Author: Himalaya Post

Santosh Koirala, Deputy C.E.O., Macchapuchchre Bank How is Machhapuchchhre Bank moving ahead? Macchapuchhre has reached here with a very different experience, background and ups and downs. We are working to give banking access to locals by reaching each and every corner via ‘organic growth’. Along with that, we are also moving forward towards the direction of giving the time-contentious fruition to our stakeholders by making the bank bigger in terms of capital, portfolio and network. Last year only, we brought more than 62 branches in operation in various places whereas now, we are on our way to expand 16 more branches in Kathmandu. This year, we strengthened our capital fund by issuing debenture worth 3 billion rupees while we are prepping to seek 1 billion international loans. In this 6 month-period, we have also succeeded to issue 12.41 billion debt, 12.24 billion deposits and 3 billion debenture making the total trade growth to stand at 27 billion. We are also committed towards social responsibility, institutional governance, risk management, compliance to regulatory among others. We are paying attention towards internal and external risk-management, compliance to AML/CFT Acts/guidelines and construction of infrastructures required by the regulating body. Dividing our investment, we have also been giving loan to marginalized groups more than the criteria set by  Nepal Rastra Bank. What are the bank’s objectives at present? We are in service business, and...