Ace, WEAN ink accord

KATHMANDU: Ace Development Bank (Ace) and Women Entrepreneurs’ Association of Nepal (WEAN) signed an MoU to work jointly to empower disadvantaged — especially women — through generation of self-employment opportunities. Ace CEO Siddhant Raj Pandey and WEAN president Rita Bhandary signed the MoU on behalf of their respective organisations. Ace will provide training and access to finance for implementation of plans through WEAN. Ace has also provided Rs 1,00,000 to WEAN Training Fund. — HNS

Sunrise Bank’s new ATM

KATHMANDU: Sunrise Bank Ltd opened its 20th ATM in Nyatapola Bhaktapur on Friday. It was inaugurated by founder chairman of Bhaktapur Chamber of Commerce and Industry (BCCI) Ram Bahadur Tamrakar. “The bank plans to start to operate 26 ATMs —

by adding ATMs in Ilam, Bardibas, Kakarvitta, Birtamode, Rajbiraj and at Lazimpat of

Kathmandu soon, a bank statement read.

Currently, the bank has 23 branches. Sunrise Bank has registered Rs 130 million operating profit in the fiscal year 2008-09. — HNS