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Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; Nepali: राष्ट्रिय वाणिज्य बैंक) is fully government owned, and the largest commercial bank in Nepal. [1] [2] RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act.
Mega Bank Nepal: 2023 Merged with Nepal Investment Bank and renamed as Nepal Investment Mega Bank [10] Nepal Bangladesh Bank: 2022 Acquired by Nabil Bank [11] Nepal Credit & Commerce Bank 2023 Merged with Kumari Bank [12] Civil Bank 2023 Acquired by Himalayan Bank [13] Sunrise Bank 2023 Merged with Laxmi Bank and renamed as Laxmi Sunrise Bank [14]
In December 2005, MKB Bank acquired 60% of Unionbank's capital and renamed it to MKB Unionbank in May 2006. [citation needed] In September 2009, MKB Bank increased its percentage in the share capital of MKB Unionbank with 34% to 94% by buying all shares of Boras OOD. [1] In July 2012 Fitch has confirmed MKB Unionbank's long-term credit rating ...
Nepal Rastra Bank head office located in Baluwatar, Kathmandu. The Nepal Rastra Bank (NRB; Nepali: नेपाल राष्ट्र बैंक) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector.
Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. [2] UnionBank is a joint consortium among the Aboitiz Group, Insular Life, and Social Security System. It started operations in 1981 and became a commercial bank on January ...
In June 2002, Union Bank acquired 10 branches of Emirates Bank in Pakistan for $18 million. [2] In 2006, Standard Chartered Bank acquired 81% of Union Bank's shares for US$413 million. Under Pakistani law, it had to delist Union Bank and make an offer for the outstanding shares; the offer raised the total purchase price to about US$511.
Union Bank & Trust Company is a privately owned, state chartered commercial bank headquartered in Lincoln, Nebraska. The bank was founded on February 28, 1917, under the name Farmer's State Bank . The name was changed to Union Bank in 1935, then to its current name in 1959 with the addition of trust powers. [ 1 ]