Nabil Bank Explained

Nabil Bank Limited
नबिल बैंक लिमिटेड
Type:Public
Predecessor:Nepal Arab Bank Ltd
Location City:Nabil Center, Durbarmarg, Kathmandu
Location Country:Nepal
Key People:Upendra Poudyal (chairman)
Gyanendra Prasad Dhungana (CEO)
Area Served:Nepal
Num Locations:268 Branches
Num Locations Year:2024 [1]
Products:Banking Consumer banking, corporate banking, finance and insurance, investment banking, savings, securities,
Industry:Banking, financial services
Net Income: [2]
Net Income Year:2022
Num Employees:2239 [3]
Subsid:Nabil Investment Banking Ltd.,[4] Nabil Stock Dealer Limited.[5]

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

History

Founded in 1984, the bank has 7 province offices and 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 268 branch offices,[6] 316 ATMs,[7] 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.[8]

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[9] after the tenure of the celebrity banker Anil Keshary Shah was over.[10] [11]

Ownership structure

The Bank currently has a paid-up capital of Nepalese Rupees 27.06 Billion (as of FY 2023/24) [12]

Subsidiaries

The bank's subsidiaries are as follows:

External links

Notes and References

  1. Web site: Nabil Bank Limited .
  2. Web site: 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. Web site: नबिल र एनबी बैंकबीच सम्झौता सम्पन्न, प्राप्तिपछि यस्तो हुनेछ बैंकको आकार | Clickmandu.com . 13 January 2022 .
  4. Web site: Learn more about our company | Nabil Invest . 28 June 2022 .
  5. Web site: Who We Are - Nabil Stock Dealer . 24 Feb 2024 .
  6. Web site: Nabil Bank Limited .
  7. Web site: Nabil Bank Limited .
  8. Web site: Nabil Bank Limited.
  9. Web site: 1 July 2022 . Nabil Bank's newly-appointed CEO Gyanendra Prasad Dhungana assumes office . Nepal LIVE Today.
  10. Web site: Satyal . Manoj . 26 June 2022 . 'सबैलाई चासो छ, अब जुँगेले के गर्छ?' . Setopati.com . Nepali.
  11. Web site: 21 June 2022 . Mr. Anil Keshari Shah Tenure as CEO of Nabil Bank Finally Comes To an End . sharesansar.com . en.
  12. Web site: https://nepalstock.com.np/company/detail/131.
  13. Web site: Home . nabilinvest.com.np.
  14. Web site: Home . nabilstockdealer.com.np.