Jyoti Bikas Bank trading resumes from today; Successful merger with Jhimruk Bikas Bank

Jyoti Bikas Bank Limited (JBBL) has resumed its trading in Nepal Stock Exchange Limited (NEPSE) from today (Ashwin 11, 2073). The trading of the bank was halted due to the merger process with Jhimruk Bikas Bank Limited (JHBL). The trading of the Jyoti BIkas Bank has resumed after the successful merger with Jhimruk Bikas Bank. The bank has commenced joint transaction from Shrawan 28, 2073 as Jyoti Bikas Bank. The paid up capital of Jyoti Bikas Bank stand at Rs 92.34 crore. It had earned net profit of Rs 15.21 crore in the fourth quarter of the fiscal year 2072/73. Before the merger process, Jyoti BIkas Bank last traded price (LTP) stood at Rs 169 as on November 26, 2015. Earlier on  23 Shrawan 2073, Hamro Bikas Bank had cancelled its merger with Jyoti Bikas Bank and Jhimruk Bikas Bank. The three development banks had signed agreement for merger with each other on Mangsir 12, 2072.