Clean Energy Dev Bank in fourth year

Clean Energy Development Bank completed three years of operation on Monday, the bank said in a statement.

"The bank has managed to create a separate identity in a very short time. In line with the bank´s core policy to invest in clean energy generation and hydropower project, we have also been increasing our investment in the sector and have partnerships and agreements with different related organizations, both foreign and domestic," the bank said in the statement.

The bank also said it had opened branches in Birtamod of Jhapa; Durbar Marg of Kathmandu; Gorkha Bazaar of Gorkha, Phidim of Panchthar and Katari of Udayapur.

At the end of 2008/09 fiscal year, the bank had Rs 2.97 billion in deposits and had invested Rs 2.38 billion in loans, it said. The bank also earned a net profit of Rs 22.9 million in the preceding fiscal year.
Source: Republica