GBL’s new branch

KATHMANDU: Global Bank Ltd on Sunday inaugurated its branch office at Dadheldhura. The bank has branch offices at Kantipath, New Road, Kirtipur, Kuleshwor, Birgunj, Narayangarh, Pokhara, Baglung, Lahan, Lamki, Nepalgunj and Gaighat. It has plans to establish its branch offices at Lagankhel, Dhapasi and Jhapa in future. The bank has 24 ATM counters. — HNS

Dabur Teej fest

KATHMANDU: The eighth edition of ‘Dabur Vatika Teej Festival 2009’ will be held in association with Direction Nepal Pvt Ltd from July 30 to August 2. The festival will feature more than 100 stalls in Kathmandu as well as 50 stalls in Pokhara of Kaski district and will house stalls dispalying various products like handicrafts, saree, kurtha, gift items, jewellery and Teej souvenirs. According to a press statement, the festival will also have 10 food stalls as well. — HNS

NDEP’s third branch

KATHMANDU: Nepal Development and Employment Promotion (NDEP) Bank Ltd on Sunday inaugurated its third branch office in Chitwan district. According to a press statement, during the fiscal year 2008-09 the bank collected a deposit of Rs 1.86 billion, allowed credit and investment of Rs 1.55 billion while the total operating profit of the bank was Rs 48.7 million. — HNS

ICFC’s sixth branch

KATHMANDU: ICFC inaugurated its sixth branch office at Gongbu on Sunday. According to a press release, the company posted an operating profit of Rs 70 million during the fiscal year 2008—09. According to a press statement, in five years of its establishment the company has a deposit collection of Rs 1.53 billion and granted loan of Rs 1.41 billion. — HNS

NEFL expands

KATHMANDU: Nepal Express Finance Ltd established its branch office at Pokhara on Sunday. According to a press statement, compared to the fiscal year 2007-08 the bank got an increment of 140 per cent in its total deposit with a collection of Rs 351.7 billion in the fiscal year 2008-09. Acording to a press statement, the company registered a total operating profit of Rs 11.5 million — an increment of 238 per cent compared to the same period last year. — HNS