KATHMANDU: Nabil Bank is set to acquire Nepal Bangladesh Bank (NBB). A letter of agreement on acquisition was signed on Thursday.

As per agreement, NBB’s 100 points of share would be equalized to 43 points of share of Nabil Bank. General Manager of Nabil Bank Manoj Gyawali informed that letter of agreement on acquisition was signed in Lalitpur on Thursday.

Uday Krishna Upadhyay and Indra Bahadur Thapa signed the agreement representing Nabil Bank and NBB, respectively.

Nepal Rastra Bank would be informed about the agreement on Friday.

Nabil Bank is acquiring the NBB by implementing the policy forwarded by the central bank. Earlier, Globe IME Bank had acquired Janata Bank.