Similarly, the banks acquired approval of Company Registrar Office for the merger/acquisition on September 22.
After the merger/acquisition, the combined entity will start the joint transaction from September 28 with the name of NMB Bank.
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.