NMB Bank-Bhrikuti Bikas-Pathibhara Bikas swap ratio for merger finalized at 10:8:8

ShareSansar, November 04:

Bhrikuti Bikas Bank and Pathibhara Bikas Bank Limited have settled for a swap ratio of 10:8 for the merger with NMB Bank Limited. As per this swap ratio, Bhrikuti and Pathibhara shareholders get 0.8 shares each of merged entities.

Earlier, as per the discussion of three companies in Nepal Rastra Bank, this swap ratio will be more or less final.

“This swap ratio will be more or less final but can’t be confirmed since DDA (Due Diligence Audit) process is going on. So there can be minor changes,” one of the staff told to sharesansar today.

As per their initial understanding, name of the merged entities will be NMB Bank Limited.

After the successful merger, capital base of banks will be Rs.3.61 arba whereas deposits and loan and advances will be Rs.33.61 arba and 25.57 arba repectively.