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What is the credit rating of Himalayan Bank?

Rating Action CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of “CARE-NP A (Is) [Single A (Issuer)]” assigned to Himalayan Bank Limited (HBL). Issuers with this rating are considered to offer adequate degree of safety regarding timely servicing of financial obligations, in Nepal.

KATHMANDU, Jan 30: Nepal Rastra Bank (NRB) has given final approval for unification of Himalayan Bank Limited (HBL) and Civil Bank Limited (CBL). ing to the NRB officials, the NRB board meeting held last week gave the go ahead for the acquisition process of these two commercial banks.

Ashoke SJB Rana, Chief Executive Officer, Himalayan Bank Ltd.

225.00 SymbolHBLCompany NameHimalayan Bank LimitedSectorCommercial BanksListed Shares140,062,237.83Paidup Value100.001 more row

As per the new agreement signed on Thursday, the chairperson of Nepal Investment Bank Prithvi Bahadur Pandey will keep his post in the new bank jointly named Himalayan and Nepal Investment Bank. The CEO of Himalayan Bank Ashok Rana will also retain his title.

It will be named Himalayan Bank Limited while the current board members of HBL will be retained in the new organization. Following the unification, the joint organization will have a paid-up capital of Rs 21.65 billion. It will be providing its services from 189 branches spread across the country.

Following the failed attempt, NIB approached Mega Bank and signed a memorandum of understanding (MoU) on June 10, 2022, agreeing on a swap ratio of 100:90 and that the entity formed after the merger will use the core banking system of NIB.

Call Us: +977 - 1 – 4245979. 01-4245980.

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