Himalayan Bank Limited (HBL) is one of the largest private

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

s in

Nepal Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is mai ...

. The Bank was incorporated in 1992 by a few eminent individuals of

in partnership with the Employees Provident Fund and

Habib Bank Limited Habib Bank Limited ( ur, ) abbreviated as HBL, is a Pakistani multinational bank based in Habib Bank Plaza, Karachi, Pakistan. Founded in 1939 by the Habib Family, HBL became Pakistan's first commercial bank. In 1951 it opened its first inter ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. The bank commenced its operations in January 1993. Himalayan Bank is also the first

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

of Nepal with most of its shares held by the private sector of Nepal. Besides commercial banking services, the bank also offers industrial and

merchant banking A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodi ...

service. With its head and corporate office at Kamaladi,

Kathmandu , pushpin_map = Nepal Bagmati Province#Nepal#Asia , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = Province , subdivision_name1 = Bagmati Prov ...

, the bank has 71 branches. Eighteen of its branches are located inside the

Kathmandu Valley The Kathmandu Valley ( ne, काठमाडौं उपत्यका; also known as the Nepal Valley or Nepa Valley ( ne, नेपाः उपत्यका, Nepal Bhasa: 𑐣𑐾𑐥𑐵𑑅 𑐐𑐵𑑅, नेपाः गाः)), ...

while the rest are spread across the nation (

comprises

Kathmandu , pushpin_map = Nepal Bagmati Province#Nepal#Asia , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = Province , subdivision_name1 = Bagmati Prov ...

, Lalitpur and

Bhaktapur , motto = ne, पुर्खले सिर्जेको सम्पत्ती, हाम्रो कला र संस्कृति , lit=Creation of our ancestors, our heritage and culture , image_map ...

Districts). Besides, a branch looking exclusively at electronic cards and related products, is based in

Patan, Lalitpur Lalitpur Metropolitan City, historically Patan ( sa, पाटन ''Pāṭana'', Nepal bhasa : '' Yela'', ), is the fourth most populous city of Nepal after Kathmandu, Pokhara and Bharatpur, and it is located in the south-central part of Kat ...

. Mr. Ashoke SJB Rana is the Chief Executive Officer of the Bank. Among the top management are Mr. Ujjal Rajbhandary, General Manager and Mr. Anup Maskey, General Manager.

External links

Official Website

References

Aga Khan Development Network Banks of Nepal Banks established in 1993 1993 establishments in Nepal {{nepal-stub