Srijan and Pathibhari on way to merge

Kathmandu, July 10 – Srijan finance limited and Pathibhari Development bank has decided to merge. Both the institutuions have already submitted the proposals to Nepal Rastra Bank. Both the company has halt its transaction in NEPSE.

 

The Pathivari development bank has its paid up capital 10 crore rupees whereas srijan finance has 6 crore and 16 lakhs rupees. The company has issued the right share of about 5 crore and 60 lakhs. Both the organizations have committed to complete the merger process within upcoming 6 months.  

 

After the sale of shrijan's right share, the new bank will have its capital more than 20 crore rupees. As per the balance sheet by the month of chaitra, both the company will have its deposit of 1 arba 84 crore rupees. Similarly lending and investment will reach to 1 arba 37 crore rupees.

 

Aarthiknews