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Global IME Bank and Janata Bank signs in MoU to merger

www.reviewnepal.com
  Kathmandu, Nepal      July 05 2019

Kathmandu, Nepal, July 5, 2019: Global IME Bank and Janata Bank have signed a memorandum of understanding (MoU) on Friday to go into the merger. 

Global IME Bank and Janata Bank have become first to sign in the MoU to go into the merger in line with the policy promulgated by the Nepal Rastra Bank, the central bank of the country. 

Chairperson of Global IME Chandra Prasad Dhakal and chairperson of Janata Bank Keshav Bahadur Rayamajhi have signed on an initial agreement for the merger amidst a program in Kathmandu on Friday.

According to the agreement, the name of the bank will retain Global IME and chairperson Dhakal will continue his tenure. Whereas chief executive officer (CEO) Parshu Ram Kunwar from Janata Bank will remain in the post. Likewise, acting CEO of Global IME will be serving as deputy CEO of the Bank.