KATHMANDU: The joint operation of Kumari Bank Ltd (KBL) and Nepal Credit and Commerce Bank (NCCB) has commenced under the name 'Kumari Bank Ltd' following successful merger of the commercial banks in a share swap ratio of 1:1.
This means that every 100 shares of Kumari Bank and NCC Bank have been converted into 100 shares of the merged entity.
KBL Chairperson Amir Pratap JB Rana and NCCB Chairperson Upendra Keshari Neupane had jointly launched the joint operation amid a programme held here on Sunday, as per a press statement.
A version of this article appears in the print on January 2, 2023, of The Himalayan Times.
