Lumbini Bikas Bank Limited Initiates Nationwide Public Liquidation of Non-Banking Assets
20th May 2026, Kathmandu
Lumbini Bikas Bank Limited has officially launched a fast-tracked structural liquidation campaign, inviting sealed financial proposals for the wholesale purchase of various non-banking assets under its corporate ownership.
Lumbini Bikas Bank Asset
The commercial development bank stepped forward with this competitive sale mechanism to systematically clear its balance sheet of properties acquired through loan default settlements. According to the public circular published in the Saurya National Daily on 2083/02/06 on the traditional calendar, the liquidation covers premium real estate assets located across multiple industrial, commercial, and residential zones of Nepal.
Enforcing the Standard Confidential Sealed Tender Evaluation Framework
The national-level class B financial institution has specified that all listed properties will be disposed of through a highly secure, confidential sealed quotation process to ensure absolute transparency and fair market tracking. Every single piece of real estate inventory, including multi-story residential buildings, industrial plots, and agricultural land parcels, is being offered strictly in its current as-is condition. This means the bank makes no structural or environmental warranties, passing the full responsibility of physical verification, zoning cross-checks, and boundary reviews entirely to the prospective buyers.
Step by Step Application Workflows and Financial Deposit Requirements
To ensure eligibility and secure entry into the competitive public lottery pool, interested individual property buyers, corporate real estate firms, and investment groups must execute a strict set of administrative tasks:
- Applicants must physically visit the bank office to purchase the official bid document form by paying a non-refundable fee of NPR 500.
- Bidders are required to calculate their maximum offer price and deposit an earnest money security amount equivalent to exactly 10 percent of that total valuation.
- The original paper bank deposit voucher must be firmly attached to the completed application sheet as authentic proof of capital backing.
- The entire documentation packet must be enclosed in a secure envelope, sealed, and delivered directly to the central management desk within the brief seven-day public window.
Specifying the Multi-District Geographic Footprint of the Auctioned Assets
The non-banking asset inventory distributed across the country reflects the extensive retail reach of the bank lending networks. The current liquidation block contains varying sizes of land plots and houses situated in multiple major economic zones, including:
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- Eastern Terai hubs covering Jhapa, Morang (Biratnagar), Sunsari (Inaruwa), Siraha, Rautahat, and Sarlahi.
- Central inner Terai and hill stations encompassing Chitwan, Tanahun, Nawalparasi, and the capital Kathmandu Valley (Kathmandu and Lalitpur).
- Western industrial and agricultural belts including Kapilvastu and the highly active commercial hubs of Rupandehi.
Administrative Exceptions for Public Holidays and Next Working Day Rules
To protect the legal rights of applicants against unexpected calendar closures or sudden state holidays, the bank has integrated clear operational safety clauses into its timeline. If the absolute final deadline for document drop-off happens to clash with an official public holiday, the cutoff clock automatically extends until 12:00 PM on the immediate next working day. Similarly, if a holiday disrupts the pre-scheduled public opening ceremony, the unsealing of the envelopes will automatically shift to 3:00 PM on the next active banking day.
Official Cutoff Dates, Unsealing Timelines, and Corporate Review Venues
According to the official schedules cleared by the asset recovery committee, the absolute final cutoff time for dropping off sealed bids is fixed for 2083 Jestha 12 on a Tuesday, during regular office hours. The formal unsealing and opening of the received bid packets will take place shortly after on 2083 Jestha 14 on a Thursday, at exactly 3:00 PM. This transparency event will be hosted live inside the Loan Recovery Department, situated at the Central Office of Lumbini Bikas Bank Limited in Dillibazar, Kathmandu.
Retaining Corporate Autonomy and Final Selection Privileges Across Bidding Pools
The executive board of the financial group has included standard protective legal disclaimers within the public layout to maintain complete corporate flexibility. Lumbini Bikas Bank Limited retains absolute independent authority to accept the highest financial offer, reject any or all incoming bids without being legally bound to justify its choices, or completely cancel the entire tender process at any stage. Furthermore, the bank management reserves the right to initiate direct face-to-face price negotiations with top matching bidders if the initial pool values fall below internal recovery benchmarks.
Centralized Communication Channels and Corporate Location Contact Points
Prospective property developers and interested individual buyers who want to inspect specific asset titles, review land trace maps, or obtain application forms can coordinate directly with the central helpdesk during regular business hours. The main corporate headquarters is located inside Sunrise Biz Park in Dillibazar, Kathmandu. Bidders can establish contact with the credit recovery team by dialing the direct landlines at 01-4513232, 01-4513234, or 01-4521646, or by transmitting formal document queries through the corporate fax line at 01-4513526 to ensure full regulatory alignment.
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