Siddhartha Remit Bank
Established in 2002, Siddhartha Remit Bank stands as one of the fast growing ‘A’ class banks in Nepal. Boasting an inherent strength of its highly skilled human resources whose experience and expertise are used to meet its customers’ customized banking requirements, the bank believes in customer’s delight going beyond customers’ satisfaction.
The bank has variety of products and services to cater to a wide range of its clients. Its forty one branches spread across the nation cater to the need and requirement of its customers. Keeping in mind the importance of time and the hassle of waiting on line at banks for money withdrawal, it has installed forty five ATMs at various locations across the country and plans to further widen this network. The bank has also installed a world class high end banking software – FLEXCUBE Universal Banking Software of Oracle to enhance its service quality.
It provides the various modern banking services like Internet Banking, VISA Debit Card, VISA Credit Card, ATM cards, Mobile Banking, SMS Alert Service, Utility Bill Payment, International Travel Card, Safe Deposit Locker, etc. along with the services like deposit accounts, credit facilities, etc. It also offers branchless banking services targeting the rural people of the county who are deprived of banking services.
This fast growing bank also has consistently growing portfolio.
The deposit portfolio stands at Rs 25.95 billion while the loan portfolio stands at Rs 20.61 billion (as of the end of fiscal year 2068 BS). Also, one of the important indicators of Bank’s financial health (non-performing asset) stands at 1.52 percent of the total loan portfolio reflecting the good quality of its assets. Moreover, the Bank’s liquidity, capital adequacy and credit/debit ratios are within the regulatory requirements.
Thus, with its forty one (and might be increasing) branches around the country, Siddhartha Remit Bank has been able to provide banking services to its customers through direct banking, any branch banking, branchless banking, internet banking and many other such facilities.