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Nepal Bank Limited

The oldest bank of Nepal, Nepal Bank Limited was established on November 15, 1937 (=1994 B.S. Kartik 30). NBL's authorized capital was Rs. 10 million & issued capital Rs. 2.5 million of which paid-up capital was Rs. 842 thousand with 10 shareholders. It is the first bank of Nepal to establish under the principle of Joint venture (Joint venture between govt. & general public).

Vision
To remain the leading financial institution of the country.

Mission:
Nepal Bank Limited seeks to provide an environment within which the bank can bring unique financial value and services to all customers. It will be a sound institution where depositors continue to have faith in the security of their funds are receive reasonable returns; borrowers are assured of appropriate credit facilities at reasonable prices; other service- seekers receive prompt and attentive service at reasonable cost; employees are paid adequate compensation with professional career growth opportunities and stockholders receive satisfactory return for their investment.

 

Website of the Nepal Bank Limited: www.nepalbank.com.np

 

 

News about the Nepal Bank
08-04-2013:
Nepal Bank is planning to float right shares soon. “Nepal bank will issue right share soon after mid-April,” informed the coordinator of Nepal Bank Maheshwor Lal Shrestha briefing the branch chiefs in the two-day regional interaction.

16-11-2011:
Nepal Bank Ltd marks 75th anniversary. On the occasion, President Yadav expressed happiness at the bank’s services provided through 112 branches across the country.

06-01-2011:
Nepal Bank Limited management has sped up the process of appointing a new chief executive officer, after Nepal Rastra Bank decided to pull itself out from the bank’s management.

24-09-2009:
The crisis resulted due to the shortage of higher denomination currency notes has also affected the monetary transactions in financial institutions outside of the Kathmandu Valley. Damauli branch of Nepal Bank Limited stopped all its transactions from yesterday after Nepal Rastra Bank Pokhara branch office failed to provide money.

19-09-2009:
Nepal Bank Ltd (NBL) has resumed services from four branches, which are among the branches that were closed during decade-long Maoist insurgency, for the benefit of service seekers. The branches in Surunga and Gauradaha of Jhapa district, Barahathawa of Sarlahi and Jitpur of Bara district were inaugurated separately on Thursday.

22-08-2009:
Indreni Soybean of Kathmandu and United Brewery of Hetauda have paid their outstanding loans to Nepal Bank Limited (NBL) although there was no collateral security for the loans.

17-08-2009:
Nepal Bank Limited, the country’s oldest bank, earned a profit of Rs. 1.113 billion, including taxes and bonuses, during the fiscal year 2065/066. During the period, the bank was able to make a net profit of Rs. 794.4 million. The operating profit of the bank stood at Rs. 59.26 million in the same period.

16-05-2009:
Nepal Bank Limited (NBL) has reopened its branch in Dumre Bazaar in Tanahun district. The bank had merged the branch with Damauli branch in 2002, citing security concerns during the conflict. The restart of banking services at Dumre will directly facilitate NBL customers in 40 VDCs of Tanahun, Gorkha and Lamjung. Narahari Dhakal, coordinator of the NBL Management Committee had inaugurated the reinstated branch Thursday

06-02-2009:
Nepal Bank Ltd posted Rs 458.8 million net profit, an increase by 546 per cent, in the first six months of this fiscal year against last fiscal’s Rs 69.6 million net profit in the corresponding period. The deposit also increased by 7.84 per cent to Rs 42.90 billion.

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Nepal images / twitter