As per the source at NMB Bank, both banks have completed their preparations for the merger. The banks are preparing to begin the joint transaction by September 28 after finishing IT integration.
The SGM of NMB Bank (NMB) held on August 13 in Staff College, Jawalakhel at 11:30 AM endorsed a proposal of merging Om Development Bank with a swap ratio of 100:76.
NMB Bank has current paid-up capital of Rs 9.61 billion while Om Development Bank has paid-up capital of Rs 2.51 billion. The merged entity will have a total paid-up capital of Rs 11.51 billion.
