Kist Bank’s share trading resumes

After a hiatus of nine months, share trading of Kist Bank Limited has resumed from today. This has come as a huge respite to hundreds of share traders who have invested in Kist Bank’s shares.

Trading of the shares of Kist Bank was suspended by the NEPSE after Kist signed a Memorandum of Understanding with Vibor Bikas Bank for the merger of the two BFIs back on March 21, 2013.

However, seven months after the MoU, both the BFIs decided to pull out of the merger process due to some internal reasons, particularly the resignation of Kamal Gyawali, the then Managing Director of Kist Bank, owing to some loan scam related to his spouse.

Kist Bank, meanwhile, has been facing mounting pressure from the shareholders to resume the share trading.
-sharesansar