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FINANCIAL LITERACY EDUCATION & AWARENESS

FINANCIAL LITERACY EDUCATION & AWARENESS. www.bnb.com.bt. Pema Thinley. 1. 2. 3. 4. 5. OVERVIEW OF THE BANK. SERVICES & PRODUCTS. VALUE ADDED SERVICES. SERVICE CHARGES. INTEREST CALCULATION. Contents. Our Mission. To become the leading “ Relationship Bank ” in the Country”

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FINANCIAL LITERACY EDUCATION & AWARENESS

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  1. FINANCIAL LITERACY EDUCATION & AWARENESS www.bnb.com.bt PemaThinley

  2. 1 2 3 4 5 OVERVIEW OF THE BANK SERVICES & PRODUCTS VALUE ADDED SERVICES SERVICE CHARGES INTEREST CALCULATION Contents

  3. 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

  4. History • 1996: Equity was offered to public • 1997: Officially opened for Business • 2003: Connected to CBS • 2004: First ATM service “Your Relationship Bank” www.bnb.com.bt

  5. Share Holding Pattern “Your Relationship Bank” www.bnb.com.bt

  6. Domestic Network “Your Relationship Bank” www.bnb.com.bt

  7. International Network “Your Relationship Bank” www.bnb.com.bt

  8. Facts about BNBL • Widely public owned Bank • Fully Computerized & Centralized • First to Introduce ATM • First to Introduce SMS Banking • First to Introduce CBS • First to Introduce POS “Your Relationship Bank” www.bnb.com.bt

  9. HOUSING LOAN • Purpose: Construction/Purchase/Renovation • Term:20 Years • Interest: 10% & 13% • Repayment Source: Rental • Repayment mode: Monthly • Security: Land & Building • Quantum: 50% to 60% “Your Relationship Bank” www.bnb.com.bt

  10. Govt. Employee Loan • Purpose: Any • Term:5 Years • Interest:12% • Repayment Source: Salary • Repayment mode: Monthly • Terms & Conditions • -30% of net pay • -Minimum:10000 & Max: 300,000 “Your Relationship Bank” www.bnb.com.bt

  11. PERSONAL LOAN • Purpose: Any • Term:5 Years • Interest: 15% • Repayment Source: Rental/Salary • /Business • Repayment mode: Monthly • Security: Land & Building, Vehicle etc. • Quantum: 50% to 60% “Your Relationship Bank” www.bnb.com.bt

  12. BUSINESS LOAN • Purpose: Establishment/Expansion • Term Loan • Term:5 Years • Interest: 14% • Repayment Source: Business income • Repayment mode: Monthly • Security: Land & Building, Vehicle etc. • Non Term: Overdraft • Quantum: 50% to 60% “Your Relationship Bank” www.bnb.com.bt

  13. TRANSPOST LOAN • Purpose: Purchase of new vehicles • Term:5 Years to 7 Years • Interest: 12%, 13% & 14% • Repayment Source: Salary/Business income/Hiring Charges • Repayment mode: Monthly • Security: Vehicle “Your Relationship Bank” www.bnb.com.bt

  14. SHARE LOAN • Purpose: Purchase of Shares • Term: 10 Years • Interest: 12% • Repayment Source: Salary/Business income/dividend • Repayment mode: Monthly • Security: Shares “Your Relationship Bank” www.bnb.com.bt

  15. INDUSTRIAL LOAN • Purpose: Large Scale Manufacturing • Term:15 Years • Interest: 12% • Repayment Source: Business Income/Project Income • Repayment mode: Monthly/Quarterly • Security: Project Assets • Quantum: 50% to 60% “Your Relationship Bank” www.bnb.com.bt

  16. INDUSTRIAL LOAN • Purpose: Equipments & Machineries • Term: 5 Years • Interest: 12% • Repayment Source: Business Income/Project Income/Hiring Charge • Repayment mode: Monthly • Security: Machinery & Equipment • Quantum:50% to 60% “Your Relationship Bank” www.bnb.com.bt

  17. SERVICE & TOURISM • Purpose: Hotels/Resorts/School • Term:15 Years • Interest: 10% • Repayment Source: Business Income/Project Income • Repayment mode: Monthly • Security: Project assets • Quantum: 50% to 60% “Your Relationship Bank” www.bnb.com.bt

  18. SERVICE & TOURISM • Purpose: Purchase of Bus • Term:5Years to 7 Years • Interest: 10% & 12% • Repayment Source: Business Income/Project Income • Repayment mode: Monthly • Security: Bus • Quantum: 50% to 60% “Your Relationship Bank” www.bnb.com.bt

  19. Working Capital • Purpose: Running of Business • Term:1 Years • Interest: 13% • Repayment Source: Business Income/Project Income • Repayment mode: Monthly • Security: Project assets • Quantum:50% to 60% “Your Relationship Bank” www.bnb.com.bt

  20. EDP LOAN • Purpose: Small Scale Service & Manufacturing units • Term: 5Years • Interest: 12% • Repayment Source: Business Income/Project Income • Repayment mode: Monthly • Security: Project assets/Land & Building • Working Capital:12% • Quantum: 500,000 & 1,000,000 “Your Relationship Bank” www.bnb.com.bt

  21. Bank Guarantees 1.Types of Bank Guarantees • Earnest Money Deposit • Bid Security • Performance Security • Mobilization Advance • Release of Retention Money 2.Commission • Minimum: 1000 • BG:2% • PG:3% “Your Relationship Bank” www.bnb.com.bt

  22. Collateral What type of Collateral? • Land • Building • Vehicles • Equipment & Machineries • Fixed Deposit • Shares • Jewelry “Your Relationship Bank” www.bnb.com.bt

  23. Collateral

  24. Collateral Type of Collateral we accept do not accept • Shogshing • Chusing/wet land • Tshamdok/grassing land • Equipment & Machineries more than 5 years old • Vehicles more than 5 years old “Your Relationship Bank” www.bnb.com.bt

  25. Borrower’s Information Individual 1.Personal Information • Date of Birth • Citizenship ID no • Occupation/Profession • Spouse/Dependent details 2.Mailing/Office Address 3.Permanent Address • House no/Thram no • Village, Gewog, Dzongkhag “Your Relationship Bank” www.bnb.com.bt

  26. Borrower’s Information Business Name of Business Location of Business Registered Address of Business Trade License No BIT/CIT No Name of Partners • Citizenship ID Card No • Thram no/House no • Village, Gewog, Dzongkhag “Your Relationship Bank” www.bnb.com.bt

  27. Documents 1.Personal • Citizenship ID card • Passport Size Photo 2.Collateral • Blue Book • Ownership Certificate(lag thram) • FD Certificates • Insurance policy certificates • Trade Confirmations “Your Relationship Bank” www.bnb.com.bt

  28. Documents Repayment source • Salary Undertaking • Rental Projections • Income Statements • P&L a/c statement • Cash Flow Financial Institution clearance Why? Double mortgage Credit history “Your Relationship Bank” www.bnb.com.bt

  29. Deposit Schemes 1.Savings Account • Why open a savings account? • Who can Open? • What are the features? • Terms & Conditions 2. Current account • who can open? • What are the features • Terms & Conditions “Your Relationship Bank” www.bnb.com.bt

  30. Deposit Schemes • Fixed Deposit Individual Terms and Conditions 1. Pre-mature withdrawal will be 1% less 2. Minimum deposit period shall be 90 days. “Your Relationship Bank” www.bnb.com.bt

  31. Deposit Schemes • Fixed Deposit Corporate 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

  32. Domestic Services • Deposit/withdrawal • Cheque Clearing • Telegraphic Transfer(TT) • Demand Drafts • Safe Deposit(Locker) “Your Relationship Bank” www.bnb.com.bt

  33. International Services • Swift Fund Transfer • Demand Drafts • Cheque Clearing • Letters of Credit • Bank guarantee • Money gram “Your Relationship Bank” www.bnb.com.bt

  34. Foreign Exchange • Purchase & Sale of FCs • US,Canadian, Hongkong,Australian, Singapore Dollar, Pound Sterling, EURO, Yen,Swiss Franc,Danish & Norwegian & Swedish Kroner • Encashment & Issue of TCs • Amex • Visa “Your Relationship Bank” www.bnb.com.bt

  35. Value Added Services Credit Card(SCB VISA) 1.Collateral Based/High Value Credit Cards 2.Salary based/Income based Credit Cards 3.Fees Primary: Nu.3,000 Supplementary: 1,500 Interest rate:1.5% “Your Relationship Bank” www.bnb.com.bt

  36. SMS Banking • Registration free • Balance Inquiry • Cheque Stop • Disable lost ATM cards • Alert for deposit/withdrawal • Reminder • New products & services “Your Relationship Bank” www.bnb.com.bt

  37. Value Added Service • ATM • Free • 13 ATMs • Inter connected • Point of Sale • Cash less Society • 35 Pos Terminal • Swipe & win “Your Relationship Bank” www.bnb.com.bt

  38. Internet Banking • Registration free • View Account Details • Cheque Module • Deposits • Loans • Fund Transfer “Your Relationship Bank” www.bnb.com.bt

  39. Domestic Service Charges 1. ATM Transactions: FREE 2. Internet Transactions: FREE 3. Savings A/c maintenance: 300 4.Current A/c maintenance: FREE 4. TT /Drafts:-Min:35 & Max: 20,000 5. Cheque Collection: Min:30&Max: 15,000 6. Loan processing fee: 100 7.Valuation fee:Min:1000 & Max:10,000 9.Cheque Book:-75, 50, 25 10. Locker rent: Min:1000 & Max:3000 “Your Relationship Bank” www.bnb.com.bt

  40. International Service Charges 1.Fund Transfer via SWIFT 0.25%(Minimum:100) plus Transmission charge: Nu.250(TT) Nu.1000(LC) 2.Demand Draft 0.25% 3.Letters of Credit Bill Charge:0.15% as opening comm. Commitment Charge: 1% Usance Charge:1.2% “Your Relationship Bank” www.bnb.com.bt

  41. Interest Calculation 1.Components of EMI • Principal • No of installment • Rate of interest • Method: Simple Interest • Rule: Reducing Balance • Basis: Actual/Actual • Formula: Principal * no of days * rate / 365 or 366 “Your Relationship Bank” www.bnb.com.bt

  42. Loan Repayment option • Manual • Deposit at bank counter on schedule date • Auto • Automatically pulled from savings a/c • on schedule date “Your Relationship Bank” www.bnb.com.bt

  43. ThankYou ! For More Information Visit www.bnb.com.bt

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

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