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