IDBL branch

KATHMANDU: International Development Bank Ltd (IDBL) has extended its service to Manthali of Ramechhap district. Chief District Officer of Ramechhap Shankar Prasad Aryal inaugurated the seventh branch amid a function on Friday. The branch will provide modern banking facilities like any branch banking and ATM. IDBL has collected deposit worth Rs 1.32 billion and invested Rs 1.60 billion in the first five months of the current fiscal year.

LBFL’s AGM

KATHMANDU: Lord Buddha Finance Ltd held its fourth annual general annual meeting on Friday. The company posted Rs 14.1 million operating profit and has invested Rs 383.8 million. It collected deposit Rs 421.6 million in the last fiscal year. The company will issue 3:1 rights share to increase its paid-up capital to Rs 150 million.

BF expands

KATHMANDU: Butwal Finance inaugurated its fourth branch office in Kapilvastu on Friday. It also collected over Rs 10 million deposit from 200 people on the opening day. Butwal Finance director Rajendra Prasad Dhoju said that finance company will extend its services in the coming days.