Himalayan Bank to Convert 10% Promoter Shares into Public Shares

Himalayan Bank Limited has decided to convert 10 percent of its promoter shares into public shares, in line with the directives of Nepal Rastra Bank.

The decision was made during the bank’s 493rd Board of Directors meeting held on Sunday (Chaitra 15, 2082). According to the bank, the conversion will be carried out based on its existing paid-up capital and in compliance with prevailing regulatory provisions.

The bank stated that the necessary procedures for the conversion process will be initiated soon. Upon completion of the required process and after obtaining approval from the concerned regulatory authorities, the promoter shares will be converted into ordinary public shares.

The move is expected to enhance public participation in the bank’s ownership structure and align with regulatory requirements set by the central bank.