Siddhartha Dev.Bank trading resumes from today; Successful merger with Ekata Bikas Bank & Nepal Aawas Finance

Siddhartha Development Bank Limited (SDBL) has resumed its trading in Nepal Stock Exchange Limited (NEPSE) from today (Shrawan 30, 2073). The trading of the bank was halted due to the merger process with Nepal Aawas Finance Limited and Ekata Bikas Bank Limited (EKBL). The trading of the Siddhartha Development Bank has resumed after the successful merger with Nepal Aawas Finance and Ekata Bikas Bank. The bank has commenced joint operation from today as Siddhartha Development Bank. The paid up capital of Siddhartha Development Bank stands at Rs 1.14 arba. It had earned net profit of Rs 33.13 crore in the fourth quarter of the fiscal year 2072/73. Before the merger process, Siddhartha Development Bank last traded price (LTP) stood at Rs 283 as on September 7, 2015.