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Saturday, August 16, 2008

Ace Development Bank posts ‘huge’ profit

ACE Development Bank has increased its net profit by 151 per cent, earning per share (EPS) by 93 per cent and net worth by 42 per cent, states a press release. In its completion of 13 years of operations, ACE claims that it has introduced new products like recently it brought exchange-traded fund (ETF) and ACE Gold ETF in the domestic market.

The bank has also collaborated with Butwal Power Company to develop the Marsyangdi III project.
Source: THT

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