Civil Bank proposes 20% right share after acquisition of Unique & Hama Merchant Finance

Civil Bank Limited (CBL) has proposed to issue 10:2 (20%) right share to its shareholders. As per the notice published in Nepal Stock Exchange Limited (NEPSE) today, the BOD meeting of the company held on Falgun 22, 2073 has decided to propose 20% right share after acquisition of Unique Finance Ltd. and Hama Merchant and Finance Ltd. and after the bonus share issuance to its shareholders. The decision is subjected to approval from concerned authorities and the bank’s upcoming AGM. Civil Bank is under process of acquiring Unique Finance Limited and Hama Merchant and Finance Limited. Civil Bank had earned net profit of Rs. 17.14 crore in the second quarter of the current fiscal year 2073/74. Its paid up capital stands at Rs 4.58 arba.