Siddhartha Bank adds four more branches to its widening network

As mandated by Nepal Rastra Bank for commercial banks to open branches in different locations of the country, Siddhartha Bank has established four new branches at  Gauradaha and Pathari of Jhapa, Lamki of Kailali and Chandannath Municipality of Jumla.

These branches, in accordance with the policy of Nepal Government and Nepal Rastra Bank, will manage the accounts and financial transactions of local government. Likewise, the branches shall offer a wide array of banking products and services, which will benefit a large number of customers residing in and near  Gauradaha, Pathari, Lamki and Jumla.

With the opening of these branches, the Bank’s network throughout the country reaches 112 branches (including 3 extension counters), 99 branchless banking locations, 108 ATMs, and 687 POS machines. As per the unaudited financial results as at Baisakh of fiscal year 2074/75, the Bank has recorded Net Profit of 1.36 billion , deposit portfolio of Rs.  90.64  billion and a loan portfolio of Rs. 82.04 billion.