International Dev.  Bank SGM approved merger with five BFIs; swap ratio with NCC fixed at 1:0.73

International Development Bank Limited (INDBL) has successfully conducted its Special General Meeting (SGM) today. The SGM has approved merger process with Apex Development Bank Limited (APEX), Nepal Credit and Commerce Bank Limited (NCCB) , Kumari Bank Limited (KBL), Infrastructure Development Bank Limited (IDBL) ,  and Supreme Development Bank Limited (SUPREME). The SGM has fixed share swap ratio of International Development Bank and Nepal Credit and Commerce Bank Limited at 1:0.73. International Development Bank has earned a net profit of Rs 5.6 crore for the third quarter of the fiscal year 2072/73.