Kathmandu. The annual general meeting of Mega Bank Nepal Limited has passed a special resolution to give final approval to the merger with Nepal Investment Bank. The general meeting passed 7.79 percent dividend including bonus shares for the shareholders.

According to the evaluation report of assets, liabilities and transactions of both institutions received by the 12th Annual General Meeting of Mega Bank, on the recommendation of the Joint Merger Committee, as approved by the Board of Directors of Mega Bank, the shareholders of Mega Bank will receive 90 shares of the bank after the merger, equal to 100 shares of Mega Bank. It has been decided to pass a special resolution to give final approval to the merger. Along with this, the way of merger with Nepal Investment Bank has been opened. Both the banks will be merged with each other and the name of the bank will be Nepal Investment Mega Bank Limited.

In the general meeting, Mega Bank Chairman Bhoj Bahadur Shah expressed his belief that after the merger, the good traditions, customer service, matching and management of the employees and equity and dividends of the shareholders will be continued and continued in order to raise the name and dignity of both banks.

To make the bank stronger and more competitive, to increase the scope and size of the business, the expansion of branches and networks has been carried forward by Mega Bank. Under which, in 2078-79, Mega Bank has put 21 new branches and 1 new extension counter into operation and 9 extension counters have been upgraded to branches. At present the bank has 208 branches and 27 extension counters.