After merger, trading of Triveni Bikas Bank is set to start at NEPSE today
Sun, Aug 16, 2015 12:00 AM on Others,
Sharesansar, August 16:
After the completion of successful merger of Triveni Bikas Bank Ltd. (TBBL), Public Development Bank Ltd. (PDB) and Bright Development Bank Ltd. (BRTBL), the newly formed entities named Triveni Bikas Bank is all set to start trading in NEPSE from today.
Triveni Development Bank Ltd (TBBL) of Chitwan, Bright Development Bank Ltd of Kavre and Public Development Bank Ltd of Parsa has already started operation as Triveni Bikas Bank Ltd (TBBL) from TBBL's Bharatpur-based central office.
Following the merger, TBBL has paid-up capital of Rs 740 million. Likewise, its total deposit and loan mobilizations stand at Rs 6.42 billion and Rs 5.6 billion, respectively.
Lanka Bahadur KC, chairman of TBBL, said the merged entity has 20 branches offices, two extension counters, six limited banking units and 3 ATM outlets. He also said that the bank will soon open its corporate office in Kathmandu and open three more branch offices in the near future.
Similarly, Sagar Ghimire, CEO of TBBL, said the bank has 90,000 clients, 7,000 borrowers and 209 staff members.
The swap ratio has been fixed at 1.04: 0.95: 0.95 for Triveni, Public and Bright Bikas Bank shareholders.
The last traded price of TBBL in NEPSE as on 1st July stood Rs 266 per share.
