April 16: NIBL Ace Capital has launched free Demat account to support the ‘One Nepali, One Demat Account’ campaign of the government. According to the company, which is a subsidiary of Nepal Investment Bank Limited, the offer started from the Nepali New Year and will be available for a limited time offer. The free Demat account is offered from NIBL Ace Capital Lazimpat, Kathmandu and its branches as well as from all the branches of NIBL bank.
Apart from facilitation as a depository participant, NIBL Ace Capital serves around 14,00,000 shareholders of 40 registrar companies from various sectors such as commercial banks, development banks, finance companies, life insurance, non-life insurance companies, microfinance, hydropwer, manufacturing and processing industries and others. In addition, NIBL Ace Capital said it also renders services in the field of fund management that includes the NIBL Samriddhi Fund and the NIBL Pragati Fund, portfolio management services, and issue and sales management services.
In addition to this, NIBL Ace Capital claimed to be the first company amongst its peers in the industry to cross the highest number of Demat account with more than 1, 70,000 account holders.