Om Development Bank opens new branch in Pokhara Lakeside

Sun, Feb 19, 2017 4:05 PM on Latest, Featured,
Pokhara-based Om Development Bank Limited has opened a new branch in Lakeside, Pokhara. Mr. Narayan Prasad Paudel, director at BFI Supervision Department, Nepal Rastra Bank inaugurated the new branch on Falgun 6. With this, the number of branches of the development bank has reached 31. Lakeside Opening Issuing a press statement, Om Development Bank said that is in the process of merger process with Manaslu Bikas Bank. After the merger, the number of branches of the merged entity will reach 42. Om Development Bank has been able to earn Rs 29.89 crore in operating profit in the fiscal year 2073/74. It has collected deposits worth Rs 12.99 arba and has disbursed loans of over Rs 11.34 arba, added the statement.