Nepal Bangladesh Bank Explained

Nepal Bangladesh Bank Ltd.
Type:Public
Traded As:NEPSE

NBB

Foundation:June 1994
Location:Kamladi, Kathmandu, Nepal
Key People:A.R.M Nazmus Sakib (Chairman)M Shah Alam Sarwar (Director)
Area Served:Nepal, Bangladesh
Industry:Banking

Nepal Bangladesh Bank Ltd. (Nepali: नेपाल बाङ्लादेश बैंक) also known as NBB (Nepali: एन.बी.बी.) or NB Bank was a public owned commercial bank in Nepal.[1] It was established in June 1994 with an authorized capital of Rs. 240 million and paid up capital of Rs. 60 million as a joint venture Bank with IFIC Bank of Bangladesh. The Nabil Bank Ltd. successfully acquired Nepal Bangladesh Bank Ltd. hence starting a joint venture from 11 July 2022. The bank will further operate in the name of Nabil Bank Limited.[2]

Its head office was at Kamaladi-28, Kathmandu. It had a network of 111 branches, 8 Extension Counters, 5 Branchless banking, and 87 ATM terminals. It also provides e-banking and mobile banking services.

References

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Notes and References

  1. Web site: NB Bank mgt. under the control of the new team . nepalbiznews.com . https://web.archive.org/web/20071121120603/http://www.nepalbiznews.com/newsdata/Biz-Special/Trade/nepalbangladeshbank.html . 21 November 2007.
  2. Web site: You are being redirected... . 2022-07-14 . thehimalayantimes.com.
  3. Web site: Nabil, Nepal Bangladesh banks sign merger agreement - OnlineKhabar English News . 14 January 2022 .