CG FINCO Joins Hand With Nepal SBI Bank

CG FINCO joins hand with Nepal SBI Bank Ltd for providing Western Union Services

March 3, 2017, 5:45 p.m. Published in Magazine Issue: Vol.10, No 13, February 24, 2017 (Falgun 11, 2073)

 Nepal SBI Bank Limited has joined hands with CG Finco, one of the trusted principal agents of Western Union in Nepal, to provide Western Union Money Transfer (WUMT) Services from its 62 branch locations. 

CG Finco has the largest financial distribution network with over 1700 agent partner locations to provide the services of Western Union across Nepal. The agreement was signed by Nirvana Chaudhary, Chairman of CG Finco and Mr. Anukool Bhatnagar, Managing Director & Chief Executive Officer of Nepal SBI Bank on March 1, 2017.

 SBI Bank’s mission is to provide one stop solution to all the banking needs for the customer through a highly motivated professional and efficient human resource pool.

Promoting sustainable business growth by providing High quality customer service, customer care and ensuring efficient use of Information Technology in a cost efficient manner and meeting the expectations of all stakeholders through transparent, true and fair disclosures and responsive management, practices are another goal of the company.

Nepal SBI Bank has emerged as one of the leading banks of Nepal, with 679 skilled and dedicated Nepalese employees working in 62 branches, 7 extension counters, 3 Regional Offices and Corporate Office. With presence in 32 districts in Nepal, the Bank is providing value added services to its customers through its wide network of 85 ATMs, internet banking, mobile wallet, SMS banking, IRCTC Ticket Online Booking facility, etc. NSBL is one of the fastest growing Commercial Banks of Nepal with more than 6.22 lakhs satisfied deposit customers and over 4.80 lakhs ATM/Debit cardholders. The Bank enjoys leading position in the country in terms of penetration of technology products, viz. Mobile Banking, Internet Banking and Card Services.

The Bank is moving ahead in the Nepalese Banking Industry with significant growth in Net Profit with very nominal NPA. As of 31st Ashad, 2073, the Bank has deposits of Rs. 65.21 billion and advances (net) of Rs. 47.54 billion, besides investment portfolio of Rs.19.29billion.

 Managing Director of Chaudhary Group, Nirvana Chaudhary spoke on behalf of CG Finco –“This association will be a value addition for CG Finco to continue offering fast, reliable and secured money transfer services in Nepal through 62 branches of Nepal SBI Bank Ltd. Moreover, Nepal SBI Bank has really increased the profile of CG Finco with this new business partnership.”

 Also, the CEO of Nepal SBI Bank, Anukool Bhatnagar expressed his views regarding his bank services and WUMT services that would add up extra mileage to his esteemed bank, benefiting most of the people of those particular places.

“Western Union Financial Services, Inc., a subsidiary of First data Corp. (NYSE: FCD), is an international leader in consumer money transfer services. Consumers can quickly and reliably pay bills and transfer money around the globe using the company's proprietary money transfer network. CG Finco, associated to Western Union, also provides all the services that are given by Western Union,” said a press release issued by Chuadhary Group.



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