Country Devt to Merge with Prime

January 27: Country Development Bank is set to merge with Prime Development Bank. The 9^th annual general meeting of the bank held on January 25 in Banepa approved a proposal regarding the merger. Moreover, the AGM also approved a proposal of distributing 8.45 per cent bonus share to its shareholders. Indra Narayan Bhail, Chairman of the bank presented financial report of the bank in the AGM. In the program, the bank informed of earning Rs 57.4 million operating profit during the FY 2072/73.