Kasthamandap Development Bank, a leading development bank with it's headquarter in Kathmandu, has opened its tenth branch in Pokhara amid a function on Friday. According to a press statement issued by the bank, the branch office was inaugurated by chairman of the bank Jaganath Gyawali. The statement further said the bank is planning to expand its branch office at Narayanghat of Chitwan district.
The bank has mobilized deposits worth Rs 1.48 billion by the end of the third quarter of the current fiscal year and invested Rs 953.1 million. According to an unaudited account, the bank has managed to generate net profit of Rs 9 million and the bank has set a target of raising the profit volume to Rs 10 million by the end of current fiscal year.
Source: Republica
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Sunday, July 12, 2009
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