Himal Press 
KATHMANDU: The 28th annual general meeting of Bank of Kathmandu (BoK) has approved a proposal to merge with Global IME Bank Ltd.
The two commercial banks have already agreed on a 1:1 share swap ratio.
Issuing a statement on Friday, the commercial bank said the AGM also endorsed a proposal to provide 6% stock dividend and 14.95% cash divided to its shareholders from the profit earned in fiscal year 2021/22.
The two banks have agreed to name the merged entity Global IME BoK Limited. After the merger, Global IME BoK Ltd will have a paid-up capital of Rs 35.77 billion.
Published On: 09 Dec 2022
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