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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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<p>"The merger has enhanced the credit expansion capacity and financial strength of the bank and has enabled the bank to expand its business and invest in infrastructure and other industrial projects," said Kishor Maharjan, CEO of Civil Bank.</p>
<p>Civil Bank has also signed a memorandum of understanding (MoU) for acquisition of Unique Finance and Hama Merchant & Finance in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the Nepal Rastra Bank (NRB) directive. Unique Finance has a paid-up capital of Rs 230 million, whereas Hama Merchant has a paid-up capital of Rs 220 million. After these proposed acquisitions, Civil Bank’s paid-up capital will reach Rs 5.54 billion.</p>
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October 17: Civil Bank, an ‘A’ Class commercial bank and International Leasing & Finance Company Limited (ILFCO), a ‘C’ Class financial institution are starting their joint operation from today, October 17 after completing their merger process.
Issuing a press statement, the bank informed that the name of the newly formed merged entity will be Civil Bank with 51 branch offices across the country. Moreover, the current composition of the board of directors and senior management of Civil Bank will remain unchanged.
"The merger has enhanced the credit expansion capacity and financial strength of the bank and has enabled the bank to expand its business and invest in infrastructure and other industrial projects," said Kishor Maharjan, CEO of Civil Bank.
Civil Bank has also signed a memorandum of understanding (MoU) for acquisition of Unique Finance and Hama Merchant & Finance in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the Nepal Rastra Bank (NRB) directive. Unique Finance has a paid-up capital of Rs 230 million, whereas Hama Merchant has a paid-up capital of Rs 220 million. After these proposed acquisitions, Civil Bank’s paid-up capital will reach Rs 5.54 billion.
“The bank will issue bonus and rights shares and also continue to merge with or acquire other institutions simultaneously to meet the minimum paid-up requirement of Rs8 billion,” reads the statement.
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include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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<p>Issuing a press statement, the bank informed that the name of the newly formed merged entity will be Civil Bank with 51 branch offices across the country. Moreover, the current composition of the board of directors and senior management of Civil Bank will remain unchanged.</p>
<p>"The merger has enhanced the credit expansion capacity and financial strength of the bank and has enabled the bank to expand its business and invest in infrastructure and other industrial projects," said Kishor Maharjan, CEO of Civil Bank.</p>
<p>Civil Bank has also signed a memorandum of understanding (MoU) for acquisition of Unique Finance and Hama Merchant & Finance in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the Nepal Rastra Bank (NRB) directive. Unique Finance has a paid-up capital of Rs 230 million, whereas Hama Merchant has a paid-up capital of Rs 220 million. After these proposed acquisitions, Civil Bank’s paid-up capital will reach Rs 5.54 billion.</p>
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<p>"The merger has enhanced the credit expansion capacity and financial strength of the bank and has enabled the bank to expand its business and invest in infrastructure and other industrial projects," said Kishor Maharjan, CEO of Civil Bank.</p>
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<p>"The merger has enhanced the credit expansion capacity and financial strength of the bank and has enabled the bank to expand its business and invest in infrastructure and other industrial projects," said Kishor Maharjan, CEO of Civil Bank.</p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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<p>"The merger has enhanced the credit expansion capacity and financial strength of the bank and has enabled the bank to expand its business and invest in infrastructure and other industrial projects," said Kishor Maharjan, CEO of Civil Bank.</p>
<p>Civil Bank has also signed a memorandum of understanding (MoU) for acquisition of Unique Finance and Hama Merchant & Finance in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the Nepal Rastra Bank (NRB) directive. Unique Finance has a paid-up capital of Rs 230 million, whereas Hama Merchant has a paid-up capital of Rs 220 million. After these proposed acquisitions, Civil Bank’s paid-up capital will reach Rs 5.54 billion.</p>
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<p>Issuing a press statement, the bank informed that the name of the newly formed merged entity will be Civil Bank with 51 branch offices across the country. Moreover, the current composition of the board of directors and senior management of Civil Bank will remain unchanged.</p>
<p>"The merger has enhanced the credit expansion capacity and financial strength of the bank and has enabled the bank to expand its business and invest in infrastructure and other industrial projects," said Kishor Maharjan, CEO of Civil Bank.</p>
<p>Civil Bank has also signed a memorandum of understanding (MoU) for acquisition of Unique Finance and Hama Merchant & Finance in order to meet the minimum paid-up capital requirement of Rs 8 billion as per the Nepal Rastra Bank (NRB) directive. Unique Finance has a paid-up capital of Rs 230 million, whereas Hama Merchant has a paid-up capital of Rs 220 million. After these proposed acquisitions, Civil Bank’s paid-up capital will reach Rs 5.54 billion.</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
