header banner
ECONOMY

NMB Capital named issue manager for SCBNL FPO

KATHMANDU, Jan 16: Standard Chartered Bank Nepal Ltd (SCBNL) has appointed NMB Capital Ltd as the issue manager to raise Rs 3.3 billion through a Further Public Offering (FPO) to meet the new paid-up capital requirement.
By Republica

KATHMANDU, Jan 16: Standard Chartered Bank Nepal Ltd (SCBNL) has appointed NMB Capital Ltd as the issue manager to raise Rs 3.3 billion through a Further Public Offering (FPO) to meet the new paid-up capital requirement.


Related story

NMB Capital named issue manager of PICL's FPO


Commercial banks must raise their paid-up capital from Rs 2 billion to Rs 8 billion by mid-July 2017. Joseph Silvanus, CEO of the bank and Shreejesh Ghimire, CEO of NMB Capital Ltd signed the agreement for the same on Sunday.


Issuing a statement, the bank said that it firmly believe in the long-term prospects of its business in Nepal and in the country’s growth potential.

Related Stories
ECONOMY

Butwal Power Company's FPO under-subscribed

ECONOMY

SCBNL FPO allotment delayed

ECONOMY

Sanima Capital appointed issue manager of Citizens...

ECONOMY

Nepal Bank's FPO receives frosty response from pub...

ECONOMY

Hulas Finserv Hire Purchase Limited appoints NMB C...