NIBL acquires Jebil's Finance

Published On: July 17, 2019 08:31 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, July 17: Nepal Investment Bank Ltd (NIBL) commenced joint operations with Jebil's Finance Ltd from Monday.

Issuing a press statement, the bank said the total paid-up capital has been raised to Rs 12.89 billion, highest amongst the private sector commercial banks with the total deposit of Rs 147 billion and total loans of Rs 132 billion. 

 “Mergers and acquisitions will be part of the bank's strategic plan for the next financial year,” the statement quoted Jyoti Pandey, CEO of NIBL as saying. The bank has 81 branches, 118 ATMs, 14 extension counters, 10 revenue collection counters and 51 branchless banking counters.

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