Kumari Bank Sells Promoter Shares To Existing Shareholders: Key Details
24 September 2024, Kathmandu
Kumari Bank Limited has announced plans to sell a portion of its promoter shares.
Kumari Bank sells promoter shares
The bank is offering 109,865 shares to its existing promoter shareholders.
Only current promoter shareholders can purchase these shares. Applications must be submitted within 35 days of the announcement to Kumari Capital or Kumari Bank’s central office.
If no applications are received, the shares will be offered to others.
This sale aims to streamline the bank’s ownership structure and comply with regulations. Kumari Bank, a major player in Nepal’s banking industry, seeks a smooth ownership transition in line with industry standards.
For more information, existing promoter shareholders should visit the bank’s official channels or contact the share registrar. Kumari Bank remains committed to transparency and compliance, contributing to the growth of Nepal’s banking sector.
About us
Established in 2001, Kumari Bank has established itself as a key player in Nepal’s banking sector, offering a wide array of financial services through its extensive network of branches and ATMs across the country.
Recognized as a trailblazer in modern banking, the bank has rolled out cutting-edge online and mobile banking solutions, utilizing advanced technology to provide a smooth and efficient customer experience.
Kumari Bank caters to various banking needs by offering a range of card services, including Visa Debit and Credit Cards for both domestic and international transactions. Additionally, the bank has developed a comprehensive suite of digital banking services, encompassing mobile and internet payment capabilities.
Dedicated to maintaining high levels of customer satisfaction and transparency, Kumari Bank is focused on solidifying its status as a prominent institution in Nepal’s banking landscape, continually adapting its services to align with the changing needs of its customers.
