Kathmandu. Nabil Bank Limited and Nepal Bangladesh Bank Limited are going to start integrated business from July 11 after completing the acquisition process. Nabil Bank said in a statement on Monday that it was about to start integrated business. Nepal Rastra Bank had received final approval from Nabil Bank to acquire Nepal Bangladesh Bank on July 3 and the Registrar of Companies Office on July 3.

A proposal to acquire these two banks was passed at a special general meeting held on May 20. Nabil Bank has acquired Nepal Bangladesh Bank in the ratio of 100 to 43 swaps. At present, the paid up capital of Nabil Bank is Rs. 18.49 billion, while that of Nepal Bangladesh Bank is Rs. 10.85 billion.