KATHMANDU, JANUARY 14 : Nepali Share Market recently HBL-NIBL merger issue title closed finally.   There proposed merger of Himalayan Bank Limited (HBL) and Nepal Investment Bank Limited (NIB) has halted as the former’s shareholders rejected the proposal, on Friday.  The Due Diligence Audit (DDA) had suggested a swap ratio of 1: 1 for the merger between Himalayan Bank and Nepal Investment Bank Limited.

As the banks had already signed a Memorandum of Understanding (MoU) to go into a merger in fail . The actualization of the merger between the two would have made it the biggest commercial bank in the history of the Nepali banking industry in terms of paid-up capital. Which had officially paved the way to complete formalities before the process of the start of joint operation, the exchange had halted the trading of Nepal Investment Bank Ltd. (NIB) and Himalayan Bank Ltd. (HBL) in the share market.

The proposal to merge the two large ‘A category’ commercial banks had been announced in May of 2021.