KATHMANDU: Nepal Investment Bank Ltd (NIBL) has commenced consolidated operations between itself and City Express Finance Company Ltd (CEFCL) from Sunday.
The joint operations will be carried out from three branches — Ghantaghar, Birtamod and Gaighat, as per a media release.
NIBL had acquired CEFCL with swap ratio of 100:30.
NIBL now has 86 branches, 128 ATMs, 20 extension counters, 10 revenue collection counters and 59 branchless banking counters.
Written by Sandeep Sen
This news first appeared on https://thehimalayantimes.com/business/nibl-cefcl-joint-operations-begin/ under the title “NIBL-CEFCL joint operations begin”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.