June 20: NIBL Capital has been appointed as the issue manager of the Mount Makalu Development Bank. NIBL is appointed for the issuance of 2:1 rights share offered by the Mount Makalu Dev. Bank.
Managing Director Kumar Khadka from Mount Makalu Bank and General Manager of NIBL Capital Mekh Bahadur Thapa signed the agreement amid a program on 19th June.
The present paid-up capital of Rs. 69.16 million of the bank will reach to Rs. 103.74 million after the issuance of rights shares. Till the third quarter of the current fiscal year 2016/17, the bank was able to make loan investment of Rs. 155.4 million and earn a profit of Rs. 5 million by collecting a total deposit of Rs. 155.8 million, the bank mentioned in its press release.
