Grameen Bikash Laghubitta Bittiya Sanstha Limited and Samaj Laghubitta Bittiya Sanstha Limited are set to merge and commence integrated operations from Kartik 2, 2082. Both companies, licensed as Class “Gha” financial institutions by Nepal Rastra Bank, will operate under the name Grameen Bikash Laghubitta Bittiya Sanstha Limited after the merger.
Prior to the merger, Grameen Bikash’s head office was located in Butwal, Rupandehi, while Samaj Laghubitta operated from Malangwa, Sarlahi. Following the merger, the principal office will be in Butwal.
The companies have informed customers that all banking operations will remain closed on Kartik 1, 2082, to facilitate the integration of their banking software. Nepal Rastra Bank granted final approval for the merger on Asoj 23, 2082.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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