Rastra Bank gives final nod to merger of Suryodaya and Trilok Laghubitta; Joint transaction from Falgun 10, 2076

Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) and Trilok Laghubitta Bittiya Sanstha Limited (TLBSL) have received final merger approval from NRB to commence their joint transaction in the name of Suryodaya Laghubitta Bittiya Sanstha Limited from Falgun 10, 2076.

Currently, SLBS covers 23 districts and TLBSL covers 10 districts around the country. After the merger, the number of branches will reach 63 with 54 thousands members.

After merger, Lekhnath Khaniya, current president of TLBLS will preside the combined organization. Moksha Prashad Pangeni from SLBS will work in the capacity of Chief Executive Officer (CEO) and Rajendra Neupane from TLBSL will work as Deputy CEO. The name of the microfinance will be Suryodaya Laghubitta Bittiya Sanstha Limited and the head office will be located at Syangja District, Putali bajar - 01 in Gandaki Province.

Announcement