Civil Bank
Limited has started joint operation from Sunday after it acquired Hama Merchant
and Finance Company Limited and Unique Finance Company Limited.
Governor of the
Nepal Chiranjibi Nepal
After the
acquisition, paid up capital of Civil Bank has reached Rs. 5.18 billion,
deposit Rs. 34.97 billion and loan mobilization Rs. 31.22 billion.
Likewise, the
bank’s branch network has reached 53.
Bank’s acting
chief executive officer Govinda Gurung stated that the acquisition of the two
organisations would enhance the business capacity of the bank, enabling it to
invest further in infrastructural and industrial projects.
“The bank is
operating with the latest technology – T24 banking softwar, and will continue
to introduce new an customer-centric services in the upcoming days,” said
Gurung.
Bank’s 6th
Annual General Meeting had decided to issue 40 per cent right shares in order
to fulfill the paid up capital requirement of Rs. 8 billion.
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