Chitwan, September 2nd: The Rising Development Bank with its corporate office in Narayangadh has acquired a profit of Rs. 75.3 million in the last fiscal year.
The bank has beenÂ given recognitionÂ by NEPAL RASTRA BANK for distribution of dividends and hence it has been successful in distributing 21% dividend to the stakeholders.The bank have a paid up capital of rs. 214.2 millions, investment wroth Rs, 1.30 billion and a liquidity deposits of Rs. 1.5 billion.
RISING DEVELOPMENTAL BANK have successfully signed an agreement of merger with NDEP Development bank, which has a paid up capital and investment worth Rs, 582.5 millions and Rs. 3 billions respectively.
After merger it will be a national level developmental bank. Rising has eight whilst NDEP has 28 branches altogether.