The 362nd meeting of the Board of Directors of Civil Bank Limited held on November 17, 2021, has elected Director Pratap Jung Pandey as the Chairman of the Board of Directors.

After being elected as the Chairman of the Bank, Pratap Jung Pandey thanked all the directors for unanimously electing him as the Chairman of the Bank and giving him additional responsibilities.

After that, the directors expressed their congratulations and best wishes to Pratap Jung Pandey on his election as the chairman of the committee.

Chairman Pratap Jung Pandey hoped for the support of all parties to move the bank forward more effectively.

He emphasized the bank's commitment to move forward in line with the sentiments of the stakeholders and provide the latest services and facilities to the customers by working towards making the bank more strong and prosperous by working with the overall staff.

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Civil Bank that operates with the slogan “Civil Bank for Prosperity” celebrated a week-long ‘Global Money Week’ with various financial awareness programs from March 22 to 28.

The bank observed the 7 days of Global Money Week by organizing business-themed awareness events and workshops in 7 regions of Nepal chronologically.

The bank organized financial awareness programs in Orchid College, Biratnagar of region 1,  Janakpur of region 2, Dhulikhel and Banepa of Bagmati region, amongst the boaters of Begnas lake area of Gandaki region, Butwal, Manigram, Tulsipur of Lumbini region, Surkhet, Birendranagar of Karnali and Dhangadi, Janaki, Aadharsh, Bannigadh, Lamkichuha and Bajhnia of Sudurpaschim region.

Similarly to honor the global money week bank initiated QR code payment systems in Tempos of Birtamod and Hetauda of region 1 and Bagmati region respectively and for retailers from Janakpur of region 2.

The bank also demonstrated visual educational materials regarding 7 major electronic payment mediums i. e. mobile apps, QR Code, ATM, Internet Banking, Connect IPS, P.O.S., and digital wallet, through social media.

Civil Bank Limited has introduced two new deposit schemes offering the highest interest rates, Super Premium Savings Account and Khutruke Account (Recurring Deposit).

 As per the press release issued by the bank, with a minimum balance of Rs. 25,000, the super-premium saving account will provide a 6.01% highest offering scheme. It will also provide a free medical insurance facility of up to Rs. 200,000 for critical illness coverage like cancer, migraine stroke, first heart attack, pulmonary hypertension, heart valve surgery, and coronary artery diseases. They have partnered with Metlife Insurance, as an insurance partner.

The bank will also provide free mobile banking, internet banking, ATM card, SMS banking services.

Similarly, customers who want to save in their Khutruke account (recurring deposit), can save a minimum of Rs 500 per month for a period of 2 to 10 years without paying any penalty, customers will also get a principal payment and interest after the stipulated time limit, plus 1% additional interest on the account opening than on a super-premium savings account.

In addition, the bank has been offering the highest interest rate of 8.71 percent on personal term deposits in this existing Coronavirus transition.

Civil Bank Ltd has been offering the highest interest rate of 8.71 percent on personal term deposits.

Customers will benefit from attractive interest rates than offered by other financial institutions on deposits," said Bhola Bista, bank's chief deposit, and transaction banking. By mid-July, Rs. 28.79 crore (47.88%), the bank’s growth rate has managed to increase by 29.76 percent (55.28%), which is the highest as compared to other commercial banks.

Similarly, the bank has managed to limit the non-performing loan ratio to 1.13% this fiscal year. The ratio was 2.38% in mid-July last year.

Civil Bank Limited stated that it will continue to provide more attractive service plans to its customers in the coming days. 

Providing services to 5 lakhs customers from 114 branches, Civil Bank now has a total of 7 extension counters in operation 4 of which are there to collect the Nepal government’s taxes and revenues. Also, 89 ATMs are in operation under the bank. Till now the bank has more than Rs 81 Billion operational deposits and has loaned out more than Rs. 74 Billion.

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