Druk PNB Bank Ltd.

Druk PNB Bank Ltd.

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Details

Legal residence:Bhutan
Organization type:Consulting organization
Funding agencies:Other
Other
Sectors:Banking, Finance & Accounting
Banking, Finance & Accounting
Sanctions:Check now
Status:
Active

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About

Druk PNB was incorporated under the Companies Act of the Kingdom of Bhutan 2000 in the year 2008, and licensed to operate as commercial bank by the Royal Monetary Authority of Bhutan under the Financial Institutions Act of Bhutan 1992. Druk PNB is listed with the Royal Securities Exchange of Bhutan Limited (RSEBL). Druk PNB has a paid up capital of Nu. 449.712 million as on 31st December 2014 and its shares held by Punjab National Bank, India (51%), Bhutanese promoters (19%) and general public (30%) respectively.

Druk PNB is the first FDI bank in Bhutan.

The bank now provides a wide range of financial products & services. The main products are deposits, credits and trade finance along with clearing facility, remittances and safe deposits lockers. The Bank also offers other services like issuing of debit cards and alternate delivery channels like Internet banking and ATMs.

The Druk PNB Bank is first FDI bank in Bhutan. The total Capital of the bank is Nu.450 million. Out of which 51% share is of Punjab National Bank, 19% Bhutanese promoters and 30% initial share has already been floated to the public of Bhutan. The bank continues to serve the country through its Eight Branches in Thimphu, Phuentsholing, Wangdue, Gelephu, Paro, Trongsa, Samtse and Bumthang. The Banks ATM network now stands at 30.

Vision:

To Position Druk PNB Bank Ltd. as the “Most Preferred Bank” for customers, the “Best Place to Work In” for employees, and a “Benchmark of Excellence” for the Industry.

MISSION:

Providing personalized, efficient, quick and competitively priced financial services and implementing sound policies in order to benefit clients, staff, investors and the community.

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