NIBL commences consolidated operation with City Express Finance Company; completes acquisition process in share swap ratio of 100:30

Nepal Investment Bank (NIBL) has proudly announced the commencement of consolidated operations between itself and City Express Finance Company Limited from Sunday. The joint operations will be carried out from three branches namely; Ghantaghar, Birtamod & Gaighat and will provide banking services to its customers.

Nepal Investment Bank Ltd. had acquired City Express Finance Company Limited with a swap ratio of 100:30.

NIBL now has 86 branches, 128 ATMs, 20 extension counters, 10 revenue collection counters, and 59 branchless banking counters.

The bank, being the recipient of five Bank of the Year awards for exemplary service and business, was accredited with Euromoney awards for “Best Bank 2018” from the international publication - Euromoney. Further, ICRA Nepal (International Credit Rating Agency- Nepal) has given the bank a credit rating of A.