NRB Okays Acquisition of Om Development by Prime Bank

Nov 11, 2018 Merolagani

Nepal Rastra Bank (NRB) has provided pre-approval to Prime Bank (PCBL) to acquire Om Development Bank (OMDBL). The institutions sought NRB approval for the acquisition on August 19.

As per the banks, the swap ratio will be decided by Due Diligence Audit (DDA). After the merger, the entity will have a paid-up capital of nearly 10 billion, deposit of Rs 100 billion and loan extension of Rs 89 billion.

Similarly, its branch network will reach 116.  

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