Pokhara Finance and Samriddhi Finance Receive NRB’s In-Principle Approval for Merger

Pokhara Finance Limited has officially announced that it has received in-principle (LOI) approval from Nepal Rastra Bank (NRB) to proceed with its planned merger with Samriddhi Finance Company Limited. According to the notice issued by Pokhara Finance, the two institutions had earlier signed a merger agreement and jointly submitted an application to NRB seeking approval for the merger process. Following the submission, NRB granted in-principle approval on 2082 Ashwin 27.

As per NRB’s directive, both financial institutions are required to complete all necessary procedures, including passing a special resolution from their respective general assemblies, within three months from the date of approval. Once the process is completed, the final merger proposal must be submitted to NRB for final approval.

This merger marks another step in Nepal’s ongoing financial consolidation trend, aimed at strengthening the stability, competitiveness, and operational efficiency of financial institutions across the country. Both Pokhara Finance Limited and Samriddhi Finance Company Limited expressed optimism that the merger will enhance their capital base, expand their customer reach, and improve overall service delivery.