Citizens Bank Founder Share Sale Notice
13th January 2026, Kathmandu
The Citizens Bank founder share sale notice has been officially published, informing investors about the sale of founder shares of Citizens Bank International Limited. The bank has announced the sale of a total of 309,382.72 units of founder shares currently held under the names of various founder shareholders. This development is particularly relevant for existing founder shareholders, as they are given first priority to purchase these shares in accordance with regulatory provisions.
Citizens Bank Founder Share
As of early 2026, the secondary market in Nepal has seen a fluctuation in trading volumes, making direct sales of founder shares a significant event for those looking to consolidate their ownership in stable commercial banks. Citizens Bank, which has been operational since 2007, currently maintains a robust presence with over 1,000 branches and thousands of ATMs nationwide, making its shares a strategic asset for long-term investors.
Shareholder Details and Pricing Structure
According to the official disclosure, the founder shares being offered belong to four individuals who have decided to divest their holdings. The volume of shares varies significantly among the sellers:
Basudev Ghimire has placed 163,561 units for sale.
Netra Lal Ban has offered 75,772 units.
Jhabindra Bhandari has put up 51,205 units.
Rajkumar Thapa has listed 18,844.72 units of founder shares for sale.
The pricing of these units follows a tiered structure based on individual seller decisions. As stated in the Citizens Bank founder share sale notice, the shares held by Rajkumar Thapa have been priced at a minimum of NPR 130 per unit. In contrast, the shares belonging to Vasudev Ghimire, Netra Lal Ban, and Jhabindra Bhandari have been offered at a minimum price of NPR 100 per unit. This price differentiation reflects individual seller requirements within the framework allowed by banking regulations and the prevailing net asset value of the bank.
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Regulatory Framework and Eligibility
The sale process strictly follows the unified directives issued by Nepal Rastra Bank. Under these guidelines, founder shares must first be offered to existing founder shareholders of the same institution to maintain the internal ownership structure and institutional stability. Only if the shares remain unsold within the specified 35 day period can they be made available to other individuals or institutions from the general public.
As a result, at this stage, only current founder shareholders of Citizens Bank International Limited are eligible to apply for the purchase. This “right of first refusal” is a common mechanism in the Nepalese banking sector designed to prevent hostile takeovers and ensure that those already committed to the bank’s long-term vision have the first chance to expand their influence.
Application Procedure and Timelines
Interested founder shareholders are required to submit a formal application within 35 days from the date of the notice. Applications must be submitted at the bank’s central office located at Narayanhiti Path, Kathmandu. The bank has clearly stated that applications received after the deadline will not be considered, emphasizing the importance of timely compliance for those wishing to participate in the draw.
The Citizens Bank founder share sale notice also clarifies the next steps in case of insufficient applications. If no purchase applications are received from existing founder shareholders within the stipulated time frame, the bank will initiate procedures to offer these shares to the general public or corporate investors. This subsequent process would be carried out through a public auction or a private placement in accordance with prevailing laws and the Bank and Financial Institution Act.
Investment Perspective and Strategic Value
From an investment perspective, founder shares are generally viewed as long-term holdings with restricted liquidity compared to ordinary shares. Unlike ordinary shares, which can be traded freely on the Nepal Stock Exchange (NEPSE) floorsheet, founder shares require a more complex transfer process involving regulatory approval. However, they carry significant strategic value, including enhanced voting rights and greater influence over corporate governance.
For existing founder shareholders, this sale presents an opportunity to increase their stake in the bank at a price that is often lower than the current market price of ordinary shares. This potentially strengthens their ownership position and increases their share of any future dividends. Citizens Bank International Limited continues to operate as a stable commercial bank, with recent financial reports showing a focus on small and middle market growth, signaling a promising outlook for investors.
Conclusion
The Citizens Bank founder share sale notice is a significant announcement for existing founder shareholders seeking to expand their holdings in early 2026. With clear pricing ranging from NPR 100 to NPR 130, a defined application period, and strict regulatory compliance, the process ensures fairness and transparency in ownership transfer. Eligible shareholders are advised to carefully review the financial performance of the bank and submit their applications within the given timeframe to take advantage of this localized investment opportunity.
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