Saturday, November 12, 2011

Kist Bank Ltd. - Introduction

Profile Of The Bank

With its vision of becoming the best bank on operational excellence and superior financial performance, Kist Bank was initially incorporated as a 'C' class financial institution in 2003 for undertaking limited banking activities. The Bank started commercial banking activities from May 7, 2009 after complying with all the conditions of Nepal Rastra Bank (Central Bank of Nepal) for becoming a Commercial Bank.

The Bank is a public limited company incorporated under the Bank and Financial Institution Act 2006 and the Companies Act 2006. The Bank is licensed by NRB to undertake commercial banking services and merchant banking activities in the country. The Authorized Capital of the Bank is Rupees 5 Billion and the Issued and Paid-Up Capital is Rupees 2 Billion. 60 Percent of the Paid-Up Capital is held by the promoter and remaining 40% is held by the general public. The shares of the Bank is listed at Nepal Stock Exchange Limited( NEPSE), the only Stock Exchange in the country, as 'A' category share.

The Bank has a seven member Board of Directors (BOD) out of which threerepresents the promoters' group, two represents the general public and one represents the Professional Director. Till the end of fiscal year 2066/67 (2009/10) the bank has 51 branches  across the country.

Kist Bank stands for customers' convenience and support. The Bank is driven by values of efficiency in operations, integrity  and a strong focus on catering the needs of every customer by offering high quality and cost effective products and services. The professional management team along with dedicated employees is always looking forward to serve the customers, understand their needs and design tailored products. The Bank operates in highly automated environment in terms of information technologies and communication systems, thus enabling delivery of prompt and quality services. It has put in substantial efforts and investments in acquiring the best technologies available to build necessary banking infrastructures.

Our vision is to become the best bank based on operational excellence and superior financial performance.

Our mission is to become a leading bank by providing best quality financial products and services to our customers, enhancing shareholders value, contributing to the economic prosperity of the country and creating excellent growth opportunity for our employees.

No comments:

Post a Comment

Enter Here To Comment