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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">This development has officially paved the way to complete formalities before the process of the start of joint operations between the two commercial banks, added the statement.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Similarly, combining the assets, loans and deposits of both banks will elevate the bank into unparalleled heights, added the statement. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">This development has officially paved the way to complete formalities before the process of the start of joint operations between the two commercial banks, added the statement.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Similarly, combining the assets, loans and deposits of both banks will elevate the bank into unparalleled heights, added the statement. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">The joint statement further said that the bank will hope to retain the confidence of its stakeholders and shareholders through this major development and also continue to provide exemplary services to its clients post–merger.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
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May 13: Nepal Investment Bank Limited (NIBL) and Himalayan Bank Limited (HBL) have announced their merger with the “intention” of strengthening the banking sector of Nepal in line with Nepal Rastra Bank’s (NRB) Merger and Acquisition Policy.
Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger.
According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13.
This development has officially paved the way to complete formalities before the process of the start of joint operations between the two commercial banks, added the statement.
After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”.
Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.
In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry.
At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country.
Similarly, combining the assets, loans and deposits of both banks will elevate the bank into unparalleled heights, added the statement.
The joint statement further said that the bank will hope to retain the confidence of its stakeholders and shareholders through this major development and also continue to provide exemplary services to its clients post–merger.
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">This development has officially paved the way to complete formalities before the process of the start of joint operations between the two commercial banks, added the statement.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Similarly, combining the assets, loans and deposits of both banks will elevate the bank into unparalleled heights, added the statement. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">The joint statement further said that the bank will hope to retain the confidence of its stakeholders and shareholders through this major development and also continue to provide exemplary services to its clients post–merger.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">This development has officially paved the way to complete formalities before the process of the start of joint operations between the two commercial banks, added the statement.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Similarly, combining the assets, loans and deposits of both banks will elevate the bank into unparalleled heights, added the statement. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">The joint statement further said that the bank will hope to retain the confidence of its stakeholders and shareholders through this major development and also continue to provide exemplary services to its clients post–merger.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">This development has officially paved the way to complete formalities before the process of the start of joint operations between the two commercial banks, added the statement.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Issuing a joint statement on Thursday, the two commercial banks said they have signed a Memorandum of Understanding (MoU) for the merger. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">According to the statement, Chairman of Nepal Investment Bank Prithvi Bahadur Pandé and the Chairman of Himalayan Bank Tulsi Prasad Gautam signed the MoU on Thursday, May 13. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">This development has officially paved the way to complete formalities before the process of the start of joint operations between the two commercial banks, added the statement.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">After the merger, the banks will be known with the name “Himalayan and Nepal Investment Bank Ltd”. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Prithvi Bahadur Pandé will retain the post of the bank’s chairman while Ashoke SJB Rana will be the Chief Executive Officer (CEO). Similarly, after the merger, the board members will be comprised of three members each from both the banks and also an independent member for a total of seven board members.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">In the joint statement, the two banks claimed that the new entity after merger will be the biggest commercial bank in the history of the Nepalese banking industry. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">At present, the paid-up capital of Nepal Investment Bank stands at Rs 16.26 billion whereas Himalayan Bank’s paid-up capital amounts to Rs 10.68 billion. After the merger the combined paid-up capital of the banks will reach a staggering Rs 26.14 billion making it the bank with the highest paid-up capital in the country. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">Similarly, combining the assets, loans and deposits of both banks will elevate the bank into unparalleled heights, added the statement. </span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt">The joint statement further said that the bank will hope to retain the confidence of its stakeholders and shareholders through this major development and also continue to provide exemplary services to its clients post–merger.</span></span></span></p>
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