Bank of Bhutan (BoB), the country’s oldest and largest commercial bank, has selected MTI Consulting to advise them on their India market entry.
With the Banks vision “To be the nation’s premier financial institution” and having a significant presence in Bhutan, the Bank intends to make its presence in the Indian financial market as well. The main objective of this Project is to prepare a detailed project report for opening a Branch office of BoB.
Bank of Bhutan is 80% owned by Druk Holdings & Investments (DHI), which is Bhutan state investment holding company and India’s SBI (State Bank of India). Bank of Bhutan Limited (BoB) was first incorporated by Royal Charter in May 1968 and acted as the public sector commercial bank and enjoyed complete monopoly till 1997 when the Unit Trust of Bhutan was converted into the country’s second national bank i.e. the Bhutan National Bank (BNB). Today there are five banks in Bhutan.
BoB has a branch network of 54 domestic branches (including 12 extensions and 1 mobile van). The current network was developed in line with the Royal Government plan and priorities covering all Dzongkhag headquarters and most industrial growth/development centers in the kingdom.
In their 22 year journey, MTI has carried out over 700 projects across 45 countries and worked with some of the top global and regional companies.
MTI’s practices include Strategy, Business Operations, Corporate Finance, Talent & Resourcing, Go-to-Market and Tech-Advisory. The MTI team comprises of a multi-national pool of Strategists, Analysts, Researchers, Industry Specialists and Functional Specialists. MTI has also been at the cutting-edge of thought leadership on strategy, having presented at over 150 conferences around the world
Photo: Bank of Bhutan CEO Dorji Kardin and MTI CEO Hilmy Cader at the signing of the agreement in Thimphu, along with MTI & Bank of Bhutan Officials