Nabil Bank

Nabil Bank Limited (Nepali: नबिल बैंक लिमिटेड; NEPSE: 131 previously known as Nepal Arab Bank Limited) is the first private commercial bank in Nepal.

Nabil Bank Limited
नबिल बैंक लिमिटेड
TypePublic
NEPSE: 131
IndustryBanking, financial services
PredecessorNepal Arab Bank Ltd
Founded12 July 1984 (1984-07-12)
Headquarters
Nabil Center, Durbarmarg, Kathmandu
,
Nepal
Number of locations
248 Branches (2023 [1])
Area served
Nepal
Key people
Upendra Poudyal (chairman)
Gyanendra Prasad Dhungana (CEO)
ProductsBanking Consumer banking, corporate banking, finance and insurance, investment banking, savings, securities,
Increase रू497 crore (US$39 million)[2] (2022)
Number of employees
2239 [3]
SubsidiariesNabil Investment Banking Ltd.[4]
Websitenabilbank.com

History

Founded in 1984, the bank has branches across the nation and its head office in Durbar Marg, Kathmandu.

It began as the first bank in Nepal incepted by multinational (primarily foreign) investors (as Nepal Arab Bank Ltd) on 12 July 1984. The bank was incorporated with the objective of providing modern, international-standard financial services to businesses.

Its Dubai government-owned majority share was purchased in 1995 by Nepal's only billionaire businessman, Binod Chaudhary. It maintains its head office at its Nabil Center, Durbar Marg flanking the chief avenue of the capital leading to its grand palace. Nabil Bank operates through its wide network of 248 branch offices,[5] 271 ATMs,[6] numerous POS terminals, and remittance agents spread across the nation.

The Bank also has more than 200 international correspondent banking relationships. Nabil Bank operates its investment banking arm through its subsidiary Nabil Investment Banking Ltd.[7]

Nabil bank had acquired Nepal Bangladesh Bank in July 2022.

On 22 December 2022, Nabil Bank launched nBank, a neo banking service that works as a virtual branch of the bank.

Gyanendra Dhungana was appointed the chief executive officer on 1 July, 2022[8] after the tenure of the celebrity banker Anil Keshary Shah was over.[9] [10]

References
  1. "Nabil Bank Limited".
  2. "Nabil Bank Limited has posted a net profit of 4.97 billion and published its 4th quarter company analysis of the fiscal year 2078/79". 15 December 2016.
  3. "नबिल र एनबी बैंकबीच सम्झौता सम्पन्न, प्राप्तिपछि यस्तो हुनेछ बैंकको आकार | Clickmandu.com". 13 January 2022.
  4. "Learn more about our company | Nabil Invest". 28 June 2022.
  5. "Nabil Bank Limited".
  6. "Nabil Bank Limited".
  7. "Nabil Bank Limited".
  8. "Nabil Bank's newly-appointed CEO Gyanendra Prasad Dhungana assumes office". Nepal LIVE Today. 1 July 2022.
  9. Satyal, Manoj (26 June 2022). "'सबैलाई चासो छ, अब जुँगेले के गर्छ?'". Setopati.com (in Nepali).
  10. "Mr. Anil Keshari Shah Tenure as CEO of Nabil Bank Finally Comes To an End". sharesansar.com. 21 June 2022.


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