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It is also listed on the Royal Securities Exchange of Bhutan. [1] As of December 31, 2014, the bank's paid-up capital amounted to Nu 449.712 million, with ownership distributed among Punjab National Bank (51%), Bhutanese promoters (19%), and the general public (30%). [1]
The following is a list of banks based and operating in Bhutan. Bank of Bhutan [1] Bhutan National Bank; Royal Monetary Authority of Bhutan; Druk PNB Bank; No Full form (T Bank) Bhutan Development Bank; Druk Kidu Digital Bank
Bhutan is a landlocked country and the second largest Himalayan state in Asia. Located in the Eastern Himalayas , it is bordered by China in the north and India in the south. Bhutan is separated from Nepal by the Indian state of Sikkim and from Bangladesh by the Indian states of West Bengal and Assam .
Punjab National Bank (abbreviated as PNB) is an Indian government bank based in New Delhi. [5] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs .
Contact us; Contribute Help; ... Bank of Bhutan; Bhutan National Bank; D. Druk PNB Bank; R. Royal Monetary Authority of Bhutan
Bhutan remained isolated from the world until it had trouble controlling its monetary system, so the Central Bank of Bhutan was established. Bhutan's commercial bank, Bank of Bhutan, was established on 28 May 1968 [4] as a joint venture with the Chartered Bank of India, Australia and China, which owned 25% of the bank.
There are five commercial banks in the country and the two largest banks are the Bank of Bhutan and the Bhutan National Bank which are based in Thimphu. Other commercial banks are Bhutan Development Bank, T-Bank and Druk Punjab National Bank. The country's financial sector is also supported by other non-banking Financial Institutions.
The owners of Bank of Bhutan are Druk Holding & Investments Ltd. , which owns 80% of the authorized capital, and the State Bank of India, which accounts for 20% of the capital. [9] Until 2007, the Bank was operated by the Ministry of Finance of Bhutan. It is managed by Druk Holding & Investments, which also manages other public sector companies.