Ace Finance Company Ltd has completed 10 years of service today.

Launched in August 15, 1995, Ace Finance has served the financial market by introducing innovative financial products, providing services to its customers and value to its share holders.

Ace Finance is currently in the process of upgrading to a development bank, which will help in its expansion and to provide better and more efficient service. “As we enter the next decade, we plan to concentrate on growth based on innovation and integrity”, says Siddhant Raj Pandey, executive director of the company.

The operating profit for the fiscal year 2004/5 was three crores, thirteen lacs fifty four thousand.

Total deposits accumulated in this period were seventy seven crores, ninety three lacs and eighty thousand while total lending was sixty seven crores, eighty six lacs and twenty five thousand, the company said.