Kamana Bank and Kaski Finance to Start Joint Transaction

June 16: Kamana Bikas Bank (KBB) and Kaski Finance Limited (KFL) are going to start the joint transaction from June 20. The transaction will be started in the name of Kamana Bikas Bank after the merger.

“The joint transaction will be inaugurated by the Governor of Nepal Rastra Bank, Chiranjibi Nepal,” informs the bank in a press statement. According to the bank, the merger bank will have Rs 661.6 million paid-up capitals, Rs 7 billion deposits and loans of around Rs 6 billion. “After the merger, the bank will provide its services through 21 branches and six ATMs,” said Toya Raj Adhikari, CEO of KFL.

The merged entity will have Rajendra Nidhi Koirala as Chairman, Toya Raj Adhikari as CEO and Umesh Kumar Acharya as Deputy-CEO, informs the bank.