Kathmandu. After acquiring (merger) Nepal Credit and Commerce (NCC) Bank Limited, Kumari Bank Limited has started integrated financial transactions from Sunday. It was agreed that both these banks will operate under the name of Kumari Bank Limited after the merger in 1:1 share ratio.

Kumari Bank Chairman Amir Pratap Jabara and (former) Nepal Credit and Commerce Bank Chairman Upendra Keshari Neupane jointly inaugurated the integrated business during a program organized in Kathmandu.

With the merger, the paid-up capital has reached 26 billion 23 billion rupees, total deposits have reached 3 trillion 2 billion rupees and loans have reached 2 trillion 80 billion rupees, the bank said.

In the event, Chief Executive Officer of Kumari Bank, Rameshraj Aryal, said that this merger will be an achievement in making the current economic situation and economy of Nepal dynamic. He said that this merger is a very happy and positive step and will bring attractive benefits for the customers in the future.