Om Development Bank to implement ASBA system

Published On: January 6, 2017 10:25 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Jan 6: Om Development Bank Ltd has received approval from the Securities Board of Nepal (SEBON) to implement Applications Supported by Blocked Amount (ASBA) system.

According to a statement issued by the bank, it can now hold the amount of investors until the allotment of shares.

The bank is in the process to complete merger with Manaslu Development Bank Ltd, according to the statement.

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