Kathmandu. Global IME Bank and Bank of Kathmandu have entered into a merger agreement. An agreement was reached between the two banks at Yak & Yati Hotel. The two banks have agreed to merge on an equal footing. The merger agreement has been signed by Global IME Bank Chairman Chandra Prasad Dhakal and Bank of Kathmandu Chairman Prakash Shrestha. The merger agreement was reached between the two banks after the Nepal Rastra Bank announced that it would not provide any facility if it did not agree to the merger within this month.

The new bank will be called Global IME BOK Bank. Ratna Raj Bajracharya of Global will be the new chief executive of the bank. BOK's Shravan Maskey will be in the next place. With the merger, the bank's paid-up capital will reach Rs 34.41 billion. In terms of capital, the bank will be the largest after the merger. After the merger, the capital fund will be Rs. 52.29 billion.

Based on the data of Chait, the reserve fund of the bank will reach Rs. 17.87 billion. After the merger, the total deposit will reach Rs 373 billion. Debt will reach Rs. 363 billion.