Nabil Bank Limited ( ne, नबिल बैंक लिमिटेड; previously known as Nepal Arab Bank Limited) is the first
private 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 co ...
in
Nepal
Nepal (; ne, :ne:नेपाल, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne,
सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in S ...
. Founded in 1984, the bank has branches across the nation and its head office in Durbar Marg,
Kathmandu
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.
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
Durbar Marg or Durbarmarg ( ne, दरबारमार्ग; informally known as ''King's way'') is a broad, long avenue in the Nepali capital, Kathmandu. It can be considered the heart of the city, akin to the Champs Elysées and the chief ave ...
flanking the chief avenue of
the capital
''The Capital'' (also known as ''Capital Gazette'' as its online nameplate and informally), the Sunday edition is called ''The Sunday Capital'', is a daily newspaper published by Capital Gazette Communications in Annapolis, Maryland, to serve ...
leading to its grand palace. Nabil Bank operates through its wide network of 248 branch offices, 271 ATMs, 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.
Nabil bank had acquired
Nepal Bangladesh Bank in July 2022.
On 22 December 2022, Nabil Bank launche
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 after the tenure of the celebrity banker Anil Keshary Shah was over.
External links
Official Website
References
Banks of Nepal
Banks established in 1984
1984 establishments in Nepal
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