The agreement was signed by Pabitra Kumar Karki, Merger Conveyor of Citizens Bank and Dilli Prakash Ghimire of Sahayogi Bikas Bank in the head office of Citizens Bank at Narayanhiti Road on July 7.
As per the initial agreement, a swap ratio of 100:90 has been agreed for the acquisition, however, it can be reviewed as per DDA report.
Presently, Citizens Bank International has a paid-up capital of Rs 8.37 billion while Sahayogi has Rs 509.6 million. The joint entity will have a paid-up capital of Rs 8.87 billion.
