Kathmandu. KATHMANDU: Nabil Bank, the first private sector commercial bank of Nepal, has been celebrating 43rd year of its establishment.
Established in 1984, the bank has been playing a pivotal role in modernizing the banking sector of Nepal and strengthening the national economy for the past four decades with a philosophy of ‘Banking & Beyond’.
The bank was initiated with the vision of Nepal’s sole billionaire entrepreneur Binod Chaudhary to provide modern banking services of international standard, today it has been established as one of the most reliable and leading financial institutions of Nepal.
Till the third quarter of the financial year 2082-83, the bank has achieved historic success in the financial indicators. Presently, the bank has collected deposit of Rs 588.85 billion and extended loan of Rs 464.10 billion.
The bank has invested Rs 53.31 billion in agriculture, Rs 51.06 billion in energy, Rs 45.92 billion in small and medium enterprises and Rs 11.10 billion in tourism sectors for the country’s sustainable development.
This data confirms that the Bank’s investment is not only focused on profit but also in the development of the productive sector of the country. In terms of service expansion, the bank has a strong presence across the country. The bank at present has been rendering professionalized services through 264 branches, 315 ATMs and 18 extension counters across the country. The bank which started with 2 branches and 144 employees at the time of its establishment has 2,464 skilled employees.
The bank has been providing 100% digital banking services through the ‘N-Bank’ App launched in 2022 giving top priority to digital transformation. With an aim to make the app a leading ‘Financial Super App’ of Nepal, the bank has provided a wide range of facilities ranging from opening accounts to international payments from the comfort of their homes.
Nabil Bank in its 42 year journey has set new benchmarks in terms of Corporate Governance, Transparency and Professionalism. The bank being the recipient of 8 awards for “Highest Taxpayer” and 10 “National Best Presented Annual Report” awards reflects its commitment to financial governance.
With 42 years of experience, strong capital base and state-of-the-art technology, the bank is now poised to write the next chapter of economic transformation in Nepal. The bank pledged to play a stronger role in the country’s prosperity in the coming days by creating long-term value for stakeholders through sustainable development, green finance and excellent customer service.
