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NIBL acquires Ace

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NIBL acquires Ace
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July 13: Nepal Investment Bank Limited has started integrated transaction service from July 13 after acquiring ACE Development Bank. After acquiring ACE on the swap ratio of 100:41, the paid-up capital of NIBL has reached Rs 9.24 billion. Similarly, the bank’s deposits have totaled Rs 124 billion while its extension of loans has reached to Rs 107 billion. 

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