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<p>
Earlier, Om Development Bank was preparing for a merger with Prime Commercial Bank leading to a halt in its share trading for almost eight months.</p>
<p>
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May 17: NMB Bank Ltd has announced the acquisition of Om Development Bank. The bank said during a press conference in the capital on Thursday that it has signed a memorandum of understanding (MoU) with Om Development Bank for the acquisition.
NBM Bank’s promoter Pradeep Raj Pandey and Yogendra Lal Pradhan, promoter of Om Development Bank, signed the agreement on behalf of their respective organisations.
Speaking at the event, Sunil KC, CEO at NMB Bank, said the focus of the bank is not only to generate profit. “The bank is looking forward to contribute to the economic development of the nation,” he said, adding the bank will start joint transaction within the next two months.
Earlier, Om Development Bank was preparing for a merger with Prime Commercial Bank leading to a halt in its share trading for almost eight months.
After the acquisition, the total paid-up capital of the bank will be Rs 11.50 billion. The bank will operate through 163 branches and 120 ATM outlets.
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NBM Bank’s promoter Pradeep Raj Pandey and Yogendra Lal Pradhan, promoter of Om Development Bank, signed the agreement on behalf of their respective organisations.</p>
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Speaking at the event, Sunil KC, CEO at NMB Bank, said the focus of the bank is not only to generate profit. “The bank is looking forward to contribute to the economic development of the nation,” he said, adding the bank will start joint transaction within the next two months.</p>
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NBM Bank’s promoter Pradeep Raj Pandey and Yogendra Lal Pradhan, promoter of Om Development Bank, signed the agreement on behalf of their respective organisations.</p>
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Speaking at the event, Sunil KC, CEO at NMB Bank, said the focus of the bank is not only to generate profit. “The bank is looking forward to contribute to the economic development of the nation,” he said, adding the bank will start joint transaction within the next two months.</p>
<p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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'summary' => 'May 17: NMB Bank Ltd has announced the acquisition of Om Development Bank.',
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May 17: NMB Bank Ltd has announced the acquisition of Om Development Bank. The bank said during a press conference in the capital on Thursday that it has signed a memorandum of understanding (MoU) with Om Development Bank for the acquisition.</p>
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NBM Bank’s promoter Pradeep Raj Pandey and Yogendra Lal Pradhan, promoter of Om Development Bank, signed the agreement on behalf of their respective organisations.</p>
<p>
Speaking at the event, Sunil KC, CEO at NMB Bank, said the focus of the bank is not only to generate profit. “The bank is looking forward to contribute to the economic development of the nation,” he said, adding the bank will start joint transaction within the next two months.</p>
<p>
Earlier, Om Development Bank was preparing for a merger with Prime Commercial Bank leading to a halt in its share trading for almost eight months.</p>
<p>
After the acquisition, the total paid-up capital of the bank will be Rs 11.50 billion. The bank will operate through 163 branches and 120 ATM outlets. </p>
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[maximum depth reached]
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'title' => 'NMB Bank Announces Acquisition of OM Development Bank',
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'summary' => 'May 17: NMB Bank Ltd has announced the acquisition of Om Development Bank.',
'content' => '<p>
May 17: NMB Bank Ltd has announced the acquisition of Om Development Bank. The bank said during a press conference in the capital on Thursday that it has signed a memorandum of understanding (MoU) with Om Development Bank for the acquisition.</p>
<p>
NBM Bank’s promoter Pradeep Raj Pandey and Yogendra Lal Pradhan, promoter of Om Development Bank, signed the agreement on behalf of their respective organisations.</p>
<p>
Speaking at the event, Sunil KC, CEO at NMB Bank, said the focus of the bank is not only to generate profit. “The bank is looking forward to contribute to the economic development of the nation,” he said, adding the bank will start joint transaction within the next two months.</p>
<p>
Earlier, Om Development Bank was preparing for a merger with Prime Commercial Bank leading to a halt in its share trading for almost eight months.</p>
<p>
After the acquisition, the total paid-up capital of the bank will be Rs 11.50 billion. The bank will operate through 163 branches and 120 ATM outlets. </p>
<p>
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<p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
