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ECONOMY

Century acquires Alpine, Seti; begins joint operation

KATHMANDU: Century Commercial Bank Limited has started its joint operation from Monday after acquiring 'B' class Alpine Development Bank Limited and 'C' class Seti Finance Limited.
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KATHMANDU: Century Commercial Bank Limited has started its joint operation from Monday after acquiring 'B' class Alpine Development Bank Limited and 'C' class Seti Finance Limited. 


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The bank acquired these two institutions to expand its capital to Rs 8 billion. Joint operation of the bank was inaugurated by Chiranjibi Nepal, governor of Nepal Rastra Bank (NRB), a statement issued by the bank said. The statement added that the bank currently had 85 branches across the country, which would soon be expanded to 100.

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