Sat, Apr 20, 2024
Nepal Rastra Bank (NRB) has given final approval to Nepal Investment Bank (NIB) to acquire City Express Finance on November 22.
The bank signed an agreement with the finance company for acquisition with a swap ratio of 100:30.
The paid-up capital of the bank will reach Rs 14.37 billion after the acquisition.
Nepal Reinsurance Comapny (NRIC) has announced dividend of the last FY.
