Prime Commercial Bank on its way to acquire Lalitpur Finance; Officials of two BFIs meeting today

Fri, Jun 7, 2019 1:35 PM on Latest,
Prime Comm...

Prime Commercial Bank (PCBL) after its failed attempt to merge with Om Development bank (ODBL), is now moving aggressively towards M & A. It recently signed MoU with Kankai Bikas Bank to acquire it.

Following that today the officials of PCBL are meeting with the officials of Lalitpur Finance (LFC) to discuss the prospects of acquisition. The Deputy GM of PCBL stated, "The decision will be finalized by next Sunday or Monday."