Commerz And Trust Bank opens new branch in Pokhara

Wed, Jun 22, 2011 12:00 AM on Others, Others,
POKHARA:
Commerz and Trust Bank Nepal opens its seventh branch in Pokhara from today.

The bank which has its central office at Kamaladi in the Capital, it had already opened its branches in Terhathum, Jhapa, Barhabise and other places.

The bank has Rs.3 billion authorized capital, Rs. 2 billion issued capital and Rs. 1.4 billion paid up capital. It has been able to earn Rs. 20 million benefit within the nine months of its establishment, claimed the Chief Executive Officer Anal Raj Bhattarai.

The bank has started remittance service with Axis Bank of India and Insurance service with Matelife Bank America.

Chairman of Federation of Nepal Chambers of Commerce and Industry Krishna Mohan Shrestha and chairman of the bank\'s executive committee Vishnu Prasad Neupane inaugurated the branch jointly amidst a function in today.

Source: THT