International Development Bank turns six; ‘Financial Access Loans’ launched
Thu, Sep 4, 2014 12:00 AM on Others,
ShareSansar, September 4:
International Development Bank Ltd (IDBL) has completed its five years of operation. 
IDBL, a national level development bank, has turned into sixth year from Wednesday.
On the occasion of its anniversary, the bank has launched ‘Financial Access Loans’ to the people who are far from the financial access.
According to the bank, the bank will extend the loan up to Rs 10 lakh without much hassles.The bank has said that it would take a flexible approcah on the land and building collateral for this type of loans.
It also said that it will offer disount up to Rs 10,000 in a year in the interest of the loan to the 'good' borrowers.
The bank has 14 branches and 13 ATM machines across the country to serve 44,000 plus clients.
According to the unaudited financial statement of the bank, it has earned the net profit of Rs 14.12 crore in the last fiscal year 2070/71.
Likewise, the bank has mobilized Rs 3.79 arba in deposit and Rs 3.22 arba in loan in the review period.
