Nabil is preparing to sign a merger agreement with three banks

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Kathmandu. Nabil Bank Limited, a blue-chip company in the secondary market, is preparing to merge three banks and financial institutions at once after a long homework.

Bank is preparing to acquire one commercial bank, one national level development bank and another finance company.
According to sources close to Chaudhary Group, which has a large investment in Nabil Bank, Nabil is trying to acquire Nepal Bangladesh Bank, Garima Development Bank and United Finance.

Nabil has tried to make this issue public as a 'surprise' as only the limited operators of all the three banks have been informed.
According to reliable sources, Nabil wanted to sign a preliminary memorandum of understanding (MoU) with Nepal Bangladesh Bank and United Finance by the end of April. However, the date of the agreement has been postponed due to disagreement over the share swap ratio of the two companies.

After the merger of Garima Development Bank with these two institutions has progressed positively, Nabil is preparing to acquire all the three institutions within the second week of April after waiting for some time.
Nabil has already paid Rs 30 to Nepal Bangladesh Bank. However, Bangladesh Bank does not want to be included in the price. Nabil is sure to give Rs 35 to United Finance. Bangladesh Bank has taken a stand that if United Finance gets Rs 35, it should get Rs 5 more than that. This means that Bangladesh Bank has asked for a price of Rs 40. Sources claim that Nabil has finally started preparations to give up to Rs 35 to Bangladesh Bank. After giving Rs 35 (same price) to Bangladesh Bank and United Finance, preparations are being made to merge Garima Development Bank at the same price.This issue has been discussed in the merger committee formed by Nabil Bank. Manoj Gyawali, member secretary of the merger committee formed by Navil Bank and DGM of Navil, has already had a one-on-one talk with the directors of Garima Development Bank. Garima has briefed the Chaudhary Group saying that they have indicated that they are ready to merge with Navil even though they have replied that they will not merge with any bank in the first phase. Gyawali is the most trusted member of the Chaudhary Group in Nabil Bank.

"Looking at the situation so far, there is a strong possibility that MoU will be signed by all the three companies," a member of the Chaudhary Group told Bimapatrika.
Meanwhile, Nabil Bank has also moved ahead with the merger with NCC Bank. Discussions on the merger, which is said to have moved forward, were postponed for some time after Vinod Chaudhary was seen buying shares of NCC in large quantities. If NCC also wants to come, Nabil plans to merge all four institutions together to become the largest bank in the country.

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