Annual Report 2014/15 (English)
ANNUAL REPORT 2014/15 Machhapuchchhre Bank Ltd., registered in 1998, is a commercial bank with a network of 56 branches, including an extension counter, located at major business centres of Nepal. It has 600 plus staff; it uses Globus banking software developed by Temenos NV, Switzerland. The Bank has been named after the famous peak, Machhapuchchhre (fish-tailed), located in the Himalayan range of western Nepal. The Bank has been promoted by renowned Non-Resident Nepalese, prominent businessmen and industrialists with a clear vision and commitment to provide a full range of financial services in the most efficient and professional manner. CONTENT Board of Directors 10 Products and Services 25 Chairman’s Statement 12 Head of Department 32 CEO’s Message 14 Auditor’s Report 34 Management Team 16 Financial Statement 36 Board of Directors’ Report 19 Branch Managers 87 6 Machhapuchchhre Bank Limited / Annual Report 2014/15 BANK’S OVERVIEW The Bank, which started its operation from 2000, During FY 2014-15, despite cut-throat competition offers complete banking solutions such as varieties of and a 7.8 magnitude earthquake that hit the deposit products, inward and outward remittance and country, the Bank increased its net profits by 35%, trade finance services, retail and consumer loans as loan portfolio by 17%, deposits by 19%, number of well as loans to SME, corporate houses, and varieties customers by 15%, simplified the service delivery of infrastructure and industrial projects. processes, becoming more techno-savvy, and building a stronger balance sheet. At the end of FY 2014-151, the Bank’s total assets stood at NPR 48.75 billion and total liabilities at NPR The bank also launched various loan products specially 44.77 billion; the bank has a customer base of more meant for small scale farmers, youths involved in small than 400,000.
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