Employees’ concern

KATHMANDU: Financial Institution Employees Union of Nepal (FIEUN) has raised concerns over Nepal Rasta Bank’s move to sell its 34.95 per cent share from Eastern Rural Development Bank. Issuing a press release, FIEUN stated that the central bank’s ownership in regional rural development banks should not be transferred to private parties, but rather they should be given to institutions involved in micro-credit operations. It has also stated that NRB’s equity from these banks should be diluted after consultations with concerned stakeholders especially poor borrowers and micro-enterprises. —HNS

Alternative energry

KATHMANDU: Agricultural Development Bank Ltd (ADBL), regional office Dhangadhi has floated loans worth over Rs 93 million for alternative energy programme in nine districts of Seti and Mahakali zones. ADBL disbursed loans for bio-gas plant, domestic solar power set up and rural electrification under the programme. Till mid-January, bank’s loans have helped set up 3,628 bio-gas plants, 622 solar panels and 16 rural electrification projects in five districts of far western development region, states a bank’s release. — HNS