Bhutan National Bank

History

• 1980 - the Unit Trust of Bhutan was founded by the Royal Government and the Royal Insurance Corporation of Bhutan
• 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 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 and Rupee Denominated Prepaid card.