KATHMANDU: Global IME Bank and Janata Bank will start a joint transaction from December 6. The banks are going for the joint transaction after Nepal Rastra Bank gave go-ahead for the merger.
After the merger, Global IME Bank will be the bank with the largest paid-up capital. The bank will have a paid-up capital of Rs 19 billion. Currently, paid-up capitals of Global IME Bank and Janata Bank stand at Rs 10.31 billion and Rs 8.08 billion respectively.
Global IME Bank’s paid-up capital will reach Rs 11.62 billion as it approved a 12.75 percent bonus from the profit made in 2018-19. Likewise, Janata Bank’s paid-up capital will reach Rs 8.48 billion with the proposal to provide a six percent bonus.
After the merger, Global IME Bank’s total capital will reach Rs 210 billion, total branches will reach 300 with two million customers.
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