International Development Bank to go public
Thu, Jul 7, 2011 12:00 AM on IPO/FPO News,
KATHMANDU:
International Development Bank (IDB) has appointed Citizen Investment Trust (CIT) and NCM Merchant Banking as the issue managers for its Initial Public Offering (IPO). The class 'B' financial institution will be issuing 1.92 million units of ordinary shares worth Rs 192 million. The bank that operates from 14 branches has deposits worth Rs 3.81 billion and has floated loans worth RS 3.36 billion by the third quarter of the current fiscal year.
Source: ThT
International Development Bank (IDB) has appointed Citizen Investment Trust (CIT) and NCM Merchant Banking as the issue managers for its Initial Public Offering (IPO). The class 'B' financial institution will be issuing 1.92 million units of ordinary shares worth Rs 192 million. The bank that operates from 14 branches has deposits worth Rs 3.81 billion and has floated loans worth RS 3.36 billion by the third quarter of the current fiscal year.
Source: ThT
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