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Sorahkhutte Branch Opening  
Submitted Date: 2010-04-13, 10:30 am Submitted by: PPDD Department

Date: April 7, 2010

Mr. Manoj Bahadur Shrestha, Chairman of Himalayan Bank Limited (HBL) today inaugurated Bank's Sorahkhutte Branch amidst a function. This is the 28th Branch of the Bank.

Mr. Shrestha highlighted the current activities and achievements of the Bank in the first eight months of the current fiscal year. According to him, deposit base of the Bank has reached to the size of Rs. 37.07 Billion and loan portfolio is over Rs. 31.46 Billion.

Sorahkhutte Branch will provide full fledged customized banking products and services to the inhabitants of Sorahkhutte and its surrounding areas. It will offer special deposit products namely Recurring Savings Account with interest rate of 9.5% p.a and Himal Remit Savings Account with Rs. Zero as the minimum balance, besides other types of savings account with attractive features suitable to different sections of the society. It will also offer Small and Medium Enterprises Loan to the enthusiastic entrepreneurs at a reasonable interest rate/charges for boosting the business activities and economic prosperity of the area. Additionally, it will also provide different types of business loans, consumer loan, letter of credit facility and otherservices like issuance of travelers cheque, bank draft, credit card, debit card, ATM and remittance facility.

HBL has planned to extend its Branch network to additional 5 locations and ATM network to 10 more locations within the current fiscal year.

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