Citizens Bank Founder Share Sale Notice for Investors
16th March 2026, Kathmandu
Citizens Bank International Limited (CZBIL) has officially initiated a sale of over 1.44 million promoter (founder) shares.
Citizens Bank Founder Share
This offering represents a significant opportunity for the bank’s existing founder shareholders to increase their equity stake and voting power. Adhering to the regulatory framework set by Nepal Rastra Bank (NRB), the bank has opened this initial subscription period exclusively for current promoter shareholders.
Sale Details and Pricing
The bank has put forward a total of 1,444,084.93 promoter shares for sale. To facilitate a clear and structured transaction, the following parameters have been set:
Minimum Price: NPR 106 per share.
Eligibility: Currently restricted to existing promoter shareholders of Citizens Bank International Limited.
Location for Submission: The bank’s central office located at Narayanhiti Path, Kathmandu.
Why Promoter Shares are Significant
In the context of Nepali commercial banks, promoter shares—or founder shares—are not merely financial assets; they are instruments of governance. Founders are the bedrock of the institution, and holding these shares provides:
Strategic Influence: A direct say in the bank’s annual general meetings and major policy decisions.
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Long-Term Alignment: Founders are typically committed to the bank’s multi-year vision rather than short-term market fluctuations.
Stability: By maintaining ownership within the founder group, the bank ensures a consistent management philosophy, which is highly valued in the volatile banking sector.
The 35-Day Application Window
Citizens Bank has mandated a 35-day timeline for existing promoters to exercise their “Right of First Refusal.” This regulatory safeguard ensures that control remains within the existing shareholder base, provided they have the capital and the interest to expand their holdings.
Applicants must prepare the following:
- A formal written application expressing the intent to purchase a specific number of shares.
- Proof of current promoter shareholder status.
- Necessary identification and KYC documentation as required by the bank’s legal department.
The Procedure if Shares Remain Unsold
The bank’s notice includes a clear contingency plan. If, at the end of the 35-day window, the entire block of 1.44 million shares is not fully subscribed by the existing promoter group, the regulatory process dictates that the bank may open the offering to a wider pool. This could include other institutional investors or even the general public, depending on the specific approvals granted by the Securities Board of Nepal (SEBON) and NRB.
For external investors, this creates a “wait and see” scenario. If the current founder group does not fully absorb these shares, the remaining units could potentially hit the market, offering a rare entry point into the bank’s promoter-level ownership.
About Citizens Bank International Limited
Citizens Bank has firmly established itself as a cornerstone of Nepal’s retail and corporate banking landscape. With an expansive network covering urban hubs and rural districts, the bank has consistently prioritized digital transformation and remittance services, keeping it competitive against newer, tech-forward entrants in the market.
For existing promoter shareholders, this sale is a critical moment to audit their investment portfolios. Given the current minimum price of NPR 106, this is a strategic valuation for those looking to deepen their commitment to the bank’s future.
For More: Citizens Bank Founder Share
