Mega Bank Nepal Limited

Nepal Investment Bank Limited (NIBL), established in 1986 as a joint venture between Nepalese and French partners was initially named Nepal Indosuez Bank Ltd. The French partner holding 50% of the capital of Nepal Indosuez Bank Ltd. was Credit Agricole Indosuez, a subsidiary of one of the largest banking group in the world. Later in 2002, a group of Nepalese companies comprising of bankers, professionals, industrialists and businessmen acquired the 50% shareholding of Credit Agricole Indosuez in Nepal Indosuez Bank Ltd. and accordingly named the bank; Nepal Investment Bank Ltd. (NIBL). After 36 successful years of operation a new phase beckoned for NIBL. Following Nepal Rastra Banks (NRB) policy to reduce the number of commercial banks across the country, Nepal Investment Bank Ltd. signed a Memorandum of Understanding (MoU) with Mega Bank Nepal Ltd. to enter into a merger on June 10th 2022. Mega Bank Nepal Ltd. started its operations on July 23rd 2010 and had completed 12 years of...