Citizens Bank Offers 1.44 Million Promoter Shares to General Public at Rs 106 Per Share
20th April 2026, Kathmandu
In a significant move within Nepal’s secondary market, Citizens Bank International Limited has announced the public sale of over 1.4 million promoter shares.
Citizens Bank Promoter Share
This decision follows a regulatory process that initially prioritized existing members of the promoter group, but after failing to garner interest within the internal circle, the bank is now inviting individual and institutional investors from the general public to participate. With a minimum price set at 106 per share, this offering represents a unique opportunity for investors to acquire a substantial stake in one of Nepal’s leading commercial banks at a competitive rate.
The specific volume of shares being offloaded totals 1,444,084.93 units. These shares were previously held by a prominent founder shareholder, Ravindraman Singh Pradhan. According to the unified directives issued by Nepal Rastra Bank, when a promoter shareholder intends to sell their holdings, the shares must first be offered to other existing promoters. Citizens Bank complied with this regulation by publishing an initial 35 day notice aimed at its current members. However, as the designated period lapsed without receiving any formal applications, the bank has now exercised its right to open the purchase window to the broader public.
For many investors, the chance to buy promoter shares at 106 is an enticing prospect. While promoter shares typically trade at a lower price point than ordinary shares and carry different liquidity rules, they offer a gateway into the long term ownership structure of an established financial institution. Citizens Bank has consistently demonstrated operational stability and growth, making this a strategic addition for those looking to build a diversified banking portfolio. The bank’s commitment to regulatory compliance and transparency ensures that this transaction is being conducted through the proper legal channels, providing a secure environment for both retail and institutional buyers.
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The application period for these shares is strictly defined. Interested and eligible investors have a 35 day window starting from the publication date of the notice, which was Baisakh 7, 2083. This timeline provides ample opportunity for potential buyers to conduct their due diligence and prepare the necessary financial resources. Applicants are required to submit their bids or purchase requests at the banks central office, located on Narayanhiti Path in Kathmandu. Since this is an open sale following an unsuccessful internal round, the bank aims to facilitate a smooth and efficient transition of ownership.
This initiative is part of a broader trend in the Nepali banking sector where large blocks of promoter shares are increasingly being made available to a wider audience. This move not only helps in maintaining the banks required capital structure but also democratizes the ownership of major financial institutions. By inviting the general public to step into roles traditionally reserved for founders, Citizens Bank is fostering a more inclusive and dynamic investment environment. This is particularly beneficial for institutional investors like insurance companies and mutual funds that seek stable, long term assets to back their liabilities.
To participate in the Citizens Bank Promoter Share sale, investors must meet the standard eligibility criteria for share ownership in Nepal. This includes having a valid Demat account and ensuring that the investment aligns with the individual or institutions risk profile. It is important for buyers to note that promoter shares have certain restrictions regarding their eventual conversion to ordinary shares or their resale on the secondary market, which are governed by specific Nepal Rastra Bank guidelines. Prospective investors are encouraged to consult with their financial advisors or the banks share department at the Narayanhiti Path office to understand these nuances before committing to a purchase.
In conclusion, the sale of 1.44 million promoter shares by Citizens Bank International Limited at a floor price of 106 is a major event for the capital market in 2083. It reflects the banks adherence to regulatory processes and its proactive approach to managing its shareholder base. Whether you are an individual looking to expand your footprint in the banking sector or an institution seeking a reliable long term investment, this offering provides a clear and accessible path to ownership. With the deadline approaching in mid Baisakh, the focus remains on the response from the public and how this shift in ownership will contribute to the banks future trajectory. Don’t miss this opportunity to be a part of one of Nepal’s established banking giants.
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