23rd June 2025, Kathmandu
Citizen Investment Trust (CIT) has signed an agreement to underwrite the Further Public Offering (FPO) of Himalayan Bank Limited. This deal ensures CIT will guarantee the sale of the bank’s new public shares.
CIT Underwrites Himalayan Bank FPO
The signing ceremony took place on Sunday. CIT’s Executive Director Parbat Kumar Karki and Himalayan Bank’s CEO Ashoke Rana signed the agreement on behalf of their respective institutions.
Under the agreement, CIT will underwrite 9,250,469 shares issued by Himalayan Bank. The deal provides confidence that the shares will be fully subscribed, even if public investors do not buy all of them.
The agreement will remain valid for three months from the date of signing. During this period, CIT will be responsible for purchasing any unsold shares.
This collaboration supports Himalayan Bank’s efforts to strengthen its capital base and assures investors of the FPO’s success. It also reflects CIT’s continued role in promoting stability in Nepal’s financial market.
About CIT
Citizen Investment Trust (CIT) is a government-supported organization in Nepal. It offers various savings, pension, and insurance schemes for citizens. One of its major programs is the Citizen Pension Scheme. Individuals can contribute monthly and receive a life-long pension after retirement.
CIT also runs insurance plans for civil servants, teachers, police, army, and public organizations. In addition, it provides different investment options like the Citizen Unit Scheme. These programs help promote financial security and long-term savings.
The website of CIT shares updates, notices, newsletters, and downloadable forms. It also provides details about board members, branch offices, and job vacancies. Users can access information easily and apply for services online.
Overall, CIT’s website acts as a helpful platform for investors and policyholders. It connects the public with government-managed financial services. Moreover, it ensures transparency and trust through regular communication and service access.
About Himalayan
Himalayan Bank Limited (HBL) started operations in 1993. It was formed through a joint venture with Habib Bank of Pakistan. Since then, it has grown into one of Nepal’s leading commercial banks. HBL focuses on innovation, service quality, and customer trust.
The bank offers savings accounts, loans, fixed deposits, credit cards, and locker services. It also provides international money transfers through its HimalRemit service. For businesses, it offers merchant banking and trade finance.
Customers can use mobile banking via the HI-MB app. It supports QR payments, balance checks, fund transfers, and bill payments. Likewise, HBL’s online banking makes transactions simple and secure.
The bank runs over 175 branches across Nepal. It also has a wide ATM network. HBL uses modern core banking systems for efficient service delivery.
In addition, HBL supports social causes like heritage conservation and education. Overall, it blends traditional values with modern banking.
For more:- CIT Underwrites Himalayan Bank FPO