Pokhara Finance Limited and Samriddhi Finance Company Limited have successfully completed their merger process and started integrated business operations under the name of Pokhara Finance Limited.
On Friday, the integrated operations of Pokhara Finance Limited formally began after completing the merger process with Samriddhi Finance Company Limited. The joint operations was inaugurated by Ramu Paudel and Bishrut Thapa, who are Executive Directors at Nepal Rastra Bank’s Regulation Departments.
Welcomes and Wishes from Financial Leaders
During the special ceremony, Raj Kumar Gurung, who is the outgoing Chairman of Pokhara Finance, welcomed everyone. He spoke about why this merger was necessary and how it will benefit the institution. Many leaders from banking sector also attended the event to share their good wishes.
Leaders like Ram Bahadur Yadav from Nepal Microfinance Bankers’ Association, Rajoj Man Shrestha from Nepal Financial Institutions Association, Suyog Shrestha from Development Bankers Association, Santosh Koirala from Nepal Bankers’ Association, and Prachanda Bahadur Shrestha from Confederation of Banks and Financial Institutions congratulated both companies for completing the merger successfully.
Support from Regulators and Future Goals
The chief guests, Ramu Paudel and Bishrut Thapa, promised that Nepal Rastra Bank will always support such mergers. They said the regulatory body will keep guiding financial institutions in the future too.
Ajay Kumar Mishra, the Chairman of Pokhara Finance, said that the institution has become much bigger and stronger after merging. He promised to make corporate governance even better and establish the company as a very strong financial institution. He also thanked everyone who helped make this merger possible.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
