Himalayan Bank Partners Citizens Capital for Further Public Offering (FPO) Management in 2024

Himalayan Bank Partners Citizens
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19 June 2024, Kathmandu

Himalayan Bank Limited (HBL) has officially partnered with Citizens Capital Limited for the management of its Further Public Offering (FPO).

Himalayan Bank Partners Citizens Capital

The agreement was formalized on Asadh 4, 2081 (June 18, 2024) during a ceremony held in Kamaladi, Kathmandu.

Mr. Ashoke SJB Rana, the Chief Executive Officer of Himalayan Bank Limited, and Mr. Sabir Bade Shrestha, the CEO of Citizens Capital Limited, signed the agreement.

Under this collaboration, Citizens Capital Limited, a subsidiary of Citizens Bank International Limited, will oversee the FPO process for Himalayan Bank Limited.

About Himalayan Bank Limited

Himalayan Bank Limited, established in 1993 as a joint venture with Habib Bank Limited of Pakistan, has been a trailblazer in the Nepalese banking industry since its inception. Known for its innovative products and customer-centric services, HBL introduced pioneering banking solutions such as the Premium Savings Account, HBL Proprietary Card, and Millionaire Deposit Scheme, along with ATMs and telebanking. These initiatives quickly won the hearts of customers. Originating from the Employees Provident Fund Building in Thamel, Kathmandu, HBL has also excelled in remittance services, becoming the largest inward remittance handling bank in Nepal through its proprietary online money transfer software, HimalRemitTM. The bank’s expansive network includes 176 branch offices and 20 extension counters across Nepal, further solidified by its acquisition of Civil Bank Limited, enhancing its operations and customer reach.

Beyond its banking services, HBL is committed to being a responsible corporate citizen. The bank actively promotes social activities and allocates a significant portion of its sponsorship budget towards societal betterment, reinforcing its role in the community. With a vision to become Nepal’s leading bank by providing premium products and ensuring substantial returns for stakeholders, HBL’s mission focuses on being the preferred provider of quality financial services. This mission is driven by a commitment to customer satisfaction, aiming to position HBL in the hearts and minds of its customers as the bank of first choice.

Citizens Capital

Citizens Capital Limited, originally incorporated as National Investment & Capital Market Limited in 2007, emerged in its current form in 2015 following the acquisition by Citizens Bank International Limited. As a leading merchant bank, we excel in investment banking and manage mutual funds worth Rs. 1.38 billion. Our services include depository participation, issue management, underwriting, and RTA/RTS, complemented by expert portfolio management. Our dedicated team strives to exceed customer expectations, generate sustainable shareholder value, and actively engage in the communities we serve. Our mission is to proactively ensure customer satisfaction and provide excellent services with sound returns for investors, while our vision is to become the market leader in the capital industry.


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