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FINANCIAL LITERACY EDUCATION & AWARENESSFINANCIAL LITERACY EDUCATION & AWARENESS

www.bnb.com.bt

Pema Thinley

www.bnb.com.bt

Contents

OVERVIEW OF THE BANK1

SERVICES & PRODUCTS2

VALUE ADDED SERVICES3

SERVICE CHARGES4

INTEREST CALCULATION5

Our Mission

To become the leading “Relationship Bank” in the Country”

Providing array of services & Products

From Customized Loans, investments, Foreign Exchange & Remittance to Advisory Services

“Your Relationship Bank” www.bnb.com.bt

History

1996: Equity was offered to public1997: Officially opened for Business2003: Connected to CBS2004: First ATM service


Share Holding Pattern


Domestic Network


International Network


Facts about BNBL

Widely public owned BankFully Computerized & CentralizedFirst to Introduce ATMFirst to Introduce SMS BankingFirst to Introduce CBSFirst to Introduce POS


HOUSING LOAN

Purpose: Construction/Purchase/Renovation

Term:20 Years Interest: 10% & 13%Repayment Source: RentalRepayment mode: MonthlySecurity: Land & BuildingQuantum: 50% to 60%


Govt. Employee Loan

Purpose: AnyTerm:5 YearsInterest:12%Repayment Source: SalaryRepayment mode: MonthlyTerms & Conditions-30% of net pay-Minimum:10000 & Max: 300,000


PERSONAL LOAN

Purpose: AnyTerm:5 Years Interest: 15%Repayment Source: Rental/Salary /BusinessRepayment mode: MonthlySecurity: Land & Building, Vehicle etc.Quantum: 50% to 60%


BUSINESS LOAN

Purpose: Establishment/ExpansionTerm LoanTerm:5 Years Interest: 14%Repayment Source: Business incomeRepayment mode: MonthlySecurity: Land & Building, Vehicle etc.Non Term: OverdraftQuantum: 50% to 60%


TRANSPOST LOAN

Purpose: Purchase of new vehiclesTerm:5 Years to 7 Years Interest: 12%, 13% & 14%Repayment Source: Salary/Business

income/Hiring ChargesRepayment mode: MonthlySecurity: Vehicle


SHARE LOAN

Purpose: Purchase of SharesTerm: 10 Years Interest: 12%Repayment Source: Salary/Business

income/dividendRepayment mode: MonthlySecurity: Shares


INDUSTRIAL LOAN

Purpose: Large Scale ManufacturingTerm:15 Years Interest: 12%Repayment Source: Business

Income/Project IncomeRepayment mode: Monthly/QuarterlySecurity: Project AssetsQuantum: 50% to 60%


INDUSTRIAL LOAN

Purpose: Equipments & MachineriesTerm: 5 Years Interest: 12%Repayment Source: Business

Income/Project Income/Hiring ChargeRepayment mode: MonthlySecurity: Machinery & EquipmentQuantum:50% to 60%


SERVICE & TOURISM

Purpose: Hotels/Resorts/SchoolTerm:15 Years Interest: 10%Repayment Source: Business

Income/Project IncomeRepayment mode: MonthlySecurity: Project assetsQuantum: 50% to 60%


SERVICE & TOURISM

Purpose: Purchase of BusTerm:5Years to 7 Years Interest: 10% & 12%Repayment Source: Business

Income/Project IncomeRepayment mode: MonthlySecurity: BusQuantum: 50% to 60%


Working Capital

Purpose: Running of BusinessTerm:1 Years Interest: 13%Repayment Source: Business

Income/Project IncomeRepayment mode: MonthlySecurity: Project assetsQuantum:50% to 60%


EDP LOAN

Purpose: Small Scale Service & Manufacturing units

Term: 5Years Interest: 12%Repayment Source: Business

Income/Project IncomeRepayment mode: MonthlySecurity: Project assets/Land & BuildingWorking Capital:12%Quantum: 500,000 & 1,000,000


Bank Guarantees

1.Types of Bank GuaranteesEarnest Money DepositBid SecurityPerformance SecurityMobilization AdvanceRelease of Retention Money2.CommissionMinimum: 1000BG:2%PG:3%


Collateral

What type of Collateral?LandBuildingVehiclesEquipment & MachineriesFixed DepositShares Jewelry


Collateral

Collateral

Type of Collateral we accept do not accept

ShogshingChusing/wet landTshamdok/grassing landEquipment & Machineries more than

5 years oldVehicles more than 5 years old


Borrower’s Information

Individual1.Personal InformationDate of BirthCitizenship ID noOccupation/ProfessionSpouse/Dependent details2.Mailing/Office Address3.Permanent AddressHouse no/Thram noVillage, Gewog, Dzongkhag


Borrower’s Information

BusinessName of BusinessLocation of BusinessRegistered Address of BusinessTrade License NoBIT/CIT NoName of Partners Citizenship ID Card NoThram no/House noVillage, Gewog, Dzongkhag


Documents

1.Personal Citizenship ID cardPassport Size Photo2.CollateralBlue BookOwnership Certificate(lag thram)FD Certificates Insurance policy certificatesTrade Confirmations


Documents

Repayment sourceSalary UndertakingRental ProjectionsIncome Statements P&L a/c statement Cash FlowFinancial Institution clearanceWhy?Double mortgageCredit history


Deposit Schemes

1.Savings AccountWhy open a savings account?Who can Open?What are the features?Terms & Conditions 2. Current account who can open? What are the featuresTerms & Conditions


Deposit Schemes

1. Fixed DepositIndividual

Terms and Conditions 1. Pre-mature withdrawal will be 1% less 2. Minimum deposit period shall be 90 days.


Deposit Period Rates

3 months to 1 year 5%

1 year to 2 years 6.5%

3 years to 5 years 7%

5 years and above 8%

Deposit Schemes

1. Fixed DepositCorporate Bodies/Firms

Terms and Conditions1. Pre-mature withdrawal will be 1% less 2. Minimum deposit period shall be 46 days. “Your Relationship Bank” www.bnb.com.bt

Deposit Period Rates

46 Days to 1 year 1.5%

1 year to 3 years 2.5%

3 years to 5 years 3.5%



10 years & above 8%

Domestic Services

Deposit/withdrawalCheque ClearingTelegraphic Transfer(TT)Demand DraftsSafe Deposit(Locker)


International Services

Swift Fund TransferDemand DraftsCheque ClearingLetters of CreditBank guaranteeMoney gram


Foreign Exchange

Purchase & Sale of FCsUS,Canadian, Hongkong,Australian,

Singapore Dollar, Pound Sterling, EURO, Yen,Swiss Franc,Danish & Norwegian & Swedish Kroner

Encashment & Issue of TCsAmexVisa


Value Added Services

Credit Card(SCB VISA)1.Collateral Based/High Value Credit

Cards2.Salary based/Income based Credit

Cards3.FeesPrimary: Nu.3,000Supplementary: 1,500Interest rate:1.5%


SMS Banking

Registration freeBalance InquiryCheque StopDisable lost ATM cardsAlert for deposit/withdrawalReminderNew products & services


Value Added Service

ATMFree13 ATMs Inter connected

Point of SaleCash less Society35 Pos TerminalSwipe & win


Internet Banking

Registration freeView Account DetailsCheque ModuleDepositsLoansFund Transfer


Domestic Service Charges

1. ATM Transactions: FREE2. Internet Transactions: FREE3. Savings A/c maintenance: 3004.Current A/c maintenance: FREE4. TT /Drafts:-Min:35 & Max: 20,0005. Cheque Collection: Min:30&Max: 15,0006. Loan processing fee: 1007.Valuation fee:Min:1000 & Max:10,0009.Cheque Book:-75, 50, 2510. Locker rent: Min:1000 & Max:3000


International Service Charges

1.Fund Transfer via SWIFT0.25%(Minimum:100) plus Transmission charge: Nu.250(TT) Nu.1000(LC)2.Demand Draft0.25%3.Letters of CreditBill Charge:0.15% as opening comm.Commitment Charge: 1%Usance Charge:1.2%


Interest Calculation

1.Components of EMIPrincipal No of installmentRate of interestMethod: Simple InterestRule: Reducing BalanceBasis: Actual/ActualFormula: Principal * no of days * rate

/ 365 or 366


Loan Repayment option

ManualDeposit at bank counter on schedule

dateAutoAutomatically pulled from savings

a/c on schedule date


LOGOFor More Information Visit

www.bnb.com.bt

CUSTOMER

“ Customer is the most important visitor in out premises, he is not dependent on us, we are dependent on him, he is not interruption to our work, he is the purpose of it, we are not doing any favor to customer by giving him an opportunity, he is giving us an opportunity to serve him”

-Mahatma Gandhi
