The International Finance Investment and Commerce Bank Limited (IFIC Bank Limited) has decided to sell its entire ownership of Nepal Bangladesh Bank.

The bank has published a notice unveiling that its entire stake will be sold to Sarika Chaudhary, wife of Binod Chaudhary, for Rs. 6,187,007,568.

The decision is subject to the approval of Nepal Rastra Bank and other regulatory authorities.

Previously Covered on the Topic:

The Kathmandu District Court had previously ordered to stop the process of buying 41 percent shares of Nepal Bangladesh Bank owned by IFIC Bank for the time being.

Nepal Bangladesh Bank Limited is a joint venture commercial bank between IFIC…

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