Manakamana Development Bank
opened its first branch at
Abu Khaireni, Nawalparasi
(near famous Manakamana
temple) on
Thursday. The bank recorded
a net profit of Rs. 124
million in the last fiscal
year, up 13.5 percent
compared to the preceding
fiscal. The bank’s loans and
advances stood at Rs. 1,928
million during the same
period, up 279 percent
compared to the year before.
Similarly, deposits
increased by 306 percent to
Rs. 1,768 million in the
same period while its
non-performing loans
decreased to 4.09 percent
from 73.58 percent