January 23: Sunrise Bank signed an agreement to acquire Srijana Finance on Wednesday (January 22).
Following the agreement, a specialist for evaluating the assets and liabilities will be now be appointed. The specialist will prepare a report regarding the same and further decisions will be made by a joint committee based on the report.
According to a press release issued by the bank, the share valuation will approved by the board of directors and the annual general meetings of both the institutions. The shareholders of Srijana Finance will then be provided shares of Sunrise Bank as per the approved valuation.