KBB adds branches

KATHMANDU, NOV 05: 

Kailash Bikash Bank (KBB), on Sunday, added three branches at Bishal Bazaar, New Road; Sandhikharka, Arghakhanchi district and Kushma Bazaar of Parbat district. The development bank’s total network of branches has now reached 22. The development bank has been able to increase its paid up capital to Rs 700.76 million and has collected deposits worth Rs 5.37 billion and floated loans worth Rs 4.54 billion as of mid-October. It was able to post 

a net profit of Rs 110.74 million till the end of last fiscal year. KBB, through its AGM on November 11, has also proposed to distribute 12 per cent cash dividend.

Source: THT