Nabil Bank Receives Final Approval From NRB To Acquire Nepal Bangladesh Bank

Nepal Stock Exchange Limited (NEPSE) has shared an official circular in their website to notify that Nabil Bank Limited (NABIL) has been granted final approval from Nepal Rastra Bank (NRB) in a letter dated 15 Ashad, 2079 to acquire Nepal Bangladesh Bank Limited (NBB).

NABIL and NBB had inked an agreement for the acquisition of NBB by Nabil Bank in a share swap ratio of 100:43. The agreement of acquisition by Nabil Bank was endorsed by the boards of both banks on Poush 29, 2078.

After the acquisition, the Annual Profit of the bank is expected to be more than Rs. 6 billion, the highest in the industry. The paid-up capital of Nabil Bank at the present is Rs. 18,496.19 million. Meanwhile, the paid-up capital of Nepal Bangladesh Bank is Rs. 10,085.40 million.