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Monday, August 11, 2008

Clean Energy opens branch in Birtamod

In its first attempt to expand, Clean Energy Development Bank has opened its first branch in Birtamod, Jhapa. According to a press release, Dhananjaya Prasad Acharya, chairman of the bank, opened the branch. The bank that began operation in September 2006 had mobilized deposits of Rs 1.83 billion and disbursed loans of Rs 1.50 billion by the end of the last fiscal year. The bank, meanwhile, is in the process of allocating 960,000 units of shares that it floated in a recent initial public offering. (PR)

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