5. Nepal Investment Bank Limited; – Commercial bank in Nepal
Nepal Investment Bank Limited is one of the leading and popular commercial banks of Nepal. Previously, this bank was known as Nepal Indosuez Bank Ltd. Nepal investment bank as was established on February 27th, 1986 as a joint venture between Nepalese and Credit Agricole Indosuez.
In 2007, The group of companies consisting of Professional bankers, Nepalese business and industrialists bought the shares of French company i.e. 50%. Its French partner was auxiliary of the one of largest banking group of world i.e. Credit Agricole Indosuez.
In order to handle the management of the bank for ten years, a contract was signed between Rastriya Banijya Bank, Rastriya Beema Sanstan and the foreign investor credit Agricole. On June 12th, 2002, the name of Bank was changed to Nepal Investment bank with the approval of Bank’s Annual General Meeting, the company Register’s office, and Nepal Rastra Bank.
From then the bank was raised by Nepalese investors to one of the most trusted and popular banks in the country. In terms of Shareholding of the bank, the Nepali investors hold fifty percent of its capital, Rastriya Beema Sansthan and Rastriya Banijya Bank holds about fifteen percent each and the general public holds the remaining twenty percent that makes Nepal Investment Bank Limited on the Nepal Stock Exchange.
The bank has 47 branches (82 ATM outlets) scattered throughout the country and has 82 ATM outlets. It is providing modern banking services of international class from 9:30 am to 7 pm evening. In Nepal, It is only the bank from where customers can withdraw the amount of 100 rupees from its ATM but from other’s bank ATM, we can withdraw the amount of Rs. 500 as a minimum amount.
6. Standard Chartered Nepal Bank Limited; Commercial bank in Nepal
The bank is a subsidiary of Standard Chartered PLC. It is one of the best banking and financial services company in Nepal. Its head office is situated in New Baneshwor, Kathmandu. The CEO of the bank is Joseph Silvanus. It was established on 30th January 1987.
Since 1987 when the bank was initially registered as a joint- venture operation, it has been in operation in Nepal. In the present context, Standard Chartered Bank is an integral part of Standard Chartered Group with an ownership of 75% in the company with 25% shares owned by the Nepalese public. The Bank holds the status of the largest international bank currently operating in Nepal. In banking, Standard Chartered has a history of over 150 years.
The bank operates the services in many of the world’s fastest-growing markets with a wide-ranging global network of over 1700 branches including subsidiaries, associates and joint ventures in over 70 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom, and the Americas.
Standard Chartered employs almost 87,000 people, signifying over 115 nationalities worldwide, as it is the world most international bank. This diversity supports the Bank’s growth as the world increasingly becomes one market.
Standard Chartered Bank Nepal Ltd. is in a position to provide various banking services to its clients and customers through an extensive domestic network. Also, the global network of Standard Chartered Group gives the Bank a unique opportunity to provide international banking services in Nepal. It has 23 ATM’s all over Nepal and also man ATM’s are added in various parts of the country. It has more than 450 local staffs.
Standard Chartered Bank Nepal Limited offers a full extension of banking products and services to a wide range of clients and customers such as individuals, multinational companies, mid-market local corporate, government co-operations, large public sector companies, airlines, hotels as well as the embassies, aid agencies, NGOs and INGOs.
The Bank has been introducing ‘customer focused’ products and services in the country. It is the first Bank to execute the Anti-Money Laundering policy in Nepal. It has also applied the ‘Know Your Customer’ procedure on all the customer accounts.
The Bank delivers the shareholder value in an ethically, socially, environmentally responsible manner. It gives attention to projects that assist children, particularly in the areas of health and education. Also, Environmental projects are considered occasionally.
It also supports non-governmental organizations with charitable community activities. In 2003, the Group launched two major initiatives under its ‘Believing in Life’ campaign- ‘Living with HIV/AIDS’ and ‘Seeing is believing’.
7. Himalayan Bank Limited; Commercial bank in Nepal
Himalayan Bank Limited is the first commercial bank of Nepal with most of the shares held by the private sector in Nepal and it is one of the largest private banks of Nepal.
The Bank was integrated on January 18th, 1992 by a few prominent entities of Nepal in partnership with the Habib Bank Limited of Pakistan and Employees Provident Fund. But only in 1993 January, The bank has commenced its operations. The head office of Himalayan Bank is situated in Thamel, Kathmandu.
The CEO of the bank is Manoj B. Shrestha. As well, the Chief Executive Officer of the Bank is Mr. Ashoke SJB Rana. Among the top management, the Senior General Manager is Mr. Ejaz Qadeer Gill, and the General Manager is Mr. Sushiel Joshi. The bank also offers industrial and merchant banking service besides its commercial banking services.
The Himalayan bank has 44 branches spreading throughout the country. Inside the Kathmandu valley, Eighteen of its branches are located while the rest branches are spread across the nation.
Branches within the Kathmandu Valley:
- 1. Thamel Branch
- 2. Maharajgunj Branch
- 3. New Road Branch
- 4. Patan Branch
- 5. Bhaktapur Branch
- 6. Teku Branch
- 7. Kalanki Branch
- 8. Chabahil Branch
- 9. Sorahkhutte Branch
- 10. Naya Baneshwor Branch
- 11. Dillibazaar Branch
- 12. Satdobato Branch
- 13. Swayambhu Branch
- 14. Kaushaltar Branch
- 15. Battisputali Branch
- 16. Samakhushi Branch
- Card Center
Branches outside the Kathmandu Valley:
- Banepa Branch, Kavrepalanchowk
- Butwal Branch, Rupandehi
- Bharatpur Branch, Chitwan
- Tandi Branch, Chitwan
- Birganj Branch, Parsa
- Bhairahawa Branch, Rupandehi
- Pokhara Branch, Kaski
- Hetauda Branch, Makwanpur
- Biratnagar Branch, Morang
- Dharan Branch, Sunsari
- Nepalgunj Branch, Banke
- Itahari Branch, Sunsari
- Palpa Branch, Palpa
- Ghorahi Branch, Dang Deukhuri
- Trisuli Branch, Nuwakot
- Damak Branch, Jhapa
- Parsa Bazar Branch, Chitwan
- Baglung Branch, Baglung
- Gorkha Branch, Gorkha
- Dhangadi Branch, Kailali
- Kawasoti Branch, Nawalparasi
- Barahabise Branch, Sindhupalchowk
- Betrawati Branch, Rasuwa
- Birtamode Branch, Birtamod
- Dhading Branch, Dhading
- Ram Bazaar Branch, Ram Bazaar Pokhara
8. Nepal SBI Bank Limited; Commercial bank in Nepal
Nepal SBI Bank is the public commercial bank of Nepal. It is the first Indo-Nepal joint venture established in the financial sector aided by three institutional promoters which are State Bank of India (SBI), Employees Provident Fund and Agricultural Development Bank of Nepal through a Memorandum of Understanding which was signed on 17th July 1992. The head office of the bank is situated in Kesharmahal, Kathmandu.
The parent bank of Nepal SBI bank is State bank of India and the subsidiary is Nepal SBI Merchant Banking Ltd. The MD and CEO of the bank are Anukool Bhatnagar and the Dy CEO and COO is Subhakanta Kanungo.
It has been providing outstanding banking services to its customers all over the country with 73 service outlets, 82 ATM terminals, 2 cash Deposit Machines, and 2 mobile ATM. In the Fiscal Year 2014-15, its operating income was 2.82 billion and its Net income was 1.07 & In the fiscal year, 2015-16 AD it’s operating income was 3.37 billion and Net income was 1. Billion. About 800 employs are involving in the bank.
On 28th April 1993, Nepal SBI Bank Limited was incorporated as Public Limited Company at the Office of the Company Registrar with an Authorized Capital of Rs.12 Crores. It was licensed by Nepal Rastra Bank on 6 July 1993. From 7th July 1993, the bank commenced It’s operation effectively with 18 staff members in one full-fledged office at Durbar Marg, Kathmandu.
The staff strength has been increased to 800 workings in 56 branches, 6 extension counters, 3 Regional offices, and the corporate office. On 26th April 2006, Nepal Rastra Bank granted the fresh license to NSBL classifying it as an “A” class licensed institution under the banks and Financial Institutions Act 2063.
The authorized capital of the bank is Rs.300 Crore and the Paid up Capital is
Rs.235 Crores. Among the total share capital of the Bank, 55 percent is held by the State Bank of India, fifteen percent is held by the Employees Provident Fund and the balance is held by the general public.
The management team of the bank consists of Managing Director and CEO, Chief Operating Officer and Dy.CEO and Chief financial officer of SBI Bank for management support as per the Technical Services Agreement.
In terms of the Technical Services Agreement between SBI and the NSBL, previously it provides management support to the bank through its non- national officers including Managing Director who is also the CEO of the Bank. The bank provides wide-ranging services such as life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading, and primary dealership.
9. Nepal Bangladesh Bank; Commercial bank in Nepal
Nepal Bangladesh Bank is the public commercial bank of Nepal. It is also known as NB Bank. This bank serves for Nepal and Bangladesh. Its head office is located in Kamladi, Kathmandu. The CEO of the bank is Mr. Gyanendra Prasad Dhungana.
The bank was established in June 1994 with an authorized capital of Rs. 240 million and Paid up capital of Rs. 60 million. It is incorporated as a Joint Venture Bank with IFIC Bank Ltd. of Bangladesh. The Bank is providing its reliable banking services with a network of 43 branches all over Nepal. It is providing 7 branchless banking services with 43 ATM terminals.
The Chairman of the board of directors of NB bank is Mr. Jalal Ahmed, Director is Mr. M Shah Alam Sarwar, professional Director is Mr. Madhav Prasad Neupane, Director (Public) are Mr. Mukunda Nath Dhungel, Mr. Deepak Karki and Mr. Arun Shrestha and the Director (Promotor) are Mr. Monirul Islam.
Nepal Bangladesh Bank Ltd. has been authorized by Nepal Rastra Bank as a major’ A’ category commercial bank. Nepal Bangladesh Bank has been recorded as a public limited company with the Office of Company Registrar. Since 6 June 1994, Nepal Bangladesh Bank has began its banking activity.
Nepal Bangladesh Bank was set up with IFIC Bank Ltd., Bangladesh as a joint venture bank. The bank’s shares have been recorded since 1995 in Nepal Stock Exchange Ltd. The bank has succeeded in increasing its paid-up assets over the years with its top bureau located in New Baneshwor, Bijuli Bazar, and Kathmandu.
The bank began with a primary goal of giving hospitality to the appreciated client and with a network of about nineteen offices and a commercial bureau; the bank was effective in offering comprehensive customer services. The bank also built twenty ATMs for its clients ‘ comfort.
Not only does the bank deal with local and ordinary people, it also offers facilities to most of Nepal’s leading company buildings. The bank has been offering facilities to all from the nation’s bottom exporter to importers, which have also helped the bank, boost its prestige on the international trade market.
The company has advanced with customer assistance and is also the first company to introduce Grihini Bachat Khata’s unique loan service for females. It has assured that its appreciated client delivers the creative products and facilities according to their demands by providing every product that a commercial bank does. Export finance, purchase credit, term loan, operating assets, demand loan, agreement credit, gold credit, etc., are the multiple credit plans provided.
The main vision of this bank is to behave equally with everyone. Vision of NBB is bank for everyone.
- Completing all levels of society’s economic expectations.
- Providing outstanding customer service by providing personalized facilities and products of value.
- Giving all associated stakeholders fair yields.
- Using the recent customer satisfaction technology & behave as an efficient trigger for socio-economic development.
- Maintaining corporate governance at all concentrations of high standard.
- Core values and behavioral code / ethical principles.
Code of conduct
- Provide performance and comprehensive financial services.
- Give stakeholders importance.
- Be responsible for what we pledge to deliver.
- Demonstrate in all behavior honesty and integrity.
- In client attitude and threat awareness is measured.
- Be effective and focus on innovation.
- Strategic overall goals.
- To improve the bank, adhere to key principles and rules of behavior.
Board of director
- MR. JALAL AHMED (chairman)
- MR. INDRA BAHADUR THAPA (director)
- MR. MUKUNDA NATH DHUNGEL (director)
- MR. M SHAH ALAM SARWAR (director)
- MR. DEEPAK KARKI (director)
- MS. QUAMRUN NAHER AHMED (director)
Message from CEO
Since our founding in 1994, we are worthy of our lengthy history and 24-year legacy supporting all walks of existence. Our key’ Bank for Everyone ‘ philosophy has always been a northern star navigating us in separate moments in the midst of economic volatility.
I would like to convey my modest appreciation to: all our staff that has always shown unceasing faith and belief in serving clients; our Board of Directors who have always backed the Bank in making powerful choices in shaky moments; and our clients who helped us and stayed by us when we most required them.
We frequently explore the dynamics of the industry and define our path forward strategically. We promise to stay new and arise to represent the nation and individuals as a powerful brand. We’re the ‘ Bank for everyone ‘ after all.
HEAD OFFICE CONTACT
Kamaladi, Kathmandu, Nepal
P.O. Box: 9062
4233780/ 81/ 82/ 83/ 84/ 85
Toll free No.: 1-660-017-9771
10. Everest Bank Limited; Commercial bank in Nepal
Everest bank is the public commercial bank of Nepal. Its head office is situated in Lazimpat, Kathmandu. It is the first bank of Nepal having its a representative office in India to support Nepalese citizen remitting money and advising on banking related services.
Everest bank was commenced in 1994 and it has started its operations from the first branch at Naya Baneshwar, Kathmandu. Punjab National bank which is the largest public sector bank in India is the joint venture of Everest bank holding 20% equity.
Everest Bank Limited is providing customer-friendly services to its customers of Nepal through its wide Network connected through ABBS system that facilitates customers for operational transactions from any branches.
The bank is providing more accessible and efficient banking services through 61 Branches, 84 ATM Counters, 5 extension counter & 22 Revenue Collection Counters across the country. The bank also renders banking services to the different sectors like industries, small entrepreneurs, traders, businessmen, priority sector, and weaker section of the society and every other people who needed banking services. It has also made an
Arrangements with banks and finance companies in different countries like UAE, Kuwait, Qatar, Malaysia, UK, Bahrain, Saudi Arabia, and Singapore in order to assist Nepalese working abroad. The bank also provides facilities like saving accounts, fixed deposits, ATM card, home loan, education loan, vehicle loan, loan against share, loan against life insurance policy and loan for professionals, etc.
- Everest Bank Limited introduces Any Branch Banking System (ABBS) in Nepal for the first time.
- Everest Bank Limited introduced the branchless banking system first time in Nepal through the biometric machine.
- EBL is the bank which introduces agriculture specialized branch “KRISHI UDHYAM BIKASH SAKHA” at Rajbiraj.
Awards achieved by Everest Bank Limited;
- The bank was awarded by ASIAN PAINT NEWBIZ Award 2013 with the title of “Best Managed Commercial Bank”.
- The bank authorized as “Number 1 Bank” under CAMELS on the basis of rating conducted by KAROBAR national daily.
- The bank has been awarded the title of “Bank of the Year 2006, Nepal” by the Banker which is a publication of financial times, London.
- The bank was conferred with the title of “NICCI Excellence award” by Nepal India chamber of commerce for its spectacular performance under the finance sector.
The branches inside the valley are;
- Bagbazar Branch
- Bagdol Branch
- Baneshwar Branch(main branch)
- Balaju Branch
- Bhaktapur Branch
- Chabahil Branch
- Newroad Branch
- Golfutar Branch
- Gongabu Branch
- Gwarko Branch
- Kalimati Branch
- Kirtipur Branch
- Lagankhel Branch
- Lazimpath Branch
- Maitidevi Branch
- Phulchowk Branch
- Satungal Branch
- Teku Branch
- Thamel Branch
The branches inside the valley are;
- Baglung Branch
- Besisahar Branch
- Bhairahwa Branch
- Bhojpur Branch
- Biratnagar Branch
- Birgunj Branch
- Birtamod Branch
- Butwal Branch
- Chandranigahapur Branch
- Dhading Branch
- Dhangadi Branch
- Duhabi Branch
- Gorkha Branch
- Gularia Branch
- Itahari Branch
- Hetauda Branch
- Janakpur Branch
- Krishnanagar Branch
- Kushma Branch
- Lekhnath Branch
- Lumbini Branch
- Narayangarh Branch
- Nepalgunj Branch
- Pokhara Branch
- Rajbiraj Branch
- Sandhikharka Branch
- Simara Branch
- Surkhet Branch
- Syanja Branch
- Tatopani Branch
- Taulihawa Branch
- Tikapur Branch
- Tulsipur Branch
11.Kumari Bank Limited; Commercial bank in Nepal
Kumari bank is the Leading public commercial bank of Nepal. Its head office is situated in Putalisadak, Kathmandu and the corporate office is located in Darbar Marga, Kathmandu. The CEO of Kumari bank is Mr. Surendra Bhandari.
The bank is established on April 3rd, 2001. The bank has paid up capital of Rs. 2,699,166,532 of which 51% is contributed from promoters and remaining is from the public. It has been providing wide – a range of reliable modern banking services to it’s 150 thousand customers through 38 points of representations located in various parts of the country by 50 branches located outside and 24 branches located inside the valley; and 2 extension counters.
Also, it has 57 ATM all over Nepal. The bank is providing some of the latest and beneficial banking services like E-Banking and SMS Banking services in Nepal. the bank has been providing banking facilities 365 days, extended banking hours till 7 PM in the evening, inward and outward Remittance services, Utility Bill Payment Services,
Online remit Services and various other banking services. Visa Electron Debit Card can be accessible in entire VISA linked ATMs including 46 own ATMs)and POS (Point of Sale) terminals both in Nepal and India.
- Kumari Bank is the first bank to start a mobile banking service. The bank facilitates the customers by providing inquiries and transitional information via text message.
- Kumari Bank is the first ever commercial bank to provide ‘Internet Banking service” to its customers. This service allows customers with the flexibility to take control of banking activities via the internet.
- Kumari Mobile Banking is the latest service offered by Kumari Bank Ltd. exclusively for Kumari Bank customer.
12. Bank of Kathmandu Limited; Commercial bank in Nepal
Bank of Kathmandu limited is the public commercial bank of Nepal. Its head office is located in Teendhara Marg, Kamaladi, Kathmandu, Nepal. The bank of Kathmandu is the prominent name in the banking sector of Nepal which is formed by merging Bank of Kathmandu and Lumbini bank.
Bank of Kathmandu was established in 1995 A.D. and has started its operation in March 1995 with the objective to stimulate the Nepalese economy and take it to newer heights. It is one of the few commercial banks, entirely managed by Nepalese professionals and owned by the general public.
On Poush 9 2072, The two banks, Bank of Kathmandu and Lumbini bank had signed a Memorandum of Understanding for the merger.
After receiving the in principle consent from Nepal Rastra Bank, both banks entered into Merger. The bank offers the financial services and dedicates the progress and growth of the institution to the community, customers, employees, and stakeholders by promoting economic growth and becoming a caring corporate citizen, providing excellent customer services by offering personalized quality services and products.
The products and services offered by the bank are project financing, trade financing, working capital financing, syndicated loan arrangement, consortium lending, retail banking, housing loans, vehicle loans, personal loans, current account, call account, education loans, , saving accounts, , fixed deposits, small scale project financing and other business credits.
The Bank of Kathmandu is providing its reliable services through its 72 branches, 7 extension counters, 24 branchless Banking Service point all over the country. It has also the 67 ATM across the country. More than 800 employees are involved to carry out the banking services smoothly.
13. Nepal Credit and Commerce Bank Limited; Commercial bank in Nepal
It is the first private sector bank. The head office is situated in Siddharthanagar, Rupandehi and the corporate bank is situated in Bagbazar, Kathmandu. Initially, it was named as Bank of Ceylon Ltd during its establishment.
On 10th September 2002, the name of the bank was changed to Nepal Credit and Commerce Bank Limited due to the transfer of shares and management of Bank. NCC Bank provides banking facilities and services to rural and urban areas of the country throughout the country through its 24 branches. The Bank has developed a corresponding agency relationship with more than 150 International Banks having a worldwide network.
Recently, NCC bank has publicized for blending process with Kumari Bank Limited along with other four development banks which are Supreme Development Bank Ltd, International Development Bank Limited, Infrastructure Development Bank Ltd, and Apex Development Bank Ltd in order to make NPR 8 billion.
The bank has developed a coalition with ICICI Bank to facilitate its customers to remit their money to more than 670 locations in India through ICICI Bank branches and their contributor banks in India. Also, through Speed Arrangement or through Demand Draft Arrangement, the customers can transfer money to India. It is also connected to other parts of the world through numerous banks in Asia, Europe, and North America.
14. Laxmi Bank Limited; Commercial bank in Nepal
Laxmi bank is the private banking institution of Nepal. It was established in April 2002. Its head office is situated in Hattisar, Kathmandu. The CEO of the bank is Mr. Sudesh Khaling.
In 2004, Laxmi Bank was merged with HISEF Finance Limited which is the first generation finance company. So, This merging is the first merger in Nepali corporate history. Under the Banks and Financial Institutions act of Nepal, Laxmi Bank is categorized as the ‘A’ level Financial Institution and was reregistered in 2006. In the Nepal Stock Exchange, the Bank’s shares are listed and actively traded. The Bank has currently a paid-up capital of Nepalese Rupees 2.33 Billion.
- Promoter Group – 55.42%
- Citizen Investment Trust -9.02%
- General Public – 35.56% with more than 10,000 Shareholders
The bank has its branch network spread across the country. Also. The subsidiaries of Bak are;
- Laxmi Capital Market Limited (100%)
- Laxmi Laghubitta Bittiya sanstha ( 70%)
Locations of the branches within the Kathmandu valley;
- Hattisar (Head Office)
- New Road
- New Baneshwor
Locations of Branches outside the Kathmandu Valley;
15. Global IME Bank Limited; A Class Nepali Bank
Global IME bank is the “A” class commercial bank in Nepal providing the entire commercial banking services. The bank was established in 2007 with the largest capital base with a paid up capital of Rs. 1 billion. The paid up capital of the bank has been increased to Rs. 4.14 billion.
In the Nepal Stock Exchange, the bank’s shares are traded publicly as an “A” category company. The bank has been maintaining communicating relationships with 74 different international banks from various countries in order to provide services like trade, remittance, and other cross border services.
The bank is able to provide banking services in any major currencies in the world through these contributors. The bank also made offices extending in India and the Middle East in order to promote the remittance of funds from overseas Nepalese workers. These services of global IME bank are planned to be expanded to South Korea.
Global IME Bank Limited is now operating with reliable services via 94 branches and 6 extension counters spreading across Nepal. All of the bank’s branches have been established as full-service outlets. The bank has 103 ATM’s all over the country.
16. Citizens Bank International Limited; A Class Nepali Bank
Citizens Bank International Limited is a public commercial bank of Nepal. It is categorized as the class “A” bank. The head office of the bank is situated in Sharada Sadan, Kamaladi Kathmandu. It is established on June 21st, 2007. The director of the bank is Shankar Prasad Sharma and the CEO is Mr. Rajan Singh.
It provides most of the banking products and services such as citizens koseli nichhep yojana, citizens sharedhani bachat khata, senior citizen savings, citizens matribhumi bachat, citizens Mahila bachat, citizens Muna bachat, citizens recurring deposit, citizen zero balance account, citizens rastrasewak saving, citizens special savings, citizens bidhyarthi bachat, Dashain Tihar muddapi nichhep yojanaa, citizen dollar saving, citizen super saving account, citizen saving, citizen euro saving, citizen GBP saving, citizen fixed deposit, citizens call deposit, citizens education loan, citizens mofashal bachat khata, corporate and commercial finance, citizens home loan, citizens mortgage loan, and other loans.
It also provides the facilities like ATM services, utility payment, debit card, facility of locker, pay bill facility and branch-less banking facilities through its 57 branches throughout the country. It has 35 ATMs scattered in different places in the country.
The bank covers 20 districts of Nepal which are Banke, Bhaktapur, Bara, Chitwan, Dang, Humla, Dhanusa, Dolkha, Humla, Jhapa, Kailali, Kanchanpur, Kaski, Kathmandu, Lalitpur, Morang, Magdi, Makwanpur, Parsa, Rupandehi, Sunsari, Surkhet, and Udaypur respectively.
17. Prime Commercial Bank Limited; A Class Nepali Bank
Prime Commercial Bank is the public commercial bank of Nepal. It was established in September 2007. Its head office is situated in Katmandu. This bank is categorized as A class financial institution under the “Banks and Financial Institutions Act” of Nepal and licensed by Nepal Rastra Bank.
It has branches spreading all over the country. The bank has been maintaining harmonious relationships with various international banks of various countries to provide the reliable services like trade, remittance, and other cross border services and the bank can do the transactions in major currencies of the world.
This bank has been established by well-known business personnel and Professionals from diversified areas with a key objective of providing ‘Banking Services to Everyone’ in the country where a large number of the population are deprived of Banking Services. In Nepal Stock Exchange, the Bank’s shares are listed and actively traded.
18. Sunrise Bank Limited; A Class Nepali Bank
Sunrise bank limited is the public commercial bank of Nepal. The bank has its head office in Kathmandu and corporate office in Gairidhara Kathmandu. The bank is categorized as “A” class commercial bank licensed by Nepal Rastra Bank. It is providing its services through 50 branches scattered throughout the country.
It has twenty-three branches inside the valley and twenty-seven branches outside the valley. The bank has an authorized capital of Rs. 5,000 million and the paid-up capital of Rs. 2,015 million whereas initial public offering is Rs. 375 million. It has its ATMs at various locations throughout the country. Through these branches and ATMs, it has been providing trustworthy services to the customers with easiness and their convenience.
The individuals and household who save money from their regular earning, the bank offers a normal saving deposit with the allowance of using it when needed.
It also provides facilities such as VISA card, checkbook, and insurance coverage for permanent disability and accidental death under saving and deposit scheme. It also offers fixed deposit services with a minimum balance of only twenty-five thousand rupees. Also, it has various loan schemes, short and long, as per the requirement of the customers.
1. Attarkhel Branch
2. Baniyatar Branch
3. Bhaisepati Branch
4. Bhaktapur Branch
5. Bouddha Branch
6. Budhanilkantha Branch
7. Chabahil Branch
8. Gaushala Branch
9. Gabahal Branch
10. Gothatar Branch
11. Gongabu Branch
12. Kalanki Branch
13. Jyatha Branch
14. Kalimati Branch
15. Khusibu Branch
16. Lagankhel Branch
17. Luvu Branch
18. Maharajgunj Branch
19. New Road Branch
20. New Road Branch 2
21. Pharping Branch
22. Putalisadak Branch
23. Shankhamul Branch
24. Sitapaila Branch
25. Taukhel Branch
26. Tinkune Branch
19. NMB Bank Nepal Limited; A Class Nepali Bank
NMB bank is the leading commercial bank of Nepal. It is licensed as the “A” class financial institution by Nepal Rastra Bank. It is established in 2008 and has been operating in the Nepalese market of finance for over twenty years. Its head office is located in Babarmahal, Kathmandu.
The Bank has a Joint Venture Agreement with a bank of Netherland which holds 20% of bank shares and also it is the largest shareholder of the bank. In September 2016, the Bank signed a Joint Venture Agreement with the bank of Netherland.
The bank also got merged with the four institutions which are;
- Bhrikuti Development Bank
- Pathibhara Bikas Bank
- Prudential Finance Company
- Clean Energy Development Bank
20. NIC Asia Bank Limited; A Class Nepali Bank
NIC Asia bank is the public commercial bank of Nepal. It was established on 21st July 1998. Nepal Industrial & Commercial Bank (NIC) bank successfully and completely merged with another class A commercial Bank named Bank of Asia and started joint operations from 30th June 2013. After the migration of the banks, market share of the NIC ASIA increased from 2.06% in mid-July 2012 to 3.19% in mid-July 2013 in terms of deposit and from 2.21% in mid-July 2012 to 3.34%.
Also, the branch network of the bank has increased to 67 from 33 branches before the merger. The bank is serving its customers through its reliable banking services from 117 branches and more than 800 employs are providing services through the branches throughout the country. NIC Asia is planning to expand its branches. The bank as 61 ATM’s spreading throughout the country.
NIC ASIA was named as Bank of the Year (Nepal) twice by The Banker, Financial Times, the UK in the years 2007 and 2013.
21. Machhapuchchhre Bank; A Class Nepali Bank
Machhapuchchhre bank is the first regional commercial bank from the western development region. The head office of the bank is located in foothills of mount Machhapuchchhre in the Pokhara since 2000. The bank is categorized as the “A” class commercial bank and licensed by Nepal Rastra Bank.
Machhapuchchhre Bank Limited is providing its services through 62 Branch Offices, 4 Extension Counters scattered throughout the country. It also provides 4 nonbranch banking services. It consists of 78 ATMs spread all across the country. This bank is one of the full fledged commercial banks operating in Nepal. It has many branches scattering all over Nepal.
22. Mega Bank; A Class Nepali Bank
Mega Bank Nepal Limited is a public commercial bank in Nepal. The bank is categorized as an ‘A’ class commercial bank and is licensed by Nepal Rastra Bank. The head office of the bank is situated in Rising Mall, Kamaladi, Kathmandu. Mega Bank was established in August 2010. The chairman of Megabank is Mr. Bhoj Bahadur Shah. In Nepal Stock Exchange, The bank’s shares are publicly traded as an ‘A’ category company.
The bank has been maintaining harmonious relationships with various international banks of various countries in order to provide services like trade, remittance, and other cross-border services. Through these correspondents, the bank is able to provide its banking services in any major currencies in the world.
23. Civil Bank; A Class Nepali Bank
The civil bank is the public commercial bank in Nepal. It is established on November 26th, 2010. The bank is categorized as the Class “A” financial institution and licensed by Nepal Rastra Bank. The head office of the bank is situated in Kamaladi, KMC-31, Kathmandu. The CEO of Bank is Mr. Govinda Gurung.
The bank was established on 26th November 2010 with a paid-up capital of NPR 1.20 billion which was later raised to 2.00 billion by issuing ordinary shares. The paid-up capital of the bank has since been increased to NPR 2.69 billion.
The bank is in the process of levitation of paid-up capital to 4.70 billion by acquiring International Leasing and Finance Company Limited. In the Nepal Stock Exchange, the shares of the bank are traded as an ‘A’ category company.
Civil Bank Limited is now serving its customers by operating 42 branches and several branch-less banking counters spread throughout Nepal. All of the branches of the bank have been established as full-service outlets offering a large range of banking services to its customers. The bank also operates 33 ATMs throughout the country deliberately placed for the easiness of customers.
24. Century Bank Limited; A Class Nepali Bank
Century Bank is the public commercial financial institution of Nepal. Century Bank is categorized as ‘A’ class commercial financial institution which is licensed by Nepal Rastra Bank. The head office of the bank is situated in Ramshah Path, Putalisadak, Kathmandu.
From 23rd January 2011, Century Commercial Bank Ltd has been in operation in Nepal. In Nepal stock exchange, the shares of the bank are traded like the shares of ‘A” class company. The bank is maintaining the congenial correspondent relationships with various international banks of different countries to facilitate the services such as trade, remittance, and other cross border services and from these correspondents, the bank is able to provide services in any major currencies in the world.
The bank is being provided its reliable services of banking through its 31 branches including head office. And also, it has 12 ATM scattered in different places in the country.
The bank has its branches in 20 districts of Nepal which are Banke, Bhaktapur, Bhojpur, Chitwan, Dhading, Dhanusa, Jhapa, Kailali, Kaski, Lalitpur, Mahottari, Makwanpur, Morang, Kathmandu, Khotang, Parsa, Rautahat, Saptari, Siraha, and Sarlahi respectively.
25. Sanima Bank Limited; A Class Nepali Bank
Sanima Bank is the public commercial financial institution of the country. Sanima Bank has commenced its operation on December 6th, 2004 as a National Level Development Bank. On 2012, Sanima bank was categorized as the “A” class commercial financial institution and received the license from Nepal Rastra Bank. The head office of the bank is situated in Nagpokhari, Kathmandu.
The authorized capital is Rs. 5,000,000,000, issued capital is Rs. 3,060,288,000 and the paid up capital is Rs. 3,060,288,000. The promoters hold 51% off Share and General Public holds 49% of the share. Sanima bank has 46 branches spreading within and outside the Kathmandu valley. The bank is planning to expand its branches in various parts of the country.
26. Janata Bank; A Class Nepali Bank
Janata Bank is an “A” class commercial bank of Nepal. The head office of the bank is located in Naya Baneshwor, Kathmandu. The bank received the operating license from Nepal Rastra Bank. In Nepal Stock Exchange, the Bank’s shares are publicly traded as the “A” category company. It is providing its banking services to its customers through branches scattered all over Nepal.
27.Siddhartha Bank; A Class Nepali Bank
Siddhartha bank is one of the largest private commercial financial institutions of Nepal. The bank is categorized as the “A” class commercial bank and is licensed by Nepal Rastra Bank. It has its a head office in Kathmandu. It is providing its reliable banking services through its 64 branches. In Nepal Stock Exchange, the shares of the bank are traded publicly as an “A” category company.
28. Prabhu Bank; A Class Nepali Bank
Prabhu Bank is the “A” class commercial bank of Nepal. It received the operating license from Nepal Rastra Bank. Its head office is situated in Kathmandu.
The Bank has gone through the various phases of its growth track over a short period of its existence. In 2016, merging of Grand Bank Nepal Limited, Kist Bank Ltd, Prabhu Bikash Bank Ltd, Gaurishankar Development Bank Ltd, and Zenith Finance Ltd made the Prabhu bank in attaining the status of “A” class financial institution.
The Bank has completed years of journey with upbringing the expansion of a network of 136 branches across the country. It has deliberately installed 122 ATMs across the country. It is serving the customer base of 750,000 among the private sector commercial banks in Nepal with it’s best and reliable financial services.
In Nepal, these banks are serving the Nepalese people and are helping in the development of the country. Most of these banks are also attentive in promoting various awareness and developing programs. These banks are also helping in uplift the economic condition of the country.
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