KATHMANDU: Nabil Bank and Nepal Bangladesh Bank are starting integrated transactions on July 11.
Integrated transactions will be conducted under the name of Nabil Bank.
The meeting of the two banks held on May 21 had passed the acquisition proposal. The central bank had given final approval for the integrated transactions on June 29, last week.
Both the general body meetings approved a share swap ratio of 100:43.
This means NB Bank shareholders will get 43 shares in Nabil for every 100 shares they hold.
Nabil Bank has recently appointed Gyanendra Dhungana, the outgoing Chief Executive Officer (CEO) of Bangladesh, to the post.
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