Gandaki & Fewa Bikas Bank trading suspended in Nepse following merger process

Trading of Gandaki Bikas Bank Limited (GDBL) and Fewa Bikas Bank Limited (FBBL) has been suspended from today in Nepal Stock Exchange Limited (NEPSE) for the merger process. Gandaki and Fewa Bikas Bank signed an agreement following the merger process. At present, Gandaki Bikas Bank has paid up capital of Rs 53.85 crore. The bank has earned net profit of Rs 13.12 crore in fourth quarter of last fiscal year 2072/73. Likewise, Fewa Bikas Bank has a paid up capital of Rs 99.50 crore. The bank earned net profit of Rs 30 crore in fourth quarter of the last fiscal year 2072/73.