NCC unveils new branch

Himalayan News Service

Kathmandu, April 21:

Nepal Credit and Commercial (NCC) Bank’s 17th branch office started its operation from today. Finance minister Madhukar SJB Rana, inaugurated the new branch office, at Lagankhel on Thursday. Speaking at the inaugural programme, minister Rana said that commercial banks should evaluate the risk of their investment seriously so as to minimise their non-performing assets. Financial indicators reveal that private commercial banks should stress on institutional reinforcement for better output, he added. Bijay Nath Bhattarai, governor at Nepal Rastra Bank (NRB) said that private commercial banks should focus on their strategic institutional planning to play a significant role to contribute to the national economy. Laxmi Bahadur Shrestha, president of executive committee of NCC highlighted the services being offered by the bank and its future programmes, at the programme. NCC Bank started its operations from September 2002 and has been providing modern banking services since then. At present , NCC has five branch offices in Kathmandu and one each at Barahabise, Banepa, Narayanghat, Biratnagar, Mahendranagar, Birgunj, Kalaiya, Pokhara, Birtamod and Butwal. The head office of NCC is at Siddharthanagar in Lumbini.