Axis Bank Special General Meeting Minute

Kathmandu, March 23

Axis Development Bank Ltd. has published the meeting minute of special general meeting with merger agenda on focus.

Civil Bank, Axis Development Bank and Civil Merchant Book Closure for Merger.

Kathmandu, March 16

Civil Bank Limited, Axis Development Bank Limited and Civil Merchant Bittiya Sansthan Limited has jointly published a final notice requesting to send all BT share on name transfer.

2nd Quarter Company Analysis: Axis Development Bank

Kathmandu Feb 15
Axis Development Bank Ltd. has published company analysis for the 2nd quarter of the fiscal year 2070/71.

Swap ratio for merger of Civil Merchant and Axis with Civil Bank fixed at 79%

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

Shares of Civil Bank, Civil Merchant and Axis Development Bank have been suspended for merger

Kathmandu, October 8, 2013

Shares of Civil Bank Limited, Civil Merchant Bittiya Sanstha and Axis Development Bank Limited have been suspended from today for the merger of these BFIs.

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.