Bhutan National Bank
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Bhutan National Bank
Bhutan National Bank is a commercial bank founded in 1997 and located in Thimphu, capital of the Kingdom of Bhutan. History The main events include: *1980 - the ''Unit Trust of Bhutan'' was founded by the House of Wangchuck, Royal Government and the Royal Insurance Corporation of Bhutan (RICB) *1992 - the Trust received the status of independent financial institution *1995 - with the assistance of the Asian Development Bank the Trust was converted to a commercial bank ''Bhutan National Bank'' *1996 - the bank's equity was offered to the public *1997 - the bank was officially opened, 40 percent of its equity was sold to the Asian Development Bank and Citibank *2004 - launched the first Automated teller machine, ATM services in Bhutan *2007 - introduced the debit Point of Sale terminals in Bhutan *2009 - started the SMS banking and Internet banking *2011 - introduced the recurring Deposit (finance), deposit and Rupee Denominated Prepaid card. See also *List of banks in Asia ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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