Nepal Rastra Bank approves acquisition of Kailash Bikas Bank by Prime Commercial Bank; issues Letter of Intent

Thu, Oct 3, 2019 2:57 PM on External Media, Latest,
Nepal Rast...

Nepal Rastra Bank (NRB) has issued Letter of Intent (LOI) to Prime Commercial bank Limited (PCBL) to acquire Kailash Bikas Bank Limited (KBBL).

PCBL has achieved another milestone after successfully acquiring Kankai Bikas Bank some time ago. The BOD of PCBL confirmed the issue of LOI by the NRB.

Prime Bank currently operated through a network of 113 branches while Kailash Bikas Bank has a network of 95 branches across the nation.