"The bank has set a target of extending Rs 50.57 billion in loans and collecting Rs 50.12 billion in deposits in the year," reads the statement.[break]
EBL organizes free health camps
KATHMANDU: Everest Bank organized free health checkup camps in Bhadrapur and Birtamode on Thursday and Friday. Around 600 people received free treatment from a team of doctors led by Dr Bharat Rawat, a cardiac specialist, at health camps held in two places, according to a statement issued by the bank. “The programs were held to facilitate early diagnosis of various health problems,” the statement says.
On the sidelines of health camps, interaction programs were also held, where Rawat responded to queries put forth by a large number of people. Meanwhile, Everest Bank on Friday opened a new extension counter and ATM in Damak, Jhapa. With this expansion, the bank now has a network of 48 branch offices, three extension counters, 20 revenue collection counters and 63 ATMs.
UFL´s operating profit up 39%
KATHMANDU: The operating profit of United Finance Ltd (UFL) went up by 39 percent in the first half of the current fiscal year, says a company statement. The finance company, promoted by Chaudhary Group, Morang Auto Works and other reputed business houses, generated an operating profit of Rs 17.5 million and net profit of Rs 11.1 million in the period. The company, with a paid-up capital of Rs 350.8 million, collected deposits of Rs 2.51 billion and extended Rs 2.27 billion in loans till the review period. The company´s non-performing loans stands at 1.41 percent of the credit portfolio.
Related story
ADBL, Easylink sign MoU for remittance business
