July 7, 2019 | Investopaper
Prime Commerical Bank has signed a memorandum of understanding with Kailash Bikas Bank Ltd for mergers and acquisition. The company informed Nepse about the merger on 20th Asadh, 2076.
As informed on Nepse, PCBL has reached an agreement to acquire Kailash Bikas Bank which will be the third merger party. The company has already acquired Kankai Bikas Bank and Lalitpur Finance.
After acquiring three companies, it will operate through 189 branches around the nation.