Shangri-la Development Bank Limited has successfully conducted 2 days Training and Interaction Program. The training was conducted on February 11th and 12th 2017 at Butwal, Nepal .
In program there where all together 40 participants including CEO,DCEO, Head of the Department, Regional Managers and Branch Manager took part in the training and interaction program.
At present Shangri-la Development Bank Ltd. is one of the largest National level Development Bank with Branch network of 31 branches, depositors base of more than 2 lakhs customers with its Central Office in Baluwatar ,Kathmandu and Regional Office in Pokhara and Nepalgunj.
Shangrila Development Bank has signed an understanding with Cosmos Development Bank (1 district level development bank) and Nepal Community Development Bank (1-3 district level development bank) for acquisition.
After issuing bonus shares of all the banks and acquisition, the paid up capital of Shangrila Development Bank will reach Rs. 1 arba 57 crore. The bank will further issue stock dividend worth at least Rs. 30 crore, which will increase its paid up capital to Rs. 1.87 arba. Based on NRB’s directive, the development bank has to increase its paid up capital to Rs. 2.5 arba, which the bank aims to reach by merger/acquisition or by issuing right shares worth Rs. 63 crore, said Mr. Dinesh Thakali, DCEO of the development bank.
After the acquisition, Shangrila Development Bank will have a deposit base of Rs. 13.36 arba and floated loans worth Rs. 11.70 arba. The total branches will reach 43, with 4 extension counters and 6 microfinance branches.