Lucy Marete's Contact Details

Lucy Marete's Company Details

Profile of the Bank With its vision of becoming the best bank on operational excellence and superior financial performance, KIST Bank was initially incorporated as a 'C' class financial institution in 2003 for undertaking limited banking activities. The Bank started commercial banking activities from May 7, 2009 after complying with all the conditions of Nepal Rastra Bank (Central Bank of Nepal) for becoming a Commercial Bank. The Bank is a public limited company incorporated under the Bank and Financial Institution Act 2006 and the Companies Act 2006. The Bank is licensed by NRB to undertake commercial banking services and merchant banking activities in the country. The Authorized Capital of the Bank is Rupees 5 Billion and the Issued and Paid-Up Capital is Rupees 2 Billion. 60 Percent of the Paid-Up Capital is held by the promoter and remaining 40% is held by the general public. The shares of the Bank is listed at Nepal Stock Exchange Limited( NEPSE), the only Stock Exchange in the country, as 'A' category share. The Bank has a six member Board of Directors (BOD) out of which four represents the promoters' group, two represents the general public and One represents the Professional Director. Till the end of fiscal year 2065/66 (2009 - 10) the bank has 51 branches across the country.