Nepal Rastra Bank provides Letter Of Intent to NMB Bank for the process of merger with Om Development Bank

Mon, Jun 24, 2019 1:19 PM on Latest, NEPSE News,
Nepal Rast...

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the finalization of merger process between NMB Bank Limited (NMB) and Om Development Bank Limited (ODBL).

As per the notice, NMB has informed NEPSE regarding the Letter of Intent (LOI) received from Nepal Rastra Bank (NRB) for the process of merger between NMB and ODBL.

After the merger, the joint paid-up capital and reserves & surplus will stand at Rs 20 arba 42 crore. Similarly, the deposits will stands at Rs 1 kharba 19 arba and the loans and advances will stands at Rs 1 kharba 13 arba.