Kathmandu. Investment Bank (NIBL) and Himalayan Bank (HBL) are working hard to merge. The banks have stated that the due diligence audit (DDA) report required for merging with each other is being discussed in the board.

Investment Bank has already passed the due diligence audit (DDA) report from its board, said a bank manager. Similarly, the due diligence audit (DDA) report of Himalayan Bank will be discussed this Monday, said Tulasi Prasad Gautam, Chairman of the Board of Directors of the bank.

The combined capital of Himalayan and Investment Bank will reach Rs 46.08 billion. NIBL has a capital of Rs 29 billion, HBL Rs 17.8 billion and a paid up capital of Rs 24.92 billion. The paid up capital of Himalaya Bank is Rs. 10.68 billion and the paid up capital of Nepal Investment Bank is Rs. 14.24 billion.