Kathmandu, June 16
Global IME Bank and Bank of Kathmandu agreed to merge. Going on merger, trading in shares of Global IME Bank and Bank of Kathmandu has been suspended.
Trading in shares of both the banks has been halted after the two banks reached an agreement to merge. The two banks have agreed to merge in the ratio of 1: 1.
The agreement has been signed by Global IME Bank Chairman Chandra Dhakal and BOK Chairman Prakash Shrestha. Both the banks have written a letter to Nepse today requesting to stop the share trading of both the banks as a preliminary agreement (MoU) has been signed for the merger.