February 24: Himalayan Bank Limited has successfully acquired Civil Bank Limited. After the acquisition, the two entities have started joint operation from February 24,2023(Friday).
Following the acquisition, the transaction will be carried out under “Himalayan Bank Limited”. Ashok Shumsher Rana is the Chief Executive Officer(CEO) of the bank.
Earlier, both the banks had reached a preliminary agreement to for acquisition on Ashad 29, 2079 BS.
After the acquisition, the Himalayan Bank ‘s total paid-up capital has reached Rs 34 billion. Likewise, total deposits have reached Rs 274 billion and total loans Rs 250 billion. The total branch network of the bank has reached 189.
Speaking at the inaugural ceremony of the joint transaction of the Himalayan and Civil Bank, CEO Ashok Shumsher Rana said that bank ranked in the seventh and sixth positions in terms of deposits and lending respectively.