Kathmandu. Nepal Investment Bank and Himalayan Bank are preparing to merge another commercial bank with the aim of raising Rs 50 billion.

Himalayan and Investment Bank will have a paid up capital of Rs 26.96 billion and a reserve of Rs 19.74 billion. Accordingly, the core capital of the bank reaches Rs 46.69 billion. Which is the highest among the operating banks.

Top officials of Nepal Rastra Bank have been repeatedly requesting to take Civil or any other small bank when Himalayan and Investment Bank merged.

Investment and Himalayan are planning to do integrated business by mid-July. However, coronavirus and bans have been shown to cause some delays. It has been agreed that Prithvi Bahadur Pandey and Ashok Rana will be the chairman and CEO of the merged bank. Jyoti Pandey will be the Deputy CEO.