More than 12 commercial bank preparation on big merger

Jan Mon 2022 02:52:58

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More than 12 commercial bank preparation on big merger

Kathmandu. At present, more than a dozen commercial banks are preparing for mergers and acquisitions. With the exception of the state-owned Rastriya Banijya Bank, Nepal Bank and Krishi Vikas Bank, and a few other banks, most of the banks are preparing for the merger.

According to the annual report of the commercial banks for the last financial year, most of the commercial banks are doing the homework of mergers and acquisitions. A dozen commercial banks have stated in their annual reports for the last fiscal year that they are preparing for mergers and acquisitions.

It is also understood that the banks are making a strategy to complete the merger process in the current fiscal year if they get the above partner. Some banks have already received approval from the general meeting for mergers and acquisitions, while some banks are preparing to get approval for mergers and acquisitions by making special proposals in the annual general meeting.

Citizens Bank International, Sunrise Bank, Civil Bank, Prabhu Bank,Sanima Bank, Machhapuchhre Bank, Prime Commercial Bank, Kumari Bank, Mega Bank, NCC Bank, Laxmi Bank and Nepal SBI Bank is ready for merger and acquisition.