BNBL makes Nu 768mn net profit in 2021

The bank had a loss of Nu 646.97mn in 2020 The financial statement of Bhutan National Bank Limited (BNBL) revealed a profit of Nu 768mn in 2021 against a loss of Nu 646.97mn in 2020. The growth in net profit is attributed to the reversal of impairment charges of Nu 291.27mn due to improvement in […]

Six-day empowerment ceremony underway at Bartsham Chakdor Lhakhang

The religious ceremony will conclude on July 12 His Eminence Dzongsar Jamyang Khyentse Rinpoche is conferring a six-day empowerment ceremony at the Bartsham Chakdor Lhakhang in Trashigang starting from July 7-12. More than 8,000 devotes including the Dudjom Yangsi, tulkus, khenpos, lamas, monks, and the public are attending the religious event. The conferring of the […]

Boosting trade in the region

Bhutan has been doing quite a lot recently, especially when it comes to boosting trade with other neighboring countries in the region. While a few bilateral trade agreements are being reviewed and formalized, a few new ones are being opened. Bhutan-Bangladesh’s Preferential Trade Agreement (PTA), which will provide duty-free market access to more products between […]

Financial institutions record Nu 1.74bn profit in first quarter

The profit was mainly brought about by the decrease in Non-Performing Loans The country’s five banks and non-banking lenders recorded a net profit (after tax) of Nu 3.37bn at the end of the first quarter of this year, according to the financial sector performance report of the Royal Monetary Authority (RMA). This is an increase […]