Share swap ratio of Bank of Kathmandu and Global IME Bank will be same
Kathmandu: The share swap ratio (share exchange ratio) of Global IME Bank and Bank of Kathmandu, which is in the process of merger, will remain the same.
The meeting of the Board of Directors of Bank of Kathmandu (BOK) has decided to make the swap ratio 1:1. This means that it has been decided that the share exchange ratio of Bank of Kathmandu and Global IME will be 100 shares of BOK equal to 100 shares of Global IME. These two banks had entered into an agreement to merge on 02nd Ashar.
After the merger of the two banks, the name of the new bank will be Global IME BOK Bank. It has been agreed that Global’s Ratnaraj Bajracharya will continue as the new bank’s chief executive, while BOK’s Shravan Maske will be in the next position.
A merger was agreed between the two banks on equal terms. But now BOK’s owner has given the decision of share swap ratio to Nepal Stock Exchange.
After the merger, the capital of this bank will reach 34 billion rupees.
