Kathmandu. Nabil Bank Limited and Nepal Bangladesh Bank have completed all the acquisitions and started integrated business from Monday. After the merger of the two banks, financial transactions have been conducted in an integrated manner under the name 'Nabil Bank Limited'.

Class A licensed Nabil Bank Limited has acquired Nepal Bangladesh Bank Limited with the permission of Nepal Rastra Bank. With this acquisition, Nabil Bank has now taken over the entire assets and liabilities of Nepal Bangladesh Bank and has become the largest financial institution in the country.

Gyanendra Dhungana, Executive Director of the Bank, said that Nabil Bank and NB Bank have taken steps to further enhance the public's credibility towards the bank by considering the need for acquisition and the justification of the overall banking system. He informed that an understanding has been reached between the two banks with the objective of taking the lead in nation building by expanding and strengthening the esteemed institutions that have been playing a leading role in Nepal's financial sector.