Acquisition of Civil Bank By Himalayan Bank is just a rumor

Sep 21, 2020 12:00 PM Merolagani

Civil Bank (CBL) has informed Nepal Stock Exchange that the news of acquisition by Himalayan Bank is merely a rumor.

The bank explained that the news currently disseminated in various platforms is baseless. The bank said that no official decision has been made regarding the merger with any BFIs.

On Sunday, there was a rumor that Himalayan Bank is set to acquire Civil Bank, based on which, the stock price hit circuit in the secondary market. Following which, NEPSE sought clarification from the bank regarding the rumor.

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