NRB Gives Final Approval To Womi And Nagarik Laghubitta For Merger

Nov 24, 2019 12:56 PM Merolagani

Nepal Rastra Bank (NRB) has given final approval to Womi Microfinance (WOMI) and Nagarik Lagubitta for merger on November 22.

Womi and Nagarik Laghubitta signed a memorandum of understanding for the merger on March 8 following which both microfinance companies endorsed the merger proposal through their special general meeting held on September 19.

The SGMs also endorse a swap ratio of 100:72 for the merger.

The joint entity will be named Womi Laghubitta and will be headquartered at the head office of Nagarik Laghubitta.

 


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