Civil Bank trading resumes from today; trading started from Rs 255 in Nepse

Civil Bank Limited (CBL) has resumed its trading in Nepal Stock Exchange Limited (NEPSE) from today (Kartik 9, 2073). The trading of the bank was halted due to the merger process with International Leasing & Finance Company Limited (ILFC). The trading of the Civil Bank has resumed after the successful merger with ILFC. The bank had commenced joint operation from Kartik 1, 2073 as Civil Bank Limited. The trading of the scrip opened at Rs 255. The share swap ratio of Civil: International Leasing & Finance for the merger was fixed at 1:0.74.72. Investors having 100 units shares of Civil Bank  will get 100 units shares of Civil Bank and investors having 100 units shares of ILFC will get 74.72 units shares of Civil Bank The paid up capital of Civil Bank stands at Rs 3.08 arba. It had earned net profit of Rs 33.66 crore in the fourth quarter of the fiscal year 2072/73. The paid up capital of International Leasing and Finance stands at Rs 2 arba. The bank had earned net profit of Rs 12.48 crore in the fourth quarter of the fiscal year 2072/73. Before the merger process, Civil Bank Last Traded Price (LTP) stood at Rs 255 as on January 26, 2016. Recently, Civil Bank had also signed Memorandum of Understanding (MOU) for the acquisition process with Unique Finance and Hama Merchant & Finance.