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Sangrila Development Bank initial public offering

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Shangrila Development Bank
is a dream project of few innovative and motivated entrepreneurial minds rather than being just another bank in the crowd of financial institutions.
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News item 09-4-2011

Securities Board of Nepal (Sebon) has given its approval to Sangrila Development Bank to issue initial public offerings (IPO). At present, bank’s paid-up capital is Rs 224 million and it will reach Rs 320 million once the IPO is completed, said bank’s CEO Hari Prasad Gurung.

More information about the Sangrila Development Bank in Nepal

Other banking news and articles:

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Sunrise bank launches saving scheme (1-1-2008)
Banepa, city of banks (16-12-2007)
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Makwanpur Agriculture Development Bank provides new loans for unemployed (29-11-2007)
Garima Development Bank Limited opens in Waling Bazaar (24-11-2007)
Nepal Stock Exchange suspends trading of Nepal Credit and Commerce Bank (30-1-2007)
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recovery plan for bad loans (1-1-07)

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