Pokhara Finance to Merge with Malak-Based Commercial Bank

Admin CDSC January 15, 2025 7:03 am

Pokhara Finance Limited, headquartered in Pokhara, has started the process of merging with a leading commercial bank in Malak. The merger aims to improve financial services for customers and provide better returns to shareholders. Specific details of the agreement are yet to be revealed as discussions continue.

About Pokhara Finance Limited:

Established in 2053, the company has established itself as a trusted financial institution in the Pokhara region.
It operates through 25 branch offices in various districts, including Kaski, Chitwan, Gorkha, and Kathmandu, ensuring wide accessibility for its customers.

Financial Highlights:

Repayment: Rs. 1.8 Arba
Deposits: Rs. 11 Arba
Loans: Exceeding Rs. 8 Arba

The planned merger reflects Pokhara Finance’s commitment to scaling its operations and offering enhanced financial solutions to meet evolving market demands. Further updates are awaited as discussions progress.