Vibor Society resumes trading from today

Vibor Society Development Bank Limited has resumed its trading in Nepal Stock Exchange Limited (NEPSE) from today (Kartik 11, 2073). The trading of the bank was halted due to the merger process with Society Development Bank Limited. The trading of the Vibor Bikas Bank has resumed after the successful merger with Society Development Bank. The development banks had commenced joint operation from Bhadra 17, 2073 as Vibor Society Development Bank Limited. The share swap ratio of both banks was fixed at 1:1. The paid up capital of Vibor Bikas Bank stands at Rs 91.70 crore. It had earned net profit of Rs 8.86 crore in the fourth quarter of the fiscal year 2072/73. The paid up capital of Society Development Bank stands at Rs 89.79 crore. The bank had earned net profit of Rs 20.05 crore in the fourth quarter of the fiscal year 2072/73. Before the merger process, Vibor Bikas Bank Last Traded Price (LTP) stood at Rs 155 as on January 26, 2016.