Paschimanchal Bank shares to be listed at Nepse

KATHMANDU, OCt 12:

Paschimanchal Rural Development Bank is listing one million units of its shares worth Rs 100 each issued to the public at Nepal Stock Exchange (Nepse). An agreement to this effect was signed between Nepse General Manager Shankar Man Singh and Dharma Raj Pandey, CEO of the microfinance institution. The Butwal-based institution has been extending its services through 44 branch offices. Its paid-up capital is Rs 100 million. The bank posted an operating profit of Rs 14.6 million in the last fiscal year that ended July 15.

Source: Republica