SGM of NMB Bank provides a green signal for the acquisition of Kanchan Development Bank in swap ratio of 100:85; regional bank to bring strong banking business from Sudurpaschim province
Mon, Jul 6, 2020 7:12 AM on AGM/Special AGM, Latest,
NMB Bank has concluded its SGM successfully on Ashad 21, 2077 which has approved the acquisition of Kanchan Development Bank in a share swap ratio of 100:85.
Following the acquisition of the regional level development bank with strong holding in Sudurpashim province, the bank will have a paid-up value of Rs 14.45 Arba, a reserve of Rs 7.05 Arba, 184 branches, 8 extension counters, as per the statement.
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