Ace Finance is now Ace Development Bank 
With the inauguration of Ace Development Bank Ltd. by Finance Minister Dr Ram Sharan Mahat on Thursday, Ace Finance Company Ltd. has now become Ace Development Bank Ltd.
ccording to a statement by the Bank, its paid up capital is 32 crores, with total deposits of 988,129,000.00, loans and advances of 918,731,000.00, profit from regular activities at 356,98,000.00 and net profit of 22,322,000 for the fiscal year 2063.64.
Earlier in 1996, Dr. Ram Sharan Mahat, as finance minister, had also inaugurated Ace Finance Company Ltd. nepalnews.com Sep 14 07
