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.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM