Three development banks started operation as a single entity on Monday following their merger.
Triveni Development Bank Ltd (TBL) of Chitwan, Bright Development Bank Ltd of Kavre and Public development Bank Ltd of Parsa started operation as Triveni Bikas Bank Ltd (TBBL) from TBL's Bharatpur-based central office.
Organizing a press meet in Bharatpur on Monday, board directors of the bank said that the merger will help the bank to consolidate its capital base.Following the merger, TBBL has paid-up capital of Rs 740 million. Likewise, its total deposit and loan mobilizations stand at Rs 6.42 billion and Rs 5.6 billion, respectively.
Lanka Bahadur KC, chairman of TBBL, said the merged entity has 20 branches offices, two extension counters, six limited banking units and 3 ATM outlets. He also said that the bank will soon open its corporate office in Kathmandu and open three more branch offices in the near future.
Similarly, Sagar Ghimire, CEO of TBBL, said the bank has 90,000 clients, 7,000 borrowers and 209 staff members.
source: republica,1 june 2015
LINK
Triveni Development Bank Ltd (TBL) of Chitwan, Bright Development Bank Ltd of Kavre and Public development Bank Ltd of Parsa started operation as Triveni Bikas Bank Ltd (TBBL) from TBL's Bharatpur-based central office.
Organizing a press meet in Bharatpur on Monday, board directors of the bank said that the merger will help the bank to consolidate its capital base.Following the merger, TBBL has paid-up capital of Rs 740 million. Likewise, its total deposit and loan mobilizations stand at Rs 6.42 billion and Rs 5.6 billion, respectively.
Lanka Bahadur KC, chairman of TBBL, said the merged entity has 20 branches offices, two extension counters, six limited banking units and 3 ATM outlets. He also said that the bank will soon open its corporate office in Kathmandu and open three more branch offices in the near future.
Similarly, Sagar Ghimire, CEO of TBBL, said the bank has 90,000 clients, 7,000 borrowers and 209 staff members.
source: republica,1 june 2015
LINK
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