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Saturday, July 4, 2009

Ace Opens Three New Branches

Ace Development Bank has opened three new branches at Jawalakhel in Lalitpur, Parsa Bazaar in Chitwan and Urlabari in Morang district. The chairman of the bank, Yogendra Shakya, inaugurated the Jawalakhel branch amid a function on Thursday, says a press release.

The operation of the new branches has raised the number of branches of Ace to six. On the occasion, the bank also unveiled a new deposit scheme named Ace Rhino Super, which yields a minimum of 9 percent interest per annum. The offer will be valid for a week, states the release.

Moreover, the bank has announced that its paid-up capital has reached Rs 750.4 million after the successful rights issue that closed last week. This has made the bank the highest capitalized national-level development bank of Nepal.

Source:
myrepublica.com

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