Bank of Bhutan Limited
Bank of Bhutan Limited, the oldest bank of the country, was established by Royal Charter in May 1968. It also acted as the Central Bank of Bhutan till the establishment of the Royal Monetary Authority of Bhutan in 1982. It was registered under the Companies Act of the Kingdom of Bhutan, 2000. It was established as a public sector commercial bank and continued to perform as the country’s only banking institution until 1997.
Today, BoB stands as the largest commercial bank with a total branch network of 45 offices spread across the country, with its presence in every Dzongkhag, Dungkhag, and major townships. Banking operations were automated through adoption of core banking solution in 2009. In addition, 62 ATMs, Internet Banking, SMS Banking, POS, and Mobile & Agency Banking Services were added as alternate delivery channels of banking services. BoBL has a paid up capital of Nu. 1,500 million as on 31st December 2014 and its shares held by Druk Holding & Investments and the State Bank of India in the ratio of 80:20 respectively.
With the establishment of the Druk Holding Investments Limited (DHI) in 2007, the control over the public sectors company including Bank of Bhutan was taken over by DHI, which until then, was held by the Ministry of Finance.
BoB now provides a wide range of financial products & services. The main products are deposits, loans, trade finance and money market. Pegged to these main products, BoB provides many other products & services to facilitate financial transaction to our customers. The Bank also offers a wide range of banking services including acquiring and issuing of credit and debit cards. BoB is a principal member of VISA and MasterCard and also offers e-payment gateway services. To enhance customer convenience and take banking to the under-banked and unbanked population, BoB launched “Mobile & Agency Banking” services (M-BoB) on May 15, 2015. With this service in place, our customers can now bank using his/her mobile phone from any place and any convenient time. The Bank of Bhutan is also embarking on Agency Banking through the Mobile Banking platform to take its services to the rural unbanked population.
To know more about BoB and its range of services, please visit our web site: http://www.bob.bt OR contact us through our contact center number 1095. For Mobile & Agency Banking services, please write to [email protected]
Bank of Bhutan Limited holds 13.85% equity share in FITI.