1. Global Bank, IME Finance & Lord Buddha Finance company merged together and is in operation as Global IME bank 2. Machapuchchre Bank and Standard Finance merged to establish a better equity based Machapuchchre Bank. 3. Vibor Bikash Bank & Bhajuratna Saving & Finance Company merged and is in operation as Vibor Bank. 4. Uddham Bikash Bank and Pashupati Development Bank merged and formed Axis Development Bank. 5. Kasthamandap Development Bank and Sikhar Finance merged and operating as Kasthamandap Development Bank 6. Swastik Finance and Infrastructure Development Bank in merged and operating as Infrastructure Development Bank . 7. NMB Bank & Clean Energy Bank signed MOU and have approved the proposal from their respective AGM 8. Himchuli Bikash bank and Birgunj Finance merged and became H & B Development bank 9. Alpic Everest Finance, Butwal Finance and CMB Finance are merged to form Synergy Finance. 10. Business Development bank and Universal Finance merged and branded as Universal Business Development Bank. 11. Imperial Finance & Premier Finance are in process of merger 12. Annapurna Bikas Bank & Suryadarshan Finance merged to become Supreme Development Bank 13. Nepal Sri Lanka Merchant Banking & Finance merged with NB Bank 14. Narayani National Finance emerged from Narayani Finance and National Finance and aiming to make it a strong equity based development bank. 15. NDEP and Hama Finance have initiated merging process. 16. Resunga Bikash Bank and Shine Development Bank merged and new bank is named Shine Resunga Development Bank. 17. Bageshwori Development Bank of Nepalgunj and Shangrila Development Bank of Pokhara initiated the merger process and requested NEPSE to halt trading of their stock transaction 18. NIC Bank and Bank of Asia are in merger process and has called AGM to finalize the process and finalize the new name. 19. As per the market sources, ILFC and Grand bank is in line for merger process. 20. Infrastructure Development Bank, Manakamana Development Bank, Valley Finance and Yeti Finance are in process of merger to strengthen their base. 21. Gorkha Finance and Prudential Finance have decided merge and are initiated its processing
Posted on: Mon, 05 Aug 2013 02:53:51 +0000
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