June 28: Himalayan Bank Limited has expanded its network to 59 branches with the opening of its latest branch at Sukedhara, Kathmandu. Manoj Bahadur Shrestha, chairman of Himalayan Bank Limited, inaugurated the branch amid a function on June 27.
Addressing the function, Chairman Shrestha underlined that the bank will facilitate the local residents to enlarge their productive sector businesses by meeting their financial needs apart from providing modern banking facilities. He further added that the bank shall be coordinating with various sectors in the path to prosperity of the entire metropolitan city.
Similarly, he emphasized that the progress of the entire metropolitan city relies on the promotion of small and medium-sized business houses and for that Himalayan Bank is committed to invest in potential productive sector. He added that Himalayan Bank is always there to help the entrepreneurs involved in productive sector.
Shrestha also shed light on the recent financial position of the bank. According to him, the bank’s deposit base has reached Rs 112.27 billion and loan portfolio is over Rs 98.53 billion and has been able to generate operating profit of Rs 2.87 billion as of the end of the third quarter of the current fiscal year.