PRESS RELEASE

FOR IMMEDIATE RELEASE:

CONTACT:
Name: Mr. Passang Norbu
Organization: Bank of Bhutan Ltd.
Telephone No.: +975-2- 334333/ 17603469
Facsimile No.: +975-2-335784
E-mail Address: passang.norbu@bob.bt
Web Address: www.bob.bt

BoBL LAUNCH FIRST INR PREPAID CARD

Whether business, education or pilgrimage, traveling to India just got easier. With the launch of the
MasterCard branded INR prepaid card by Bank of Bhutan Limited (BoBL), travelling to India will be more
convenient and secure without having to worry about carrying cash.

The INR prepaid card that can be availed by both BoB account holders and those without BoB accounts,
allows travellers to withdraw cash or make purchases through POS terminals with ease in India. An INR
prepaid cardholder can withdrawal INR 50,000 per month from any MasterCard enabled ATM in India
and also use for shopping through POS machines. To avail the prepaid card that is secured by Chip and
PIN, a one-time issuance fee of only Nu.220 per card is charged. The card is valid for 3 years. For
replacement or renewal, Nu 150 will be charged per card.

Bank officials say that apart from business and pilgrimage trips, the prepaid card will be useful for
students studying in India for their daily living expenses. For parents it not only makes transfer of funds
convenient but also helps to regulate and monitor their children’s expenses. Unlike the debit cards,
the prepaid cards are stored value cards and are not linked to a customer bank account. This means
that a cardholder can use the card only to the extent of the value loaded on the card.
According to BoBL CEO, Pema N. Nadik, “This card not only demonstrates our commitment toward
providing options to our customers but also stands testimony of our aim to offer our customers a
choice of solutions to meet their needs.”

The MasterCard INR prepaid card is the first such card product to be launched in the nation and is yet
another step by BoBL towards achieving the goal of promoting cashless transactions thus reducing the
cost of handling cash on the economy.

Established in 1968 through a Royal Charter the Bank of Bhutan is the oldest and largest bank in the
Kingdom with a presence in all Dzongkhags through a network of 29 branches and 18 extension
counters. The Bank has the largest network of 82 ATMs spread throughout the country. BoB is the only
bank in the Kingdom with primary membership of Visa and MasterCard and is the only bank-issuing Visa
branded Credit Cards for corporates and individuals.

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For more information, please contact our PR & Media focal person at passang.norbu@bob.bt

Bhutan festival dates for the year 2017. Use this calendar to plan your upcoming trip and witness a festival when you are in Bhutan.

Tentative Bhutan Festival Dates for 2018

Acceptance of JCB Debit and Credit cards

On 26th September 2016, Bank of Bhutan (BoB) has launched Japan Credit Bureau (JCB) cards making it the first bank in the country to accept cards (Debit and Credit) issued by Japan Credit Bureau International Company.

With this launch, any BoB’s Point of Sale (PoS) terminals and ATMS across Bhutan will be able to accept any JCBV Debit and Credit Cards. BoB currently has more than 480 PoS terminals and 82 ATM’s across Bhutan.

This would be especially beneficially to the Japanese tourists for transaction while in Bhutan.

Please find here the press release of BoB on acceptance off JCB cards.

CONTACT: Name: Mr. Passang Norbu

Organization: Bank of Bhutan Ltd.

Telephone No.: +975-2- 334333/ 17603469

Facsimile No.: +975-2-335784

E-mail Address: passang.norbu@bob.bt

Web Address: www.bob.bt

BoBL TO ACCEPT JCB DEBIT AND CREDIT CARDS

Thimphu, Bhutan, September 26, 2016 – With the launch of Japan Credit Bureau (JCB) cards, the Bank of Bhutan (BoB) will become the first bank in the country to accept cards issued by Japan Credit Bureau International Company. This partnership coincides with the 30th Anniversary of the establishment of diplomatic relations between Bhutan and Japan. JCB is a major global payments brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 31 million merchants and over a million cash advance locations in 190 countries and territories. JCB cards are now issued in 21 countries and territories, with more than 95 million card members. This banking partnership makes possible the acceptance of any JCB Branded Debit and Credit Cards at any of BoB’s Point of Sale (PoS) terminals and ATMs across Bhutan. BoB at present has more than 480 PoS terminals in various merchant locations and 82 ATM’s set up across the nation. With JCB acceptance introduced in addition to existing Visa and MasterCard, the Bank of Bhutan now accepts three major International card brands covering most of the major cards issued worldwide. Quote by CEO, Mr. Pema N. Nadik – “The introduction of JCB card acquiring has been long awaited given the popularity of Bhutan as a destination for Japanese travelers. With JCB cards now being accepted in Bhutan through the network of Bank of Bhutan’s ATM and POS terminals, visitors holding JCB cards have the option of making payments securely through this payment channel.”

Established in 1968 through a Royal Charter the Bank of Bhutan is the oldest and largest bank in the Bank of Bhutan Limited Post Box No. 102, Babesa, Thimphu, Bhutan PABX: +975 2 334333; Fax: +975 2 335784 www.bob.bt, Toll free contact center at 1095 Kingdom with a presence in all Dzongkhags through a network of 29 branches and 18 extension counters. The Bank has the largest network of 82 ATMs spread throughout the country. BoB is the only bank in the Kingdom with primary membership of Visa and MasterCard and is the only bank-issuing Visa branded Credit Cards for corporate and individuals.

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For more information, please contact our PR & Media focal person at passang.norbu@bob.bt

Rhododendron Festival this year will be held from 14th to 16th April 2017 as announced earlier. It is held at Lamperi Botanical Garden, Dochula, Thimphu.

Start Date: 14-04-2017, End Date: 16-04-2017

Location: Lamperi Botanical Garden, Dochula, Thimphu, District: Thimphu

Rhododendron Festival

The festival celebrates the rhododendron flower. The festival features the rhododendron garden walk and exhibition, local culture and cuisines, arts and crafts, traditional games, cultural program, guided walks and activities. The festival displays different species that are in full bloom in their natural habitat. Of the 46 rhododendron species recorded in the country, 29 are found in Lamperi Botanical Park, 35km from Thimphu.

Travelife director Mr.Soren Stober conferred Travellife award to four companies viz. Windhorse Tours,  Bhutan Bhutan Travel, TLF Holidays and Swallow Tail from Bhutan. The award was handed over to representatives of these companies on 8th March, 2017 in a function organized at ITB, 2017 travel fair in Berlin, Germany and is a recognition for the long-term efforts and front runner position of these companies in sustainability and Corporate Social Responsibility.

The awarded companies comply with more than 100 criteria, related to operators’ office management, product range, international business partners and customer information. The Travellife standard is covering the ISO 26000 Corporate Social Responsibility themes, including environment, biodiversity, human rights and labour relations; and is formally recognized as being in full compliance with the UN supported Global Sustainable Tourism Criteria.

It is overwhelming to see that sustainability in tourism sector is gaining momentum; this   award will inspire other companies to follow the trail. Travellife, which has been established with the support of international travel associations, is a leading international sustainability certification in the travel and tourism sector. More than 35 national travel associations are promoting the scheme to their members including ABTO (Association of Bhutanese Tour operators), ABTA (the leading UK travel association) and PATA, the Asian Pacific Travel Association. Since 2012, more than 600 companies, including 30 from Bhutan, have been trained in CSR with the support of CBI program of the Ministry of Foreign Affairs, The Netherlands. They are now working step-by-step towards more sustainable operations.

Travellife is a certification system, dedicated to achieving sustainable practices within the tourism industry. It provides companies with realistic sustainability goals, tools and solutions to implement positive change within their businesses and supply chains. Travellife is managed by ABTA – The Travel Association in the UK – and by ECEAT Projects – a not-for-profit organization based in The Netherlands.