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Sunday, June 21, 2009

Capital Merchant opens branch in Palpa

Capital Merchant Banking and Finance Limited has opened its second branch at Palpa Road in Butwal on Friday (19 June, 2009). President of Butwal Chambers of Commerce and Industry Shankar Shrestha inaugurated the branch amid a function earlier in the day, says a press release.

Speaking on the occasion, Chairman and Managing Director of the company Bigyan Prasad Paudel said the company would open yet another branch in Kathmandu within the current fiscal year. The company operates with paid up capital of Rs 373.80 million, and has already mobilized deposits of Rs 1.71 billion and issued loans of Rs 1.97 billion so far, according to the release.
Source: myrepublica.com

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