Merged entity Om Dev. Bank starts joint operation from today; Paid up capital reaches Rs 1.5 arba

City Development Bank and Om Finance Limited have started joint operation with the entity ‘Om Development Bank Limited’ from today. As per the press release published today, the program was inaugurated   providing information to earthquake victims about the development bank’s home loan scheme. The development bank has also became banking partner with Pokhara Sub metropolitan City’s ‘Ban Plastic Materials campaign.‘ After the merger, the paid up capital of the bank reaches to Rs 1.5 arba. It has collected deposits of Rs 10.82 arba and extended loan of Rs 9.22 arba . The newly formed development bank has 25 branches with 3 ATM counters, 219 employees, around 1 lakh customers and 16,275 shareholders.’ said Bishwo Mohan Adhikari, CEO of the bank. The head office of Om Development Bank is located at Chipledhunga, Pokhara after the merger. At present, Sushil Kumar Goshali is the Chairman, Bishwo Mohan Adhikari,  Chief Executive Officer (CEO) and  Buddhi Malla, Deputy CEO of the company. .