NIC Asia shareholders who have been anxiously waiting for the trading in the bank’s shares to open have a reason to cheer.
Nepal Rastra Bank has already given its approval for trading in the shares of NIC Asia, formed after the merger between NIC Bank and Bank of Asia Nepal. Now, the bank’s shares will hit the trading floor as soon as the market regulator SEBON gives a green signal.
As NIC Asia officials have said that they are trying their best to get the trading started by the end of this month, the trading is expected to begin from Sunday.
Investors have been mounting pressure on the bank to get their shares listed in NEPSE as most of these investors are obliged to repay the loans they had taken from banks.
If the share didn't get list then banks have to keep provisions for the loan which they have given against NIC and Bank of Asia share which in turn will decreases the profit of this year.
Meanwhile, investors expect the price of NIC Asia shares to hover close to Nepal SBI and Nepal Investment Bank.
Before the merger, the shares of NICB last traded on June 28, 2012 at Rs 468, while the shares of BOAN traded at Rs 228 on the same date.
NIC Asia started issuing share certificates to the Bank of Asia shareholders from Asar 18, 2070.
src : sharesansar
Nepal Rastra Bank has already given its approval for trading in the shares of NIC Asia, formed after the merger between NIC Bank and Bank of Asia Nepal. Now, the bank’s shares will hit the trading floor as soon as the market regulator SEBON gives a green signal.
As NIC Asia officials have said that they are trying their best to get the trading started by the end of this month, the trading is expected to begin from Sunday.
Investors have been mounting pressure on the bank to get their shares listed in NEPSE as most of these investors are obliged to repay the loans they had taken from banks.
If the share didn't get list then banks have to keep provisions for the loan which they have given against NIC and Bank of Asia share which in turn will decreases the profit of this year.
Meanwhile, investors expect the price of NIC Asia shares to hover close to Nepal SBI and Nepal Investment Bank.
Before the merger, the shares of NICB last traded on June 28, 2012 at Rs 468, while the shares of BOAN traded at Rs 228 on the same date.
NIC Asia started issuing share certificates to the Bank of Asia shareholders from Asar 18, 2070.
src : sharesansar
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