Prabhu Bank inks agreement to acquire Century Commercial Bank

KATHMANDU, August 1: Prabhu Bank is acquiring Century Commercial Bank (CCB), with both the entities signing a memorandum of understanding on Sunday.

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Prabhu Bank, Century Commercial Bank to merge

KATHMANDU: Prabhu Bank Limited and Century Commercial Bank are set to merge into one entity. An initial MoU was signed in a meeting of the joint merger committee of both banks in the presence of directors of both banks. The share swap ratio of the two banks has been agreed as 1:1. As per initial […]