Commerz and Trust's AGM on March 3 to endorse merger with Global IME

Mon, Feb 10, 2014 12:00 AM on AGM/Special AGM,

ShareSansar, February 10:

Commerz and Trust Bank Nepal Limited has announced its Annual General Meeting on March 3 to formally endorse the merger with Global IME Bank by approving, inter alias, the swap ratio as per the DDA.

The third AGM of the commercial bank to be organized at the city hall of Kathmandu will also approve of 2 percent bonus shares to its shareholders from the net profit it earned in the last fiscal year 2069/70.

Commerz and Trust had posted a net profit of Rs 5.86 crore in the last fiscal year.