February 20, 2018 9:05 PM ET

Banks

Company Overview of Janata Bank Nepal Ltd.

Company Overview

Janata Bank Nepal Ltd. provides commercial banking products and services to the public in Nepal. It provides fixed and savings deposit accounts; and loans, such as personal, working capital, hire purchase, auto, and housing loans, as well as margin lending and loans against gold and silver. The company also offers non-funded and foreign currency transaction services, merchant banking, and other advisory services; services to build, operate, and transfer projects; investment opportunities to small savers; and fund management services. In addition, it provides trade products, which include cash in advance, bank guarantee, documentary collection, and letter of credit; and remittance services, f...

Shankhamul Marg

New Baneshwor

P.O.Box: 23600

Kathmandu,  44600

Nepal

Founded in 2010

Phone:

977 1 4786100

Fax:

977 1 4786300

Key Executives for Janata Bank Nepal Ltd.

Chief Executive Officer
Chief Finance Officer
Chief Operating Officer
Head of Loan Documentation
Head of Information Communication
Compensation as of Fiscal Year 2017.

Janata Bank Nepal Ltd. Key Developments

Janata Bank Nepal Limited Signs Bancassurance Agreement with Sagarmatha Insurance Co. Ltd

Janata Bank Nepal Limited has signed a bancassurance agreement with Sagarmatha Insurance Co. Ltd. to provide life and non-life insurance schemes to its borrowers and depositors. Both companies involved in the transaction are based in Nepal.

Janata Bank Opens a New Branch in Lahan

Janata Bank announced that it has opened a new branch. The firm has opened the new branch in Lahan. The bank has inaugurated its 39th branch office in Lahan of Siraha district.

Janata Bank Nepal Seeks Merger Partner

Janata Bank Nepal Ltd. is looking for other bank and financial institutions for merger. Merger plans between Machhapuchchhre Bank (MBL) and Janata Bank Nepal have collapsed. Guru Prasad Neupane, coordinator of the merger committee from Janata Bank Nepal said: "There are still a lot of BFIs in the market willing to consolidate with our bank. We will immediately start the process with other potential partners."

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 2, 2017
Siddhartha Development Bank Limited
\
 

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