Hamro Bikas Bank trading resumes from today; merger cancelled with Jyoti & Jhimruk Bikas Bank

Trading of Hamro Bikas Bank Limited (HAMRO) has resumed in Nepal Stock Exchange from today (Shrawan 23, 2073). The trading of Hamro Bikas Bank has resumed after the cancellation of merger process with Jyoti Bikas Bank Limited (JBBL) and Jhimruk Bikas Bank Limited (JHBL). The three development banks had signed agreement for merger with each other on Mangsir, 2072. Trading of the trio has been on halt from Mangsir 12, 2072 in NEPSE. The paid up capital of Hamro , Jyoti and Jhimruk Bikas Bank stands at Rs 12 crore,  Rs 92.34 crore and Rs 5.97 crore respectively.