Thu, Apr 25, 2024
Securieits Board of Nepal (SEBON) has approved merger of Samudayik Laghubitta Bittiya Sanstha and BPW Laghubitta Bittiya Sanstha.
Both companies sought SEBON approval on May 17.
Nepal Rastra Bank (NRB) approved the merger on May 17.
Samudayik Laghubitta, headquartered at Kavre Banepa-14 and BPW Laghubitta, signed MoU regarding merger on December 16.
The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.
