Feb 24, Kathmandu- The integrated business of Himalayan Bank and Civil Bank has started from today.

After acquiring Himalayan Bank and Civil Bank, an integrated business was started under the name Himalayan Bank. The general meeting held on January 12 of both banks passed the resolution regarding the acquisition. Himalayan Bank acquired Civil Bank in a ratio of 100:80.28.

If a shareholder of Himalayan Bank holds 100 shares, there will be no change in the number of his shares. Now those who have 100 shares of Civil Bank will reduce to 80.28 shares. Thus, the merger took place in the ratio of 80.28 shares of Civil Bank equal to 100 shares of Himalayan Bank.

According to the bank, the registered office of the bank that will be formed after the acquisition will be located in Kathmandu Ward No. 28 Kamaladi. Currently, the paid-up capital of Himalayan Bank is 14 billion and the paid-up capital of Civil Bank is 9.7 billion. The paid-up capital of the bank formed after the acquisition will reach 22 billion 24 million rupees.