July 19: Institute of Chartered Accountant of Nepal (ICAN) has honored Kailash Bikas Bank with the best Annual Financial Report-2016 Award. This is the fourth time that the bank has received this award.

Kailash Bikas Bank, a national level bank, has been giving priority to good governance, transparency, accountability, rapid growth and good customer services. The bank currently has a paid-up capital of Rs 2.29 billion, and it has been able to collect deposit of Rs 17.17 billion and has loaned out Rs 15.4 billion as of mid-July. The bank’s current operating profit is Rs 730 million.