Nabil Bank to become the largest bank in Nepal Merger with NCC Bank

Jun Thu 2022 04:24:20

731 views

Nabil Bank to become the largest bank in Nepal Merger with NCC Bank

Kathmandu .Merger between Nabil and Nepal Credit and Commerce (NCC) Bank has been discussed. The merger, which was split last year after reaching the final stage of merger, is being discussed with Nabil again. Earlier, NCC Bank had held discussions with Nabil and Global and some other banks on merger but it was limited to discussions.

According to a source, Nabil has proposed a swap ratio of 100:65 to NCC. But NCC Bank has taken a stand not to go below 80. With the merger of NB Bank with Nabil Bank, the paid-up capital has reached Rs. 28.57 billion.

At present, the capital of Nabil Bank is Rs. 18.49 billion while the working capital of Nepal Bangladesh Bank is Rs. 10.8 billion. The bank had decided to merge at 100:43. Now, if NCC Bank merges, Nabil Bank's paid-up capital will be Rs 11.13 billion. With Nabil, NCC and NB Bank in the same place, the paid-up capital will be Rs 40 billion. If the merger between these two banks is successful, it will not only be an indicator but also the largest bank in terms of paid-up capital.