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

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

 

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
  • Lord Buddha Finance Ltd.(C class, National Level)
  • IME Financial Institutions Ltd. (C Class, NationalLevel)
Global IME Bank Ltd. 2012/07/09 Merger
3. Global Bank Limited
  • Social Development Bank Ltd. (B class, National Level)
  • Gulmi Bikash Bank Ltd. (B class, National Level)
Global IME Bank Ltd. 2013/07/14 Merger
4. Global Bank Limited
  • Commertz and Trust Bank Nepal Ltd.
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.
  • Axis Development Bank Ltd.
  • Civil Merchant Finance Company (C class, National Level)
Civil Bank Ltd. 2014/04/14 Merger
7. Civil Bank Ltd.
  • Int'l Leasing & Fin, Co. Ltd (In Process)
Civil Bank Ltd.  
8. Citizens Bank International Limited
  • Nepal Housing and Merchant Finance Ltd.
  • Peoples' Finance Ltd. (C class, National Level)
  • Premier Finance Ltd. (2016/04/19 Acquisition)

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
  • Kumari Bank
  • Supreme Development Bank Limited (In Process)
  • Infrastructure Development Bank Limited  (In Process)
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 Bikas Bank Ltd. (B class, National Level),
  • Gaurishankar Development Bank Ltd. (B class, National Level),
  • Zenith Finance Ltd. (C class, National Level)
Prabhu Bank Ltd. (A class) 2014/09/15 Merger
16.

NMB Bank Ltd.(A class)

  • Clean Energy Development Bank Ltd.(B class, National Level),
  • Pathibhara Development Bank Ltd(B class, 10 District Level),
  • Bhrikuti Development Bank Ltd(B class, 10 District Level),
  • Prudential Finance Ltd. (C class, National Level)

 

NMB Bank Ltd.(A class)

2015/10/18    
Merger

 

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.
  • Bhajuratna Finance and Savings Company Ltd. (C class, National Level)
Vibor Bikash Bank Ltd. (B class, National Level) 2012/09/02 Merger
5. Vibor Bikash Bank Ltd.
  • Society Development Bank Limited
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)
  • Public Development Bank Ltd. (B class, 3 District Level),
  • Bright Development Bank Ltd. (B class, 3 District Level)
Triveni Bikas Bank Ltd. (B class, National Level) 2015/06/01 Merger
8. Jyoti Bikash Bank Ltd
  • Hamro Bikas Bank Limited
  • Jhimruk Bikas Bank Limited
N/A In Process
9. Metro Development Bank Limited
  • Kailash Bikash Bank Ltd
  • Nepal Express Finance Ltd.
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    
Merger

24. Kailash Bikash Bank
  • Metro Development Bank
  • Nepal Express Finance
Kailash Bikash Bank 2016/05

Finance Companies

  #     Before Merger     After Merger     Remarks  
1. Royal Merchant and Banking Finance Ltd.
  • Rara Bikash Bank Ltd. (B class, National Level) and
  • Api Finance Ltd. (C class, National Level)
Apex Development Bank Ltd. (B class, National Level) 2013/07/15 Merger
2. Butwal Finance Ltd. (C class, National Level)
  • Alpic Everest Finance Ltd. (C class, National Level) and
  • CMB 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)
  • Sambridhi Bikash Bank Ltd. (B class, National Level) and
  • Baibhav 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)
  • Shuvalaxmi Finance Ltd. (C class, National Level)
  • Nepal Consumer Development Bank Ltd.(B Class, 10 District 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)
  • Madyamanchal Grameen Bikas Bank Ltd. (D class, Regional Level),
  • Paschimanchal Grameen Bikas Bank Ltd. (D class, Regional Level),
  • Madya Paschimanchal Grameen Bikas Bank Ltd. (D class, Regional Level),
  • Sudur Paschimanchal Grameen Bikas Bank Ltd. (D class, Regional Level)
Nepal Grameen Bikas Bank Ltd. (D class, National Level) 2014/08/15 Merger

Source : Nepal Rastra Bank (Upto Mid July, 2015)