KATHMANDU: A special general meeting of Global IME Bank has approved the acquisition of Reliable Development Bank.

Similarly, the meeting held on Friday has also finalised the share swap ratio of Reliable Development Bank and Global IME Bank at 100:82.9, according to a press statement issued by Global IME Bank.

Following the acquisition of Reliable Development Bank, the paid-up capital of Global IME Bank will cross Rs eight billion, according to the statement.

Similarly, Global IME Bank will have 112 branches, 114 ATM outlets, five extension counters and 46 branchless banking services after the acquisition.