Kathmandu, Jan 22
Three months after signing a MoU for the merger, Civil Bank Limited has agreed to 79 percent swap ratio for the merger of both Civil Merchant Bittiya Sanstha and Axis Development Bank Limited, according to highly placed sources at the bank.
Now that we have worked out the swap ration, the merger process will be completed shortly," the sources added.
Nepal Stock Exchange Limited (NEPSE) has suspended the trading of shares of
all three BFIs in the merger process in October.
Civil Bank and Civil Merchant Bittiya Sanstha are owned by the Civil Group while Axis Development Bank was formed following the merger of Pashupati Development Bank and Udyam Development Bank.
Civil Bank has a paid-up capital of Rs 2 arba, reserve and surplus of Rs 15.3 crore. It had posted a net profit of Rs 12.12 crore in the last fiscal year, and its EPS stands at 7.56 and has a net worth 107.65.
Axis Development Bank has a paid-up capital of Rs 71.81 crore, reserve and surplus of Rs 9.42 crore, and it earned a net profit of Rs 2.03 crore. Its EPS stands at Rs 2.84 and it has a net worth of 113.13.
Similarly, Civil Merchant Bittiya Sanstha has a paid-up capital of Rs 16.65 crore, reserve and surplus of Rs 3.17 crore. It had posted a net profit of Rs 1.32 crore in the last fiscal year, and its EPS stands at 7.98 and has a net worth 119.16.
Three months after signing a MoU for the merger, Civil Bank Limited has agreed to 79 percent swap ratio for the merger of both Civil Merchant Bittiya Sanstha and Axis Development Bank Limited, according to highly placed sources at the bank.
Now that we have worked out the swap ration, the merger process will be completed shortly," the sources added.
Nepal Stock Exchange Limited (NEPSE) has suspended the trading of shares of
all three BFIs in the merger process in October.
Civil Bank and Civil Merchant Bittiya Sanstha are owned by the Civil Group while Axis Development Bank was formed following the merger of Pashupati Development Bank and Udyam Development Bank.
Civil Bank has a paid-up capital of Rs 2 arba, reserve and surplus of Rs 15.3 crore. It had posted a net profit of Rs 12.12 crore in the last fiscal year, and its EPS stands at 7.56 and has a net worth 107.65.
Axis Development Bank has a paid-up capital of Rs 71.81 crore, reserve and surplus of Rs 9.42 crore, and it earned a net profit of Rs 2.03 crore. Its EPS stands at Rs 2.84 and it has a net worth of 113.13.
Similarly, Civil Merchant Bittiya Sanstha has a paid-up capital of Rs 16.65 crore, reserve and surplus of Rs 3.17 crore. It had posted a net profit of Rs 1.32 crore in the last fiscal year, and its EPS stands at 7.98 and has a net worth 119.16.
No comments:
Post a Comment