Nepal Investment Bank and Jebils Finance to commence joint transaction from Ashadh 30 as Nepal Investment Bank

Nepal Investment Bank Limited (NIB) and Jebils Finance Limited (JEFL) are going to commence joint operation from Ashadh 30, 2076.

Nepal Rastra Bank (NRB) has given final approval on Ashadh 12, 2076 and Office of Company Register has given final approval on Ashadh 25, 2076 for the acquisition of JEFL by NIB. The new entity will be named as ‘Nepal Investment Bank Limited’ and will start the integrated business as ‘A’ class commercial bank. After the joint operation, the registered office will be at Durbarmarg, Kathmandu.

NIB has acquired JEFL in a share swap ration of 100:33. The paid-up capital of NIB had Rs 12.59 arba and of JEFL had Rs 0.84 arba. After the acquisition, the paid-up capital of NIB reaches Rs 12.89 arba.

NIB be has been awarded as the Bank of the Year for five times. Similarly, an international newspaper named Euromoney has awarded NIB by Euromoney award for excellence "Best Bank 2018" last year. In addition, ICRA Nepal has rated NIB as A+.