7 July 2024, Kathmandu
In a significant move towards expanding financial services, Samata Gharelu Laghubitta Bittiya Sanstha and Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) have announced their merger, which will come into effect tomorrow.
Samata Gharelu Laghubitta Signs
The merger, approved on May 29 last year, brings together
Samata Gharelu Laghubitta Bittiya Sanstha, headquartered in Banepa-7, Kavrepalanchok, and Manakamana Smart Microfinance, headquartered in Siddharth Nagar-5, Rupandehi.
The newly formed entity will have its central office located at Banepa-7 in Kavre.
To facilitate the data migration necessary for the merger, all banking transactions from both companies will be temporarily suspended starting June 23, as stated by the company.
This strategic merger is expected to enhance the financial capabilities and service offerings of the integrated business, providing improved financial solutions to their customers.
The merger aims to streamline operations, optimize resources, and deliver greater value to stakeholders and clients.
The collaboration marks a significant milestone in the financial sector, promising to leverage the strengths of both institutions to foster growth and innovation.
Customers can look forward to a seamless transition and enhanced service quality as the integration process is completed.
For more: Samata Gharelu Laghubitta Signs
About Manakamana Smart Laghubitta Bittiya Sanstha Limited
Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB), with its central office at Siddharthanagar Municipality Ward No. 5, Maitripath Bhairahawa , Rupandehi, is a public limited company. It is duely registered under Company Act 2063 at the Office of Company Registrar, Kathmandu, on June 25, 2074, and licensed by Nepal Rastra Bank on 2074/10/02 B.S. to operate financial services as a “D” class microfinance institution. MKLB has started its financial operation on 2074/11/06., beginning at the Bhairahawa Branch in Rupandehi.
