The bank is conducting the BOD meeting regarding the merger at 3 PM today. Once the BOD meeting approves the MoU, the banks may sign an agreement for the merger, informed a source at Nepal Bangladesh Bank.
Nepal Bangladesh Bank and Nabil Bank are reportedly in a merger discussion for some time. Both banks have formulated a merger committee and delegated authority for the same.
The committee has been assigned to decide on the swap ratio and an assortment of employees.
