 million as issued capital. Similarly, the paid-up capital of IDBL amounts to Rs 440.8 million. read more

CG Finco-IDB deal (September 15, 2009)

Chief Executive Officer of International Development Bank, Rajaram Khadka, and General Manager of CG-Finco, Ashish Sharma, signed an agreement to provide Western Union money transfer service. According to Khadka, Western Union Money Transfer service would add extra mileage to the bank and benefit people. read more

Summer 2009: International Development Bank Limited becomes member of SCT Network

 

IDBL to make foray into banking market (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, Madhav Prasad Bhatta, is involved in the process of opening the new bank.

Bhatta said in a press meet on Saturday that they had plans to start the operation of bank by mid-July this year. However, the group said it has already opened its office at Teku, Kathmandu and has already started the process to recruit human resources.

The bank will have authorized capital at Rs. 2 billion. The issued and paid-up capital combined will be at Rs. 640 million. " As much as Rs.448 million (70 percent) out of Rs. 640 billion will be generated from the promoters' group and the remaining amount of Rs. 192 million will be collected through issuance of ordinary shares," said Bhatta.

Read this whole Kathmandu Post article at www.ekantipur.com

 

Contact/Address of IDBL: Ambe Complex, Teku, Kathmandu, more details and phone number click here

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In the coming months we'll publish more news items regarding the opening/introduction of this International Development Bank on this website. If you have any news, don't hesitate to contact us.

 

More financial news from Nepal

 

More development banks in Nepal (amongst others):

 

 

Other 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

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20-02-2012