Trading of Mahalaxmi Bikas Bank resumes today after merger with Yeti Development Bank

Trading of Mahalaxmi Bikas Bank Limited (MLBL) has been resumed in Nepal Stock Exchange (NEPSE) from today after successful merger with Yeti Development Bank Limited. Their joint operation had resumed from Ashad 18 , 2074 with the name of “Mahalaxmi Bikas Bank Limited”. The share swap ratio for the merger of both banks was fixed at 1:1. Mahalaxmi Bikas Bank has earned net profit of Rs 70.91 crore in the fourth quarter of the fiscal year 2073/74 as per unaudited report. Its paid up capital stand at Rs 2.63 arba.