Prime Commercial Bank starts joint transaction with Kankai Bikas Bank from today; Capital post-acquisition reached Rs 9.68 arba

Prime Commercial Bank (PCBL) and Kankai Bikas Bank have started joint operation as PCBL from today.

PCBL is going through various mergers and acquisitions to meet the paid-up capital requirement set by Nepal Rastra Bank. In the process of same, PCBL has acquired Kankai Bikas Bank. After the acquisition the bank's paid-up capital has reached 9.68 arba, deposit has reached Rs 88.03 arba and loans have reached Rs 80.28 arba. Similarly, the number of branches has reached 95 after the acquisition.