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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]
Nepal Bank Limited (Nepali: नेपाल बैंक लिमिटेड) is the first commercial bank of Nepal. It was established in 1937, by Juddha Shumsher , which marked the beginning of an era of formal banking in Nepal .
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.
Century Commercial Bank Limited [3] was a commercial bank in Nepal. The bank was an ‘A’ class commercial bank licensed by Nepal Rastra Bank [4] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. But now it's merged with Prabhu bank Limited in January 2023.
The company traces it roots to The Bank of California founded in 1864. It became Bancal Tri-State Corporation in 1972, UnionBanCal Corporation in 1996, and MUFG Americas Holdings Corporation in 2014. [2] In December 2022, its sold its consumer banking subsidiary, MUFG Union Bank, to U.S. Bancorp.
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.
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 ...