Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

BOK-Lumbini Share Swap Ratio Endorsed

  59 sec to read
BOK-Lumbini Share Swap Ratio Endorsed
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

May 31: The 21st Annual General Meeting (AGM) of Bank of Kathmandu (BOK) has endorsed share swap ratio with Lumbini bank. The AGM has approved the special proposal to name the merged entity as ‘Bank of Kathmandu Lumbini Limited’ after the merger.

The meeting has also passed the swap ratio proposal of one unit share of Lumbini equal to 0.8281 unit share of BOK. According to the swap ratio, the current investors having 100 units of shares in Lumbini bank will get 82.81 units of share of the merged bank.

Meanwhile, BOK had made the net profit of Rs 334.6 million in the fiscal year 2071/2072. The AGM has also passed the proposal of executive committee to distribute 26 percent bonus share and 1.37 percent cash dividend for tax purpose to its shareholders from the net profit and reserve fund.

“In the FY 2071/2072, total loan of the bank has increased by  15.66 percent and deposit by 15.65 percent,” informed Satya Narayan Manandhar, Chairman of BOK.  BOK has been providing its services through 56 branches, 57 ATMs and seven extension counters.

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.