Kathmandu. The share exchange ratio (swap ratio) of Himalayan Bank and Civil Bank, which have agreed to merge with each other, has decreased. On 29 June last, Himalayan Bank made a preliminary agreement to acquire Civil Bank. In that agreement, Himalayan Bank reduced the swap ratio to 100:81.

According to high sources, now Himalayan Bank is going to receive civil 100:80.28 swap ratio. The source said, "The swap ratio in the initial agreement for Himalayan to acquire Civil has changed, now it has been maintained at 100:80.28."

After the merger, the name of the bank will remain Himalayan and the board of directors will also remain the same as the present Himalayan Bank. It has been agreed that Himalayan Bank's Ashok Rana will be the CEO, while Civil Bank's Sunil Kumar Pokhrel will be the Senior Deputy CEO.

The integrated business of these two banks will not happen before the end of January. Sources said that due to technical reasons, the integrated business could not be completed by the end of December. It is said that it is not possible to carry out the integrated business within the time set by the National Bank, but even if it is launched by the end of January, it will be requested to the National Bank to get the facility of merger. Sources said that even though the integrated transaction could not be done by the end of the year, the Rashtra Bank has been requested to get the facilities provided by the nation.

However, sources say that these two banks will start integrated business within the next 18th of January. It is said that the bank has started the necessary work for the integrated business and will start within January. According to the policy set by the National Bank, both banks are confident that they will get the merger facility as they have called the general meeting to pass the merger proposal by the end of December. Both these banks have called the general meeting on the 28th of January.

Rastra Bank said that it will get many facilities if it is merged by the end of January. The National Bank, through monetary policy, has arranged for the banks that are going to merge with the interest rate difference (spread rate) of deposits and loans, and the cancellation of the cooling period. It has been arranged that commercial banks will extend the period of lending by one year in designated areas, 0.5 percentage point discount on mandatory cash balance limit for one year of integrated transactions, 1 percentage point discount on statutory liquidity ratio, 5 percentage point increase on deposit collection limit set by the central bank. is

Himalayan Bank had entered into a preliminary agreement on June 29 to acquire Civil Bank. The agreement was signed on behalf of Himalayan Bank by Chairman Prachanda Bahadur Shrestha and Chairman Pratapjung Pandey on behalf of Civil Bank.