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Started 1 week ago · Updated 1 week ago

Machhapuchchhre Bank Limited to Close Eight Branches as Part of Restructuring

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Machhapuchchhre Bank Limited has announced a significant organizational restructuring plan that includes the permanent closure of eight branches across Nepal, effective Shrawan 18, 2083. This strategic move, approved by the board of directors, aims to reduce redundant physical footprints, optimize resource utilization, and enhance overall operational efficiency.

  • The restructuring is designed to lower real estate lease liabilities, optimize human resource placement, and reduce daily operational costs.
  • The decision reflects a broader trend in the Nepalese financial sector prioritizing digital expansion and lean physical management.
  • Specific branch consolidations include the Hakim Chowk Branch being absorbed into the Narayangadh Branch in Chitwan district.
  • In Bagmati Province, the Balaju Branch will merge into the Gongabu Branch, and the Khusibu Branch will also be consolidated.

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Bagmati province Nepal Rastra Bank Chitwan Kathmandu Valley Machhapuchchhre Bank Limited

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