Commerz And Trust Bank adds ATM units

KATHMANDU, NOV 23: 

Commerz and Trust Bank Nepal (CTBN) has started ATM services at its Kalimati and New Road branches. Similarly, the commercial bank is also preparing to float 600,000 units of shares worth Rs 600 million for the general public. With a paid up capital of Rs 1.40 billion, the bank aims to increase it to Rs two billion after the initial public offering. In the first quarter of the current fiscal year, the commercial bank collected deposits of Rs 7.38 billion and floated loans worth RS 6.99 billion and has already posted an operating profit of Rs 30.19 million.