Kathmandu. After a long effort, Himalayan Bank and Civil Bank have agreed to go through the process of merging. The share swap ratio in the merger will be 100: 81. Investors of Civil Bank, which will have 100 shares after the merger, will get 81 shares of Himalayan Bank. The name of the bank to be formed after the merger will be Himalayan Bank. The Board of Directors of Himalayan Bank will also get continuity at present.

Ashok Samsher Rana of Himalayan Bank will be the Chief Executive Officer. It has been agreed to give the important role of Civil Bank Chief Executive Officer Sunil Kumar Pokhrel after Rana. It has been agreed that the merger with Himalayan Bank will not reduce the position and service facilities of the permanent employees of Civil Bank. It took a long time to reach a consensus on this issue.

The total paid up capital of the new Himalayan Bank will be Rs. 20.30 billion as soon as Himalayan acquires Civil. The current total paid-up capital of Civil Bank, which is being merged with a swap ratio of 100: 81, is Rs 9.758 billion, while that of Himalayan Bank is Rs 12.96 billion.