Commerz and Trust's last AGM today to endorse the merger with Global IME Bank

Mon, Mar 3, 2014 12:00 AM on AGM/Special AGM,

ShareSansar, March 3:

Commerz and Trust Bank Nepal Limited is holding its last Annual General Meeting  today to formally endorse the merger with Global IME Bank by approving, inter alias, the swap ratio as per the DDA.

The third and the final AGM of the commercial bank being held at the City Hall of Kathmandu is also approving 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.

A few days back Global IME had also held its AGM to formally endorse the merger.

The two commercial banks have already inked the final the merger deal at 100:65 swap ratio.