Century Commercial Bank Limited Wins Prestigious ICFC Awards

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Man Holding His Award in Music
Credit: pexels.com, Man Holding His Award in Music

Century Commercial Bank Limited has made a name for itself in the industry, and one of the most notable achievements is winning the prestigious ICFC Awards.

The bank's commitment to excellence has been recognized by the International Credit Finance Corporation, a renowned organization that acknowledges outstanding performance in the financial sector.

This award is a testament to the bank's dedication to providing top-notch services and products to its customers, and it's no surprise that it has gained a loyal customer base over the years.

Century Commercial Bank Limited continues to strive for excellence, and this award is a shining example of its success.

About Century Commercial Bank

Century Commercial Bank is a National Level Commercial Bank established on January 23, 2011. It has a network of 113 branches across the country.

The bank's team comprises of more than 950 staffs and caters to more than 500,000 customers. It's impressive to see such a large team working together to serve so many customers.

Credit: youtube.com, Century Commercial Bank Sahaj Khata

Century Commercial Bank is focused on implementing sustainable business practices and deliver consistent growth that is sustainable and profitable to all its stakeholders. This shows their commitment to being a responsible and successful bank.

The bank's mission is "saral banking sabaiko lagi" which translates to "simplified banking for all". This mission is reflected in their aim to extend the bank's reach to the unbanked population of the country.

Here are some key types of institutions that Century Commercial Bank is categorized under:

  • Central Bank
  • Banking Institution
  • Commercial Bank
  • Development Bank
  • Finance Companies
  • Micro Credit Development Banks
  • Cooperatives

Wins for ICFC

Wins for ICFC was a notable outcome in the case of Century Commercial Bank Limited. ICFC, or ICFC for short, benefited from the actions taken against the bank's employees.

Five incumbent employees of Century Commercial Bank were arrested, including Dilip Baral, Dipesh Pradhan, Raman Shrestha, and Rajesh Bhandari. They worked in various capacities at the bank.

The arrest of these employees was part of a larger investigation into alleged misappropriation of loans. The Central Bureau of Investigation (CIB) of Nepal Police led the investigation.

The CIB arrested 11 people in total, including the bank's CEO, Gautam Neupane. Neupane's appointment as CEO was relatively recent, occurring in June 2078.

Frequently Asked Questions

Which bank merged with Century Commercial Bank?

Prabhu Bank merged with Century Commercial Bank through a 1:1 share swap ratio. This merger combined the two banks under a single entity, Prabhu Bank.

Does Century Bank still exist?

Century Bank is no longer an independent entity, having merged with Eastern Bank. You can find the latest information and updates on the Eastern Bank social media channels.

Who bought out Century Bank?

Eastern Bankshares, Inc. acquired Century Bancorp, Inc. through a completed merger.

Bertha Hoeger

Junior Writer

Bertha Hoeger is a versatile writer with a keen interest in financial institutions and community development. Her work primarily focuses on banking and microfinance sectors, providing insightful analyses of various Indian financial entities and organizations. She has covered a range of topics, from banks based in Maharashtra and those established in 2019 to private sector banks and microfinance companies.

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