Kathmandu. In recent times, commercial banks have started to merge rapidly. So far, 6 different banks have already signed preliminary agreements for the merger. Nepal Investment (NIBL) and Mega Bank, Global IME and Bank of Kathmandu (BOK) and Himalayan Bank and Civil Bank have signed an agreement for merger.

Nabil Bank has acquired Nepal Bangladesh Bank and integrated its business. As a result, even though there was some disappointment due to the demerger between Himalayan and Nepal Investment Bank, the integrated business of Nabil and NB Bank has brought excitement.

Himalayan and Civil Bank : Himalayan Bank Limited will merge with Civil Bank. On June 29, Himalayan Bank signed a preliminary agreement to acquire Civil Bank. The agreement was signed by Chairman Prachanda Bahadur Shrestha on behalf of Himalayan Bank and Chairman Pratapjung Pandey on behalf of Civil Bank.

A shareholder who owns 100 shares of Civil Bank will own 81 shares in Himalayan Bank. That is, Himalayan Bank is going to merge with Civil Bank in a swap ratio of 100:81. It has been agreed that the name of the bank formed after the acquisition will be Himalayan, while the board of directors of Himalayan Bank will remain the same. Ashok Rana of Himalayan Bank will be the CEO of the bank after the acquisition and Sunil Kumar Pokhrel of Civil Bank will be the senior deputy CEO.

Global IME and Bank of Kathmandu : A merger agreement was signed between Global IME Bank and BOK on June 2. The agreement was signed by Global IME Bank Chairman Chandra Prasad Dhakal and Bank of Kathmandu Chairman Prakash Shrestha. Both the banks agreed to merge on a 1:1 swap ratio. The name of the bank formed after the merger will be Global IME BOK Bank. Also, Global IME's Ratnaraj Bajracharya will become the CEO of the bank.

Nepal Investment Bank and Mega Bank : A merger agreement was signed between Nepal Investment Bank and Mega Bank on 27th May last year. Chairman Prithvi Bahadur Pandey on behalf of Nepal Investment Bank and Chairman Bhoj Bahadur Shah on behalf of Mega Bank signed the agreement. Nepal Investment Bank and Mega Bank will be merged in the ratio of 100:90. That is, Mega Bank will get 90 shares equal to 100 shares of Nepal Investment Bank.

After the merger, a preliminary agreement has been reached to name the bank as Nepal Investment Mega Bank. Also, after the merger, it has been agreed that Prithvi Mahadur Pandey will be the president of the bank and Jyoti Prakash Pandey will be the chief executive officer.