Previously, Om Development Bank was in acquisition process with Prime Commercial Bank, however, the process failed in the midway.
The merged entity will be headed by Sunil KC, CEO of NMB Bank and Bishwo Mohan Adhikari of Om Development Bank as Deputy CEO.
Presently, NMB Bank and Om Development Bank have paid-up capital of Rs 9.61 billion and Rs 2.51 billion respectively. The merged entity will have a paid-up capital of above Rs 11.5 billion.
