KATHMANDU: Nepal Investment Bank Ltd (NIBL) has commenced joint operations with Jebil’s Finance Ltd after its successful acquisition, raising the total paid-up capital to Rs 12.89 billion, the highest amongst the private sector commercial banks.

The total deposit has reached Rs 147 billion and total loans stand at Rs 132 billion, as per a media release. At the commencement of the new entity as its 81st branch at Pyukha, Newroad, Jyoti Pandey, CEO of NIBL, indicated that mergers and acquisitions will be part of the bank’s strategic plan for the next financial year as well.

NIBL has 81 branches, 118 ATMs, 14 extension counters, 10 revenue collection counters and 51 branchless banking counters.