Pokhara Finance Limited and Samriddhi Finance Company Limited have successfully completed their merger process. The joint operations of the newly merged entity will commence under the name of Pokhara Finance Limited starting from Friday, Asar 26.
Both financial institutions have successfully received all necessary approvals required for the merger from Nepal Rastra Bank, the Office of the Company Registrar, and the Securities Board of Nepal. Following the merger, Pokhara Finance will assume all assets, liabilities, loans, and other financial obligations of Samriddhi Finance.
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Head Office and System Migration
The central office of the integrated institution will be located in Putalisadak, Kathmandu Metropolitan City, Ward Number 28. To facilitate the migration to the new integrated banking system, both finance companies will temporarily suspend all banking services on Asar 25.
Regular financial services will resume under the new integrated system on Asar 26. The management has apologized to its customers, shareholders, and other stakeholders for any temporary inconvenience caused during this system transition period.