Bishwa Bikas SGM approves merger with Fewa Finance
Mon, May 25, 2015 12:00 AM on Others,
ShareSansar May 25:
The Special General Meeting of Bishwa Bikas Bank Limited was held on Jestha 8 in Pokhara under the chairmanship of the chairman of BOD Jagan Bahadur Gurung.
The SGM has passed the special agenda of merging Fewa Finance with Bishwo Bikas Bank. The merger of these two companies would lead to the creation of a national level development bank, a press release issued by the bank said.
The total paid up capital of the new entity after the merger will be Rs 81 crore, 62 lakhs and 15 thousand, deposits Rs 9 arba and loans Rs 8 arba, respectively.
After the merger, the current chairman and CEO of Bishwo Bikas Bank will take over the posts in the new entity.
