Nabil, Nepal Bangladesh Bank call Special General Meeting to endorse acquisition & swap ratio

KATHMANDU: Nabil Bank Limited (NABIL) and Nepal Bangladesh Bank Limited (NBB) have published notice for Special General Meeting (SGM) today i.e 23rd Baisakh, 2079.

According to 389th board meeting of NBB, SGM will be held on Jestha 07, 2079 from 11 AM onwards via Zoom Cloud Meetings.

Similarly, NABIL’s SGM will also be held on Jestha 07, 2079 from 11 AM onwards at the premises of Silver Oak Banquet/ Event Centre, Gairidhara, Kathmandu.

The primary agenda of both SGMs is to endorse the merger of the two commercial banks. The meeting will assess the Due Diligence Audit (DDA) Report to be presented by PKF T R Upadhayay and will provide the final approval for the acquisition and also approve a 100:43 swap ratio (NBB Bank 100 units = NABIL 43 units).