Merger/Acquisition By Commercial Banks In Nepal [UPDATED]

September 3, 2023 | Investopaper

As of Shrawan’s end 2080 BS, there are 20 commercial banks operating in Nepal. Introducing Merger Bylaw 2068 (2011), Nepal Rastra Bank (NRB) encouraged all the Banks and Financial Institutions (BFIs) for the merger. Following NRB guidelines, several commercial banks in Nepal have undergone merger and acquisition.


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Merger/Acquisition By Commercial Banks In Nepal

So far, Commercial Banks in Nepal have gone into 62 merger or acquisition with other BFIs. The table below shows the list of BFIs Involved in Merger and Acquisition with the commercial banks.

S.N. Companies Merger/Acquisition Company Name’s After Merger
1 Bank of Kathmandu Ltd. & Lumbini Bank Ltd. Merger Bank of Kathmandu Limited
2 Century Commercial Bank Limited & Alpine Development Bank Limited Acquisition Century Commercial Bank Limited
3 Century Commercial Bank Limited & Sagarmatha Finance Limited Acquisition Century Commercial Bank Limited
4 Century Commercial Bank Limited & Seti Finance Limited Acquisition Century Commercial Bank Limited
5 Century Commercial Bank Limited, Innovative Development Bank Limited & Araniko Development Bank Limited Acquisition Century Commercial Bank Limited
6 Citizens Bank International Limited & Nepal Housing and Merchant Finance Limited & Peoples Finance Limited Acquisition Citizens Bank International Limited
7 Citizens Bank International Limited & Premier Finance Limited Acquisition Citizens Bank International Limited
8 Citizens Bank International Limited and Sahayogi Vikas Bank Limited Acquisition Citizens Bank International Limited
9 Citizens Bank International Limited and Srijana Finance Limited Acquisition Citizens Bank International Limited
10 Citizens Bank International Limited and Tinau Mission Development Bank Limited Acquisition Citizens Bank International Limited
11 Civil Bank Limited & Axis Development limited & Civil Merchant Bitiya Sanstha Limited Acquisition Civil Bank Limited
12 Civil Bank Limited & Hama Merchant and Finance Limited Acquisition Civil Bank Limited
13 Civil Bank Limited & International Leasing & Finance Company Limited Acquisition Civil Bank Limited
14 Civil Bank Limited & Unique Finance Limited Acquisition Civil Bank Limited
15 Global Bank Limited & IME Finance Limited & Lord Buddha Finance Ltd. Merger Global IME Bank Limited
16 Global IME Bank Limited & Commerz & Trust Bank Limited Acquisition Global IME Bank Limited
17 Global IME Bank Limited & Social Development Limited & Gulmi Bikash Bank Limited Merger Global IME Bank Limited
18 Global IME Bank Limited and Bank of Kathmandu Limited Merger Global IME Bank Limited
19 Global IME Bank Limited and Hathway Finance Limited Acquisition Global IME Bank Limited
20 Global IME Bank Limited and Janata Bank Nepal Limited Merger Global IME Bank Limited
21 Global IME Bank Limited and Reliable Development Bank Limited Acquisition Global IME Bank Limited
22 Global IME Bank Ltd. & Pacific Development Bank Ltd. Acquisition Global IME Bank Limited
23 Grand Bank Nepal Limited and Nepal Development Bank Limited Merger Prabhu Bank Limited
24 Himalayan Bank Limited and Civil Bank Limited Acquisition Himalayan Bank Limited
25 Janata Bank Nepal Limited and Triveni Bikas Bank Limited Merger Janata Bank Nepal Limited
26 Janata Bank Nepal Ltd. & Siddhartha Development Bank Ltd. Acquisition Janata Bank Nepal Limited
27 Kist Bank Ltd. & Prabhu Bikash Bank Ltd.& Gaurishankar Development Ltd.& Zenith Finance Ltd. Acquisition Prabhu Bank Limited
28 Kumari Bank Limited and Deva Bikas Bank Limited Acquisition Kumari Bank Limited
29 Kumari Bank Limited, Kasthamandap Development Bank Limited, Mahakali Bikash Bank Limited, Kakrebihar Bikash Bank Limited & Paschimanchal Finance Limited Acquisition Kumari Bank Limited
30 Laxmi Bank Limited & Hisef Finance Limited Merger Laxmi Bank Limited
31 Laxmi Bank Limited and Sunrise Bank Limited Merger Laxmi Sunrise Bank Limited
32 Laxmi Bank Ltd. & Professional Diyalo Development Bank Ltd. Acquisition Laxmi Bank Limited
33 Lumbini Bank Limited & Navadurga Finance Company Limited Merger Lumbini Bank Limited
34 Macchapuchhre Bank Limited & Standard Finance Limited Merger Machhapuchchhre Bank Limited
35 Mega Bank Nepal Limited and Gandaki Bikas Bank Limited Acquisition Mega Bank Nepal Limited
36 Mega Bank Nepal Ltd. & Paschimanchal Development Ltd. Merger Mega Bank Nepal Limited
37 Mega Bank Nepal Ltd. & Tourism Development Bank Ltd. Acquisition Mega Bank Nepal Limited
38 Nabil Bank Limited and Nepal Bangladesh Bank Limited. Acquisition Nabil Bank Limited
39 Nabil Bank Limited and United Finance Limited. Acquisition Nabil Bank Limited
40 NCC Bank Ltd. & Infrastructure Development Bank Ltd. & Apex Development Bank Ltd. & Supreme Development Bank Ltd. & International Development Bank Ltd. Merger Nepal Credit and Commerce Bank Limited
41 Nepal Bangladesh Bank Limited & Nepal Bangladesh Finance limited Merger Nepal Bangladesh Bank Limited
42 Nepal Bangladesh Bank Limited & Nepal Srilanka Merchant Finance Limited Merger Nepal Bangladesh Bank Limited
43 Nepal Credit and Commerce Bank Limited (NCCB) and Kumari Bank Limited (KBL) Merger Kumari Bank Limited
44 Nepal Investment Bank Limited and City Express Finance Limited Acquisition Nepal Investment Bank Limited
45 Nepal Investment Bank Limited and Mega Bank Nepal Limited Merger Nepal Investment Mega Bank Limited
46 Nepal Investment Bank Limited and Jebil’s Finance Limited Acquisition Nepal Investment Bank Limited
47 Nepal Investment Bank Ltd. & Ace Development Bank Ltd. Acquisition Nepal Investment Bank Limited
48 NIC Bank Limited & Bank of Asia Nepal Limited Acquisition NIC Asia Bank Limited
49 NMB Bank Limited and Kanchan Development Bank Limited Acquisition NMB Bank Limited
50 NMB Bank Limited and Om Development Bank Limited Merger NMB Bank Limited
51 NMB Bank Ltd. & Pathibhara Bikas Bank Ltd. & Bhrikuti Bikas Bank Ltd. &Clean Energy Development Ltd. & Prudential Finance Co Ltd. Merger NMB Bank Limited
52 Prabhu Bank Limited and Century Commercial Bank Limited Acquisition Prabhu Bank Limited
53 Prabhu Bank Ltd.& Grand Bank Nepal Ltd. Merger Prabhu Bank Limited
54 Prabhu Finance Limited & Sambridhi Bikash Bank Limited & Baibhav Finance Limited Acquisition Prabhu Bank Limited
55 Prime Commercial Bank Limited and Kailash Bikas Bank Limited Acquisition Prime Commercial Bank Limited
56 Prime Commercial Bank Limited and Kankai Bikas Bank Limited Acquisition Prime Commercial Bank Limited
57 Prime Commercial Bank Ltd. & Biratlaxmi Bikash Bank Ltd. & Country Development Bank Ltd. Acquisition Prime Commercial Bank Limited
58 Rastriya Banijya Bank Limited and NIDC Development Bank Limited Merger Rastriya Banijya Bank Limited
59 Sanima Bank Ltd. & Bagmati Development Bank Ltd. Acquisition Sanima Bank Limited
60 Siddhartha Bank Limited & Business Universal Development Limited Merger Siddhartha Bank Limited
61 Sunrise Bank Ltd. & Narayani National Finance Ltd. Acquisition Sunrise Bank Limited
62 Sunrise Bank Ltd. & NIDC Capital Market Ltd. Acquisition Sunrise Bank Limited

Also Read:

Net Profit of Commercial Banks in Nepal

Technical Issues in Bank Merger


Commercial Banks Never In Merger/Acquisition

Although several commercial banks have opted to merger or acquire other BFIs, there are five banks which have never undergone any merger or acquisition. They are:

1. Agricultural Development Bank Ltd

2. Everest Bank Ltd

3. Nepal Bank Ltd

4. Nepal SBI Bank Ltd

5. Standard Chartered Bank


Read Related Contents: List of ‘A’ Class Commercial Banks In Nepal 

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5 thoughts on “Merger/Acquisition By Commercial Banks In Nepal [UPDATED]

  • August 27, 2020 at 7:49 am
    Permalink

    Hello!
    Can we download the information published in this site for further use? I would be better to have such access. Thank you

    Reply
  • March 14, 2021 at 2:37 pm
    Permalink

    Yet, since a few weeks (Febr 2021), transfers from outside Nepal to the Nepal Bank Ltd are all returned, stating that the SWIFT no longer can be used… So there must be something going on, like a merger?

    Reply
  • June 28, 2021 at 4:08 pm
    Permalink

    Nepal devlopment bank merge or colapse

    Reply
  • September 2, 2021 at 2:55 am
    Permalink

    Can we fill up demat account by passport. For, minor

    Reply
  • January 1, 2023 at 5:32 am
    Permalink

    How I can solve the problems of mobile banking.
    NCC Bank.

    Reply

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