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Friday, July 11, 2008

Butwal Finance Ltd earns profit

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Butwal Finance Co. Ltd has earned Rs. 6 million profit. Within a decade of establishment the paid up capital of the company has reached to Rs. 69.67 million. A press conference organized during its 10th anniversary notified that till the last month Rs. 815 million were collected as deposit and Rs. 641 million were invested. It was unveiled that the merger procedure of five companies had reached to its final stage. Mahalaxmi Finance Ltd, Birjung Finance Ltd., Siddhartha Finance Ltd., Himchuli Bikash Bank and Butwal Finance Ltd. are amalgamating to stand as an "A" grade commercial bank.

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