Prabhu and Century Bank in final preparations for the merger, Swap Ratio is 100:95

Jul Fri 2022 02:16:28

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Prabhu and Century Bank in final preparations for the merger, Swap Ratio is 100:95

Kathmandu. Banks have been making final preparations for the recent merger. According to a source, final discussions are underway to merge Century Bank and Prabhu Bank. Although it is preparing to merge in the ratio of 1: 1, Prabhu Bank has proposed to merge in the ratio of 100: 95.

Prabhu Bank sources also said that discussions were held with Century. Sources claim that the possibility of an agreement next week has been ruled out by settling the remaining issues. Century's operators have also agreed that the name of the bank will remain Prabhu Bank after the merger, but sources claim that there is no problem in staff management. At present, it has been agreed to have 95 shares of Century equal to 100 shares of Prabhu.