Century Bank appoints Civil Capital as issue manager for 30% right share issue

Century Commercial Bank Limited has appointed Civil Capital Markets Limited as the issue manager for its upcoming (10:3) 30% right share issue. With the recent notice of Securities Board of Nepal (Sebon) regarding ICRA Rating as non-compulsion option for right share issuance, the commercial bank is in process of registering the prospectus in SEBON. Century Bank will open the right share  for investors by the end of Asadh 2073 if SEBON approves the right share. The bank has collected deposits of Rs. 26.01 arba and disbursed loan and advances of Rs. 22.83 arba in Q3.The bank has operating profit of Rs 34.50 crore and  has earned net profit of Rs 23.24 crore. At present the bank is rendering services through 31 branches, 28 ATM Counter, 8 Branchless Banking and 2 Extension Counters to its customers.