IDBL Endorses 1:0.73 Swap Ratio

July 13: The Special General Meeting (SGM) of International Development Bank Limited (IDBL) has endorsed the proposed 1:0.73 swap ratio for the merger with Nepal Credit and Commerce, Infrastructure Development, Apex Development and Supreme Development Bank. The SGM held on July 12 passed the swap ratio resulted from the assets and liabilities valuation report of merger banks. The SGM has endorsed 100 units share of IDBL equals to 73 unit shares of Nepal Credit and Commerce Bank as per the valuation report.