Bank of Kathmandu Lumbini trading resumes from today after successful merger with Lumbini Bank; Trading starts from Rs 464

Bank of Kathmandu Lumbini Limited (BOKL) has resumed its trading in Nepal Stock Exchange Limited (NEPSE) from today (Ashwin 12, 2073). The trading of the bank was halted due to the merger process with Lumbini Bank Limited. Bank of Kathmandu had distributed 26% bonus share to its shareholders and the adjusted price of the bank after bonus share is at Rs 464. Now, the trading will start from Rs 464. The trading of the Bank of Kathmandu Lumbini has resumed after the successful merger with Lumbini Bank. The bank had commenced joint operation from Ashad 30, 2073 as Bank of Kathmandu Lumbini Limited. The share swap ratio of Bank of Kathmandu and Lumbini Bank was fixed at 1:0.8281. The paid up capital of Bank of Kathmandu Lumbini stands at Rs 4.57 arba as per unaudited report. It had earned net profit of Rs 75.81crore in the fourth quarter of the fiscal year 2072/73. Before the merger process, Bank of Kathmandu’s last traded price (LTP) stood at Rs 585 as on December 24, 2015.