City Dev Bank now also in Kusmisera Baglung

ShareSansar, May 1:

From the time of the establishment in 2064 BS, City Development has been increasing its network along with advanced and secure banking system and services and now it has opened its 14th branch in Kusmisera in Baglung District. The inauguration of the new branch was done by the Chairman of the bank Mr. Rajendra Kumar Batajoo where he also expressed heartfelt grief for the victim of the massive earthquake and donated Rs 1,50,000 or Rupees One Lakh Fifty Thousands on the behalf of the family of City Development Bank for sufferers which was handed over to Mr. Dol Raj Pandey (Vice President of Nepal Red Cross Society).

Working as both Bank and Micro Finance, the bank has been standing for society and was always there for support of the society in any calamities from the time of its inception and has promised to do the same in future too.

With the head office in Pokhara, Bank has been operating its services from Bagar, Amarsing, Hemja, Bhimad, Bhotewodat, Damauli, Nagdanda, Turture, Manang, Shishuwa, Baglung, NarayanGhad and now its 14th branch in Kusmisera. The upcoming branches of the bank will be in Lamachour, Narayanghat and Bandipur.

With the paid-up capital of Rs 46,81,60,000 the bank had received deposits up to Rs 448 crore and had 377 crore in loans and advances with operating profit of Rs 12.72 crore till Chaitra 2071 BS.