Promoter Shareholder of Nabil Bank, IFIC Bank to Exit Nabil Bank; Proposed to Sell 1.77 Crores Shares of Promoter Shares

The promoter shareholder of Nabil Bank, International Finance Investment and Commerce Bank Limited (IFIC Bank), Bangladesh, has filed a request to sell 1.77 Crores units of promoter shares.

Priority should be given to the bank's promoter shareholders, according to instructions from Nepal Rastra Bank, and the promoter shareholders who are interested in purchasing the promoter shares have been asked to submit the application within 35 days of the notice's publication by gathering the required documents and showing up at the bank's central office, Tindhar, Binamarg, Kathmandu.

The bank further stated that the share sale process would proceed in accordance with the applicable law if the existing promoter did not apply within the allotted time period.