36,42,921.26 Shares of UFL Listed Under Nabil Bank's Name

Nabil Bank Limited and United Finance Limited have begun joint operation from 11 July 2021, i.e. 27 Asadh 2078 after a successful acquisition process. The acquisition was made in the share swap ratio of 1: 0.35. 

Thus, 36,42,921.26 of the finance company have now been listed under the commercial bank's name.

After the acquisition, the bank's paid-up capital and total capital rose to NRs. 13.85 billion and NRs. 32.68 billion respectively. Likewise, the Bank’s branch network will increase to 135 with 36 branches located within Kathmandu valley and the total number of ATMs will be 183. As a result of the acquisition, Nabil Bank’s deposit portfolio will increase to NRs. 216 billion and loan portfolio will increase to NRs. 201 billion (as per 3rd quarter’s financial result). With this acquisition, Nabil Bank will enter the market with a new strategy through its innovative services and additional branch network, the press release states.