NRB Grants Final Approval for Merger of Samriddhi Finance and Pokhara Finance

Nepal Rastra Bank has granted final approval to the merger of Samriddhi Finance Company Limited and Pokhara Finance Limited, paving the way for the two institutions to begin integrated operations in the coming days.

The two financial institutions, which signed a merger agreement on Shrawan 4, 2082, received the central bank’s final approval last Tuesday through an official letter issued by Nepal Rastra Bank.

Following the approval, the merged entity is expected to issue a public notice shortly before commencing unified transactions and operations.

According to the merger agreement, both companies had agreed to merge on an equal footing. The integrated institution will continue operating under the name of Samriddhi Finance Company Limited, while its central office will remain in Pokhara.

The memorandum of understanding (MoU) related to the merger was signed by merger coordinator Sudip Ghimire on behalf of Samriddhi Finance and Til Bahadur Gurung on behalf of Pokhara Finance.

In a statement, Samriddhi Finance informed that the final approval for the merger was obtained from Nepal Rastra Bank on Baisakh 29, 2083, through an official correspondence from the Bank and Financial Institutions Regulation Department. The company stated that the merger process would now move toward integrated business operations after fulfilling the remaining procedural requirements.