Prabhu Bank Limited is a
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 ...
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 is an ‘A’ class commercial bank licensed by
Nepal Rastra Bank
The Nepal Rastra Bank (NRB) ( ne, नेपाल राष्ट्र बैंक) was established April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilit ...
and has branches all across the nation with its head office in
Kathmandu
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, subdivision_type = Country
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, subdivision_type1 = Province
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which provides entire commercial banking services.
The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. It is one of the highest-earning banks in Nepal and is one of the banks having the highest number of shareholders.
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.
Network
Prabhu bank limited is merged with Century Bank in January 2023. Prabhu bank limited acquired Kist bank and others 2 banks (Prabhu Bikash Bank) in 2016 and 2015 respectively.
External links
Official Website of Prabhu Bank Limited
See also
*
list of banks in Nepal This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank.
Class A: Commercial banks
Commercial banks are rated as Class "A" banks by the Nepal Rastra Bank. There are 21 commercial banks as of 24 February 2023. ...
*
Commercial Banks of Nepal
References
{{reflist
Banks of Nepal
Banks with year of establishment missing