Prabhu Bank Explained

Prabhu Bank
प्रभु बैक लिमिटेड
Foundation:2001
Hq Location:Babarmahal, Kathmandu
Num Locations:217
Num Locations Year:2022
Key People:Lila Prakash Sitaula (chairman)
Ashok Sherchan (CEO)
Products:Banking, Loans, Credit card, Savings, Investment, Merchant banking
Area Served:Nepal
Industry:Banking
Net Income: [1]
Net Income Year:2022
Num Employees:2000+
Homepage:www.prabhubank.com
Subsid:Prabhu Capital Ltd.[2]

Prabhu Bank Limited[3] is a commercial bank in Nepal. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank[4] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.

The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.[5]

Ownership structure

The Bank currently has a paid-up capital of Nepalese Rupees 23.54 Billion (as of FY 2023/24) [6]

Subsidiaries

The bank's subsidiaries are as follows:

Correspondent Network

The bank has been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance, and other cross border services. Through these correspondents, the bank is able to provide services in any major currencies in the world.

External links

See also

Notes and References

  1. Web site: Prabhu Bank Limited has posted a net profit of Rs 2.60 billion . 23 July 2022 .
  2. Web site: about prabhu capital .
  3. Web site: Home . prabhubank.com.
  4. Web site: Home . nrb.org.np.
  5. Web site: Home . nepalstock.com.
  6. Web site: Home . www.nepalstock.com.np.
  7. Web site: Home . prabhucapital.com.
  8. Web site: Home . prabhustock.com/.