Trading of Nepal Credit and Commerce Bank resumes after merger; price adjusted to Rs 313 for 16% bonus share

Trading of Nepal Credit and Commerce Bank Limited (NCCB) has now resumed in NEPSE after its merger with Infrastructure Development Bank, Apex Development Bank, Supreme Development Bank and International Development Bank. Its last traded price before merger stood at Rs 344 on November 26, 2015 and had distributed 16% bonus share for the FY 2071/72. After the adjustment of bonus shares, its price has been adjusted to Rs 313. NCCB has earned Rs 7.76 crore in the second quarter of the fiscal year 2073/74 as per its unaudited report. Its paid up capital after merger with 4 banks stands at Rs 4.67 arba.