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Siddhartha Bank closes Business Universal Development Bank deal
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SiddharthaBank Ltd. has closed its merger with Business Universal DevelopmentBank.
The merged bank has 69 branches, 65 branchless bankinglocations and 81 ATMs, according to a June 21 statement. The paid-up capital ofthe bank is 3.02 billion Nepalese rupees.
As of June 22, US$1was equivalent to 107.92 Nepalese rupees.