The banks are closing their services including ATM, credit card, mobile banking, internet banking, branchless banking from the evening of December 5 at 6:00 PM till midnight to migrate data/system of both banks.
Global IME and Janata Bank signed the merger agreement on July 5 following the stimulus of NRB for merger through monetary policy.
The combined entity will have Chandra Dhakal, existing Chairman of Global IME Bank as the Chairman while the post of CEO will be held by Parshuram Kunwar Chettri, existing CEO of Janata Bank.
The joint entity will have a paid-up capital of Rs 19 billion that is the highest paid-up capital among the commercial banks.
The combined entity will have deposits of Rs 210 billion, loan extension of 200 billion. The entity will serve its customers through 300 branches, 253 ATMs, 241 branchless banking services and 33 extensions.
