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