Sahayogi Vikas Bank Limited
Committed to provide quality products and services to its valued customers, Sahayogi Vikas Bank Limited started its operation with the vision of becoming a significant contributor to the economic development of the country by distinguishing themselves as an efficient, competitive and top quality financial institution. The promoters control fifty-one percent shares of the bank while the remaining forty-nine percent lay in the hands of general public.
The major objectives of the bank are to contribute the sustainable development of the country by mobilizing domestic savings and channeling them to productive and social areas-also giving special emphasis to the small scale transaction-holders who have lower access to technical services, input, credit and market, to use the latest banking technology to provide better, reliable and efficient services at a reasonable cost and thus, help to improve the cycle of low productivity, low surplus, low or no savings, to facilitate trade by making financial transactions easier, faster and more reliable through relationship with money transfer agencies and commercial banks, to contribute the overall social development of Nepal by opening branches at the banking service needy areas and to offer good working environment to the employees.
The bank that currently (2076) has seven branches across the region carries the mission of becoming the “Bank of Choice” by dedicating themselves to the progress and growth of their institution for their community, customers, employees and stockholders by promoting economic growth and becoming a caring corporate citizen, providing excellent customers services by offering personalized quality, enhancing shareholder value and providing challenging career and learning opportunities for the employees. The bank is in the process of expanding its branches furthermore in the country.
The bank offers various personalized products and services keeping in mind the different banking requirements of the customers. The deposit schemes of the bank are designed with an array of features and are tailor-made to meet the needs of the customers who range from general public to business houses to NGOs and Institutional depositors. The products offered by the bank enables easy access to modern banking, ensures attractive return to surplus funds making personal banking convenient and efficient to best suit ones investment plan. The deposit services currently on offer by the bank are Saving Deposit (Special Saving, General Saving, Senior Citizen Saving, Housewife Saving and Student Saving), Recurring Deposit, Fixed Deposit Accounts and Double Deposit Scheme. The bank has devised various credit facilities that suit the banking requirements of its credit customers to assist them in their business. Its loan facilities include Business Loans (Term Loan, Consortium Loan, Working Capital Loan, Demand/Short Term Loan, Priority Sector/Deprived Sector Loan and Small and Medium Business Financing), Contract Loan (Loan Against Fixed Deposit and Loan Against Government Bond/1st Class Bank Guarantee) and Consumer Loans (Vehicle Loan, Foreign Employment Loan, Education Loan, Land Development and Housing Loan, Social Loan and Personal Loan). Sahayogi Vikas Bank Limited also provides you the Bank Guarantee such as Bid Bond (Tender Guarantee), Performance Bond, Advance Payment Guarantee and Financial Guarantee. The bank, besides these, also provides the services such as Bills and Clearing, Share Collection Center, Remittance, Foreign Exchange and Any Branch Banking Services (ABBS).
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