Century Bank got approval from SEBON for ASBA System

Century Commercial Bank Limited (CCBL) has got approval from Securities Board of Nepal (SEBON) for Application Supported by Blocked Amount (ASBA) system. In a press release it stated that the bank will hold amount of applicants in their respective account while applying for public issues. The system will be in practice from Magh 1, 2073. At present, the bank has deposit base of Rs 31.68 arba and loan of Rs 27.60 arba. It has operating profit of Rs 12.31 crore and has earned net profit of Rs 7.43 crore till Ashoj end of FY 2073/74. The bank is rendering service through 31 branches, 29 ATM counters, 13 Branchless Banking and 3 Extension Counters.