Sunrise Bank & Narayani National Finance joint operation starts from today as Sunrise Bank

Nepal Rastra Bank had given the final approval for the acquisition of Narayani National Finance Limited by Sunrise Bank Limited on Ashad 19, 2073. The joint operation of both companies starts from today (Ashad 30, 2073). The new entity is named as Sunrise Bank Limited, and will start the integrated business. After the acquisition, the registrar office of the bank will be in Gairidhara-2, Kathmandu Metropolitan City. The paid up capital of Sunrise Bank stands at Rs 3.33 arba. It had earned net profit of Rs 58.81 crore in the third quarter of the fiscal year 2072/73. The paid up capital of Narayani National Finance Limited stands at Rs 80.22 crore. The finance company had earned net profit of Rs 15.03 crore in the third quarter of the fiscal year 2072/73.