• BIZ BRIEFS
KATHMANDU, MARCH 15
Nepal Rastra Bank has provided a letter of intent to Nabil Bank for acquisition of Nepal Bangladesh Bank (NBB).
Nabil Bank and NBB inked a preliminary agreement for acquisition of NBB by Nabil Bank in a share swap ratio of 100:43 on January 13.
Nabil Bank will have a paidup capital of around Rs 23 billion after acquisition of NBB, core capital of Rs 44 billion, Rs 318 billion in deposits, Rs 301 billion in loan disbursement, 292 ATM terminals, and more than 1.6 million customers, making it one of the leading banks in the nation, as per a press statement.
A version of this article appears in the print on March 16, 2022, of The Himalayan Times.
