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BUSINESS BRIEFS: UPVC roof sheets hit market

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KATHMANDU, March 4: Composite carbon fiber UPVC roofing sheets from Sunrise have hit the market.



The manufacturers of Sunrise brand said in a statement that the product is the most modern roofing solution available here. [break]



"It is affordable, light, durable and offers numerous beneficial features," it said, adding that the product had been tested and certified for quality and standard, and is covered by a 30-year warranty.



The product is easy to carry and install, resistant to heat, water and chemicals, rust free and not inflammable, is said.



Because it is light and can be transported easily in the rural areas, the company expresses hope that the architects and engineers would soon start recommending its usage in housing and development projects.





NIBL opens branch in Lalbandi



KATHMANDU, March 4: Nepal Investment Bank Limited (NIBL) opened its 39th branch in Lalbandi, Sarlahi on Thursday.



According to a press statement, the newly opened branch will be linked through ABBS (Any Branch Banking Services) to 38 other branches across the country.



The key services provided by the branch include deposit and credit facility, foreign exchange, retail banking, import, export, letters of credit, guarantees and remittances, among others.



The statement further said that the newly opened branch is in tune with the bank´s policy to extend quality banking services within all major pockets of the country, both within and outside the Kathmandu Valley.



In the coming days, the bank plans to extend its access to rural areas as well as urban centers.





ALIC opens branch in Nuwakot



KATHMANDU, March 4: Asian Life Insurance Company (ALIC) has opened its 19th branch in Bidur municipality of Nuwakot.



With this, the number of branches of the company, established as 6th insurance company in Nepal, has reached 19.



According to a press release issued by the company on Thursday, the company has so far earned premium income of Rs 800 million from the issuance of 245,715 insurance policies.



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