Big Merger of Bank of Kathmandu with to Global IME

Aug Sun 2021 09:09:38

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Big Merger of Bank of Kathmandu with to Global IME

Kathmandu. Discussions on a merger between Bank of Kathmandu (BOK) and Global IME Bank have intensified.

According to a Bank of Kathmandu operator, informal discussions have taken place between the directors and responsible officials of both the banks. According to a source, the discussion has almost concluded about the merger process and the technical issues required for it.

However, Bank of Kathmandu is also in discussions with Mega Bank, Sunrise Bank and Siddhartha Bank for merger. The management of the concerned banks have admitted that the issue of merging between these banks has been discussed many times.

If merged with BOK, Global IME Bank will become the largest commercial bank in Nepal. B.S. In 2073 BS, Lumbini Bank was merged with BOK in the ratio of 100 to 82.81.