Tuesday, 04 August 2020 08:18 PM
August 2, 2016 08:30 PM NPT
KATHMANDU, Aug 2: Civil Bank Ltd (CBL) has announced that it was acquiring Unique Finance Ltd (UFL).
Issuing a statement, the commercial bank said that its chairman Ichchha Raj Tamang, and Binod Bahadur Khatri, chairman of UFL, signed an agreement for acquisition.
According to the statement, the name and the current composition of the board of directors and senior management of Civil Bank will remain the same after the acquisition.
Kishore Maharjan, CEO of Civil Bank Limited, said that the acquisition will enhance the business capacity of the bank, enabling it to invest in big infrastructural and industrial projects.
KATHMANDU, March 23: Deva Development Bank Ltd has signed a memorandum of understanding (MoU) to acquire Union Finance Ltd. ...
KATHMANDU, Sept 4: Civil Bank Ltd has acquired Hama Merchant and Finance Co Ltd. ...