BOBL - DHI

Bank of Bhutan Limited

Established by a Royal Charter in May 1968, Bank of Bhutan Limited (BOBL) is the oldest bank in the country. It also acted as the Central Bank of Bhutan till the Royal Monetary Authority of Bhutan was set up in 1982.

Achievements

  • Achieved significant increase in mBoB users from 72,371 in 2019 to 210,534 in 2020 with a corresponding increase in transaction value of Nu. 122 billion from Nu. 67 billion in 2019;
  • Recorded significant increase in merchants using the National Quick Response (NQR) from 2,907 in 2019 to 10,300 in 2020, facilitating payment of Nu. 4.48 billion;
  • Automated opening of Fixed and Recurring Deposit accounts through mBoB;
  • Launched the “National Credit Guarantee Scheme (NCGS)” in collaboration with MoF and the RMA;
  • Increased loan portfolio by 10% from Nu 44.70 billion in 2019 to Nu 49.15 billion in 2020;
  • Customer deposits increased by 30% from Nu. 59.24 billion in 2019 to Nu 77.59 billion in 2020;
  • Waived off an interest income of Nu. 496. 97 million and an interest rebate of Nu. 7.58 million as part of the Monetary Relief Measures initiated by His Majesty the Druk Gyalpo.


Company

Particulars

2020

2019

BOBL

Total Assets

87,186.35 M

69,548.96 M


Net Worth

7,158.43 M

7,910.39 M


Income

1,711.07 M

4,015.56 M


Expenditure

1,586.92 M

2,604.93 M


PBT

124.15 M

1,795.11 M


Tax

36.63 M

538.02 M


PAT

87.52 M

1,257.08 M

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