Himalayan Bank Limited has opted to transform 10 percent of its promoter shares into public shares, following the guidelines of Nepal Rastra Bank.
This resolution was made during the bank’s 493rd Board of Directors meeting conducted on Sunday (Chaitra 15, 2082). The bank indicated that the transformation will take place based on its current paid-up capital and in accordance with existing regulatory standards.
The bank announced that the necessary steps for the transformation procedure will commence shortly. Once the required processes are finalized and approval is secured from the relevant regulatory authorities, the promoter shares will transition into ordinary public shares.
This initiative is anticipated to boost public involvement in the bank’s ownership framework and comply with the regulatory obligations set forth by the central bank.
