Mega Bank turns three

KATHMANDU, July 23:

Mega Bank celebrated its second anniversary on Sunday. In the last two years of its operation, the bank was successful in opening 28 branches throughout the country and expand customer base to 73,000. 

“The bank was able to grow last year despite all external uncertainties,” Professor Dr Madan Kumar Dahal, chairman of the bank, was quoted as saying in a statement issued by the bank on Sunday. In the one year period to July 15, the bank was able to grow its deposit base by around Rs 4 billion to Rs 9.2 billion and loan portfolio by Rs 3.2 billion to Rs 8 billion. 

Anil Keshary Shah, CEO of the bank, said the bank was committed to becoming a banker of every Nepali as per its vision. In this regard, the bank has not only been focusing on large depositors and credit seekers. “This is reflected by the fact that our average deposit account size is Rs 150,000 and average loan size is Rs 1.7 million,” Shah said

Source: Republica