Banks, Development Banks and Financial Institutions Merger and Acquisition in Nepal (updating..)

This document is about merger and acquisition of Class A, B, C and D (if any) institutions in Nepal. This article is incomplete and is under regular review. Please write me to visit.binod@gmail.com if you have any queries and suggestions.
Some Points
- Merger of Machhapuchhre Bank Limited and Mega Bank (In process) is cancelled
Commercial Banks
# | Before Merger | After Merger | Remarks | |
1. | Machhapuchhre Bank Limited | Standard Finance Ltd. (C class, National Level) | Machhapuchchhre Bank Limited | 2012/07/09 Merger |
2. | Global Bank Limited |
|
Global IME Bank Ltd. | 2012/07/09 Merger |
3. | Global Bank Limited |
|
Global IME Bank Ltd. | 2013/07/14 Merger |
4. | Global Bank Limited |
|
Global IME Bank Ltd. | 2014/04/09 Merger |
5. | Nepal Industrial and Commerical Bank Ltd. | Bank of Asia Ltd. | NIC Asia Bank Ltd. | 2013/06/30 Merger |
6. | Civil Bank Ltd. |
|
Civil Bank Ltd. | 2014/04/14 Merger |
7. | Civil Bank Ltd. |
|
Civil Bank Ltd. | |
8. | Citizens Bank International Limited |
|
Citizens Bank International Limited | 2015/05/08 Acquisition |
9. | Prabhu Bank Ltd. | Grand Bank Ltd. | Prabhu Bank Ltd. | 2016/02/12 Merger |
10. | Mega Bank Limited | Paschimanchal Bikash Bank Ltd | Mega Bank Ltd. | 2073/01/08 |
11. | Bank of Kathmandu Ltd | Lumbini Bank | Bank of Kathmandu | In Process |
12. | Nepal Credit and Commerce Bank Limited |
|
N/A | In Process |
13. | Siddhartha Bank Limited | Business Development Bank Limited | N/A | In Process |
14. |
Lumbini Bank Ltd.(A class, National Level) |
Nawadurga Finance Co. Ltd.(C class, National Level) | Lumbini Bank Ltd.(A class) | 2014/06/29 Merger |
15. | Kist Bank Ltd. (A class) |
|
Prabhu Bank Ltd. (A class) | 2014/09/15 Merger |
16. |
NMB Bank Ltd.(A class) |
|
NMB Bank Ltd.(A class) |
2015/10/18
|
Development Banks
# | Before Merger | After Merger | Remarks | |
1. | Pashupati Devlopment Bank Ltd. | Uddhyam Bikash Bank Ltd. (B Class, National Level) | Axis Development Bank Ltd. (B class, National Level) | 2012/07/13 Merger |
2. | Annapurna Development Bank Ltd. | Surya Darshan Finance Ltd. | Supreme Development Bank Ltd. (B class, National Level) | 2012/07/13 Merger |
3. | Kasthmandap Development Bank Ltd. | Sikhar Finance Ltd. | Kasthamandap Development Bank Ltd. (B Class, National Level) | 2012/04/13 Merger |
4. | Vibor Bikash Bank Ltd. |
|
Vibor Bikash Bank Ltd. (B class, National Level) | 2012/09/02 Merger |
5. | Vibor Bikash Bank Ltd. |
|
N/A | (In Process) |
6. | Birat Laxmi Development Bank Ltd.(B class, 3 District Level) | Khadbari Development Bank Ltd.(B class, 1 District Level) | Birat Laxmi Development Bank Ltd.(B class, 10 District Level) | 2014/05/17 Merger |
7. | Triveni Bikas Bank Ltd. (B class, 10 District Level) |
|
Triveni Bikas Bank Ltd. (B class, National Level) | 2015/06/01 Merger |
8. | Jyoti Bikash Bank Ltd |
|
N/A | In Process |
9. | Metro Development Bank Limited |
|
N/A | In Process |
10. | Himchuli Bikash Bank Ltd. (B class, National Level) | Birgunj Finance Lltd. (C class, National Level) | H&B Development Bank Ltd. (B class, National Level) | Merged on 2011/06/15 |
11. | Business Development Bank Ltd. (B class, National Level) | Universal Finance Ltd. (C class, National Level) | Business Universal Development Bank Ltd. (B class, National Level) | 2012/04/03 Merger |
12. | Infrastructure Development Bank Ltd. (B Class, National Level) | Swastik Finance Ltd. (C class, National Level) | Infrastructure Development Bank Ltd. (B class, National Level) | 2012/07/10 Merger |
13. | Shine Development Bank Ltd. (B class, National Level) | Resunga Bikash Bank Ltd. (B class, National Level) | Shine Resunga Development Bank Ltd. (B class, 10 District Level) | 2013/03/17 Merger |
14. |
Diyalo Bikash Bank Ltd. (B class, , National Level) |
Professional Bikash Bank Ltd. (B class, National Level) | Professional Diyalo Bikash Bank (B class, 10 District Level) | 2013/06/30 Merger |
15. | Araniko Development Bank Ltd. (B class, National Level) | Surya Development Bank Ltd. (B class, National Level) | Araniko Development Bank Ltd. (B class, 10 District Level) | 2013/07/14 Merger |
16. | Manakamana Development Bank Ltd. (B class, National Level) | Yeti Finance Ltd. (C class), Valley Finance Ltd. (C Class, National Level) | Yeti Development Bank Ltd. (B class, National Level) | 2013/07/15 Merger |
17. | Shangrila Development Bank Ltd.(B class, 10 District Level) | Bageshwori Development Bank (B class, National Level) | Shangrila Development Bank Ltd.(B class, National Level) | 2014/06/13 Merger |
18. | NDEP Development Bank Ltd. (B class, National Level) | Rising Development Bank Ltd. (B class, 3 District Level) | Deva Development Bank Ltd. (B class, National Level) | 2015/07/10 Merger |
19. | Biswo Bikas Bank Ltd. (B class, 10 District Level) | Fewa Finance Ltd. (C class, National Level) | Fewa Bikas Bank Ltd. (B class, National Level) | 2015/07/13 Merger |
20. | Garima Bikas Bank Ltd. (B class, 10 District Level) | Nilgiri Bikas Bank Ltd. (B class, 3 District Level) | Garima Bikas Bank Ltd. (B class, National Level) | 2015/07/14 Merger |
21. | Muktinath Bikas Bank Ltd. (B class, 10 District) | Civic Development Bank Ltd. (B class, 1 District Level) | Muktinath Bikas Bank Ltd. (B class, National Level) | 2015/07/14 Acquisition |
22. | Gorkha Development Ltd.(B) |
Kathmandu Finance Ltd |
Gorkha's Finance Ltd.(C) |
2016/04/10 Merger |
23. |
City Development Bank Ltd. |
Om Finance Ltd. | Om Development Bank Ltd.(B) |
2016/04/04 |
24. | Kailash Bikash Bank |
|
Kailash Bikash Bank | 2016/05 |
Finance Companies
# | Before Merger | After Merger | Remarks | |
1. | Royal Merchant and Banking Finance Ltd. |
|
Apex Development Bank Ltd. (B class, National Level) | 2013/07/15 Merger |
2. | Butwal Finance Ltd. (C class, National Level) |
|
Synergy Finance Ltd. (C class, National level) | 2012/12/06 Merger |
3. | Prudential Finance Coy. Ltd. (C class, National Level) | Gorkha Finance Ltd. (C class, National Level) | Prudential Finance Comapany Ltd. (C class, National Level) | 2013/03/18 Merger |
4. | Prabhu Finance Ltd. (C class, National Level) |
|
Prabhu Bikash Bank Ltd. (B class, National Level) | 2013/07/14 Merger |
5. | Reliable Finance Ltd. (C class, National Level) |
|
Reliable Development Bank Ltd.(B Class, National Level) | 2014/04/16 Merger |
6. | Siddhartha Finance Ltd (C class, National Level) | Imperial Finance Ltd. (C class, National Level) | Siddhartha Finance Ltd.(C class, National Level) | 2014/05/02 Merger |
7. | Reliance Finance Ltd.(C class, National Level) | Lotus Investment Finance Ltd. (C class, National Level) | Reliance Lotus Finance Ltd.(C class, National Level) | 2014/05/08 Merger |
8. | Sagarmatha Merchant & Fin. Co. Ltd. (C class, National Level) | Patan Finance Ltd. (C class, National Level) | Sagarmatha Finance Ltd. (C class, National Level) | 2015/07/16 Merger |
Feature Image Credits to The Himalayan Times
Grameen Bikash Banks (Class D)
# | Before Merger | After Merger | Remarks | |
1. | Purwanchal Grameen Bikas Bank Ltd. (D class, National Level) |
|
Nepal Grameen Bikas Bank Ltd. (D class, National Level) | 2014/08/15 Merger |
Source : Nepal Rastra Bank (Upto Mid July, 2015)