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The Bank of Bhutan's principal office is in Phuntsholing. In 1991, there were twenty-six branch offices throughout the country; [5] by 2014, the bank had expanded to 28 branches, 12 extension counters for covering limited banking services, and over 60 ATMs in Bhutan; [2] and as of July 2017, there were 47 branches across the country. [6]
Bank of Bhutan (BoB) is the largest and oldest commercial bank in Bhutan. It was established under the provision of the royal charter of May 1968. [5] It was also the only central bank before the Royal Monetary Authority of Bhutan in 1982. It is registered under the Companies Act of Bhutan, 2000 as a public sector commercial bank. [6]
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 National Bank is a commercial bank founded in 1997 and located in Thimphu, capital of the Kingdom of Bhutan. [ 1 ] Bhutan National Bank Limited started operations as Unit Trust of Bhutan (UTB) on 25 July 1980, with an initial funding of Nu. 2.5 million by Royal Insurance Corporation of Bhutan .
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
In 2022, The High Court of Bhutan upheld the Thimphu Dzongkhag court's verdict, sentencing a senior executive of Druk PNB, to three years in prison for fraudulently remitting Indian currency from Bhutan. In the ruling on December 15 of last year, the officer was found guilty of aiding Indian vendor in remitting Indian rupees from Druk PNB to ...
Jamuna Bank PLC is a commercial bank in Bangladesh registered under the Companies Act 1994. Jamuna Bank had 132 branches as of March 2019 . [ 3 ] Its head office is located at Plot No. 14, Bir Uttam A. K. Khandaker Road, Block #C, Gulshan-1, Dhaka, Bangladesh.
Public finance is backed by the Consolidated Fund, while the monetary system is the purview of the Central Bank. [6] [nb 1] Prior to the establishment of the RMA in 1982, functions relating to central banking were conducted principally by three agencies viz., the Ministry of Finance, State Trading Corporation of Bhutan and Bank of Bhutan.