Shangri-la Development Bank Invites Sealed Bids for Non-Banking Asset Auction
11th October 2026, Kathmandu
Shangri-la Development Bank Limited has issued a seven-day public auction notice inviting sealed bids for the sale of its non-banking assets, including land and buildings, across various locations in Nepal.
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Shangri-la Bank Sealed Bids Invitation
Auction Terms and Bidding Schedule
The development bank is executing the competitive bidding process under its institutional guidelines and prevailing financial sector laws to liquidate non-banking assets.
- Asset Types: Includes registered land, buildings, and associated immovable properties currently under the bank’s non-banking asset portfolio.
- Sale Mechanism: Properties will be sold on an as-is, where-is basis through a confidential sealed-bid process.
- Notice Publication: The formal auction announcement was published in the Rajdhani National Daily on Ashoj 24, 2083 (October 10, 2026).
- Application Document Availability: Bidding forms can be obtained from any regional or local branch office of Shangri-la Development Bank.
- Submission Location: Completed application forms and bid offers must be delivered directly to the Loan Recovery Unit at the central office in Kathmandu.
- Submission Deadline: Final bid submissions close at the end of regular office hours on Ashoj 30, 2083 (October 16, 2026).
- Legal Framework: Conducted under the authority granted by the Banks and Financial Institutions Act (BAFIA) and prevailing regulatory frameworks.
For More: Shangri-la Bank Sealed Bids Invitation
