Kathmandu. Along with the merger agreement between Himalayan Bank and Nepal Investment Bank, an agreement has also been reached on the service facilities including the salaries of the employees. After the integrated business of both the banks, the monthly salary and other service facilities of the employees of Himalayan and Nepal Investment Bank will also increase.

According to the information received, the salary facility will be determined on the basis of the same salary of the bank employees whose salary is higher after the consolidated transaction. According to a source, the two banks will gradually bring equality in the salary facility after the merger.

 The salary and service facilities received by the employees of any bank will not be reduced. A source said that preparations are being made to adjust the posts of the employees of Himalayan Bank and Nepal Investment Bank in the same way as they are.

At present, Himalayan Bank has 1,000 employees and Nepal Investment Bank has 1,400 employees. The Himalayan and Nepal Investment Bank will have a total of 2,400 employees.

The consolidated transaction between the two banks will take place only in September. Earlier, preparations were being made to conduct integrated business by mid-July, but now only integrated business will be conducted in September.

As per the merger agreement, Prithvi Bahadur Pandey will be the chairman of the board of directors and Ashok Shamser Rana will be the chief executive officer.