Garima Bikas Bank Founder Shares Sale Notice
2nd February 2026, Kathmandu
Garima Bikas Bank Limited has officially initiated a strategic ownership transition by announcing the sale of 63,200 units of founder shares. This development follows a formal resolution passed by the banks Board of Directors during a meeting held on Magh 9, 2082. The sale is being conducted in strict adherence to the Unified Directives issued by Nepal Rastra Bank, which mandates a structured prioritization process for the transfer of founder (promoter) equity within class B financial institutions.
Garima Bank Founder Shares
The primary objective of this public notification is to inform existing founder shareholders of their right of first refusal, ensuring that the core ownership base has the opportunity to consolidate their holdings before the shares are offered to external investors.
Prioritization of Existing Founder Shareholders
In line with the regulatory framework governing the Nepalese banking sector, Garima Bikas Bank has prioritized its current founding members for this share offering. This mechanism is designed to maintain institutional stability and ensure that the banks governance remains in the hands of established stakeholders.
Right of First Refusal: Existing founder shareholders are granted the primary opportunity to purchase the 63,200 units.
Eligibility: Only individuals or institutions currently listed in the banks founder shareholder register may participate in this initial 35 day phase.
Secondary Phase: Should the existing founders fail to subscribe to the total quantity within the stipulated timeframe, the bank will proceed to offer the remaining shares to other individuals or institutional investors outside the founder group, subject to central bank approval.
Application Procedure and Key Deadlines
To participate in the Garima Bikas Bank Founder share sale, eligible shareholders must follow a specific procedural timeline. The bank has designated its central administrative hub as the sole point for processing these transactions.
Application Timeline: Interested founders must submit their formal purchase applications within 35 days from the date of the notice publication.
Submission Venue: Applications are required to be hand delivered to the Garima Bikas Bank Central Office located in Lazimpat, Kathmandu-2.
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Documentation Requirements: Applicants are advised to contact the banks share department to receive guidance on the necessary financial and legal disclosures required for the transfer of promoter shares.
Institutional Standing and Regulatory Compliance
The Garima Bikas Bank Founder share sale highlights the banks commitment to transparency and regulatory discipline. As a licensed Class B development bank, Garima Bikas Bank operates under the direct supervision of Nepal Rastra Bank, and such ownership changes are closely monitored to prevent speculative trading or unauthorized shifts in controlling interest.
Current institutional data as of early 2082:
Head Office: Lazimpat, Kathmandu.
Regulatory Category: Class B Development Bank.
Contact Information: Shareholders can seek clarification via phone at 01-4545424, 01-4545425, or 01-4545426.
This sale is viewed by market analysts as a standard portfolio rebalancing exercise by certain founding members rather than an indication of operational distress. By following the public notice route, the bank ensures that all stakeholders are treated equitably and that the share transfer remains a matter of public record.
Significance of Founder Shares in Development Banks
Founder shares represent the initial capital contributed by the creators of the institution. Unlike public shares, these units often carry restricted liquidity and specific lock in periods but provide a higher degree of influence over the banks long term strategic direction. The controlled transfer of 63,200 units allows the bank to refresh its shareholder base while maintaining the continuity of its mission to promote financial inclusion and sustainable growth across Nepal.
Conclusion
The Garima Bikas Bank Founder share sale provides a time bound opportunity for current promoters to expand their equity stake in one of Nepals leading development banks. With a clear 35 day deadline and a transparent application process at the Lazimpat head office, the bank is facilitating an orderly transition of ownership. Existing shareholders are encouraged to review their investment goals and act within the designated timeframe to exercise their priority rights under the NRB Unified Directives.
For More: Garima Bank Founder Shares
