August 7: Machhapuchhre Bank is all set to relocate its head office to Kathmandu. A special general meeting of the bank on August 6 decided to shift its head office from Pokhara Lekhnath-9 to Lazimpat in Kathmandu. Currently, the bank’s head office is in Pokhara and corporate office is based in Kathmandu. The bank has a total paid-up capital of Rs 6.59 billion. As of mid-July 2017, the bank has collected a total deposit of Rs 58 billion and has loaned out Rs 51 billion. The bank has made a net profit of Rs 1.30 billion. The bank is providing services through 62 branches, four extension counters and four branchless banking service.