Bank of Bhutan

Bank of Bhutan is the oldest and largest commercial bank in Bhutan, offering a comprehensive range of financial products and services. Established in 1968, it has a wide network of 54 branch offices, covering every Dzongkhag and Major Township. The adoption of Core Banking Solution in 2009 allowed for the automation of banking operations, leading to the introduction of ATMs, Internet Banking, POS, and Mobile & Agency Banking Services as alternative channels. BoB has a paid-up capital of Nu. 3,000 million with shares held by Druk Holding & Investments (DHI) and the State Bank of India in an 80:20 ratio. In 2007, DHI took control over the country's public sector companies, including Bank of Bhutan, previously under the Ministry of Finance. As the primary member of VISA and MasterCard, BoB offers Credit and Debit cards, as well as e-payment gateway services, enhancing customer convenience. In addition, BoB launched "Mobile & Agency Banking" services (mBoB) in 2015, allowing customers to access banking services through smartphones and expanding its reach to the under-banked and unbanked population, particularly in rural areas. With its strategic initiatives in technology and service expansion, Bank of Bhutan continues to play a crucial role in driving financial inclusion and economic growth in Bhutan. This reputable institution is positioned for further growth and innovation, catering to the evolving financial needs of the nation. With its strong foothold in the market and progressive approach to technology, Bank of Bhutan presents a promising investment opportunity for venture capitalists seeking exposure to the Bhutanese financial services industry.