KATHMANDU: Nabil Bank has announced the completion of the Nepal Bangladesh Bank (NBB) acquisition process.
The two banks have started their integrated transitions as Nabil Bank Ltd from Monday, as per a press release. Class A licensed Nabil Bank Ltd has acquired Nepal Bangladesh Bank Ltd with the permission of Nepal Rastra Bank.
With the completion of this acquisition process, Nabil bank has received all the capital and financial responsibilities of Nepal Bangladesh Bank.
The two banks have reached an understanding to take the lead in nation-building by expanding and strengthening the esteemed institutions that have been playing a leading role in Nepal's financial sector.
A version of this article appears in the print on July 12, 2022, of The Himalayan Times.
