NMB to merge with three financial institutions
June 9, 2015, 6:42 a.m.
Kathmandu,June-9 The Special General Assembly of NMB Bank Sunday approved the proposal to undergo merger with Pathibhara Bikash Bank Limited, Bhrikuti Development Bank Limited and Prudential Finance Company Limited.
Issuing a statement, the bank said that the merger is intended to strengthen its capital base as well as enhance competitive capacity. The bank aims to increase its presence in eastern and western development regions by undergoing merger with Pathibhara and Bhrikuti, according to the statement. The assembly also decided to expedite merger process with Clean Energy Development Bank.
Source: Republica
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