Kathmandu. The twelfth annual general meeting of Civil Bank Limited has been completed. As proposed by the board of directors from the said general meeting, bonus shares equal to 5% of the bank's paid-up capital and 0.26% cash dividend per share for tax purposes have been unanimously approved.

In addition, the assembly appointed "S Rai and Associates" as auditors to audit the financial year 2079/80 and in the context of the acquisition of Civil Bank Limited by Himalayan Bank Limited, 80.28 shares of Himalayan Bank Limited will be received equal to 100 shares of that bank. By maintaining the share exchange ratio (100: 80.28) and giving the final approval to the acquisition work.

In addition, approving the appointment of an appraiser of assets and liabilities related to the acquisition of Civil Bank Limited by Himalayan Bank Limited and the remuneration paid to him, the due diligence audit report (due diligence audit report), memorandum of understanding, and final agreement. has been done In this context, in the process of acquiring a civil bank, if any instructions are received from the regulatory bodies to amend, modify and add to the work done during the process of taking approval/recording from the regulatory bodies such as Nepal Rastra Bank, Company Registrar's Office, Securities Board etc. According to the instructions received, the board of directors has been given full authority to carry out all the tasks, including amendments or modifications.

Bank Chairman Pratap Jung Pandey thanked all those present in the meeting for passing all the resolutions of the general meeting. Also, expressing special gratitude to the merger committee of Civil Bank, Pratap Jung Pandey, the president of the bank, said that after the final approval of Nepal Rastra Bank, the integrated business of both banks will be done within January.

Civil Bank, which is providing services to more than 8 lakh customers through 115 branches, 13 extension counters and 102 ATMs, has so far provided Rs. More than 96 billion deposits have been mobilized and Rs. More than 86 billion loans have been invested.