NMB Bank Nepal
{{Short description|Nepalese commercial bank}}
{{Infobox company
| type = Public
| name = NMB Bank Limited
एनएमबि बैंक लिमिटेड
| logo = NMB Bank Logo.png
| logo_size = 220px
| traded_as = NEPSE: NMB[http://www.nepalstock.com/company/display/238 NMB]
| foundation = {{start date |2008}}
| location_city = Babarmahal Kathmandu
| location_country = Nepal
| locations = 202 Branches
| key_people = Mr. Manoj Kumar Goyal (Chairperson)
Mr. Govind Ghimire (CEO)
| industry = Banking, financial services
| products = Banking Consumer banking, corporate banking, savings, securities
| net_income = {{Increase}} {{NPRConvert|370|c}}{{cite web | url=https://www.sharesansar.com/announcementdetail/nmb-bank-limited-has-posted-a-net-profit-of-rs-370-billion-and-published-its-4th-quarter-company-analysis-of-the-fiscal-year-207879-2022-08-04 | title=NMB Bank Limited has posted a net profit of Rs 3.70 billion | date=4 August 2022 }}
| net_income_year = 2022
| num_employees = 1900+
| subsid = NMB Capital Ltd.{{cite web | url=https://www.nmbcl.com.np/ourstory | title=NMB Capital's story | date=28 June 2022 }}
| website = {{URL|http://www.nmb.com.np/}}
}}
NMB Bank Nepal is a commercial bank in Nepal with headquarters in Kathmandu. The bank is licensed by central bank of Nepal, the Nepal Rastra Bank, and has 202 branches across the nation providing retail and commercial banking services.
The bank's shares are publicly traded on the Nepal Stock Exchange.{{cite web |url=http://www.nepalstock.com/ |title=Home |website=nepalstock.com}} The Bank has a joint venture agreement with Netherlands Development Finance Company (FMO) a Dutch development bank which holds 13.69% of the bank's shares and is the largest shareholder of the Bank.
History
It was founded in May 2008 and is licensed as an "A" class financial institution. It was created as a merger with four financial institutions, Bhrikuti Development Bank, Pathibhara Bikas Bank, Prudential Finance Company, Clean Energy Development.{{cite news |url=http://thehimalayantimes.com/business/nmb-bank-receives-merger-approval |title=NMB Bank receives merger approval |date=October 1, 2015 |publisher=The Himalayan Times}}
In September 2016, the bank signed a joint venture agreement with the Netherlands Development Finance Company (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden, following which FMO became the single largest shareholder of the bank.
NMB Bank has been recognized as 'Bank of the Year in Nepal' for two consecutive years, 2017 and 2018 by The Banker, a service of the Financial Times, for its leading role in the country’s financial sector by using new digital technologies.{{Cite web|url=http://blog.khalti.com/banking/nmb-bank-bank-of-the-year-in-nepal-2018|title=NMB Bank Becomes Bank Of The Year In Nepal|date=6 December 2018|website=Khalti Digital Wallet|access-date=6 December 2018}}
In September 2019 NMB Bank has acquired Om Development Bank.{{cite news |url=https://www.sharesansar.com/newsdetail/nmb-bank-and-om-development-bank-to-commence-joint-operation-as-nmb-bank-from-ashwin-11-2076paid-up-capital-and-reserves-to-reach-rs-2042-arba|title=NMB Bank and Om Development Bank to commence joint operation |date=September 24, 2019 |publisher=ShareSansar}}
Ownership structure
The Bank currently has a paid-up capital of Nepalese Rupees 18.37 Billion (as of FY 2023/24) {{cite web |url=https://nepalstock.com.np/company/detail/238|title=Home |website=www.nepalstock.com.np}}
- Promoter Group - 51.00%
- General Public - 49.00%
Subsidiaries
The bank's subsidiaries are as follows:
- NMB Capital Limited.{{cite web |url=https://www.nmbcl.com.np|title=Home |website=nmbcl.com.np}}
- NMB Securities Limited.{{cite web |url=https://www.nmbsl.com.np|title=Home |website=nmbsl.com.np}}
- NMB Laghubitta Bittiya Sanstha Limited.{{cite web |url=https://www.https://nmbmicrofinance.com/|title=Home |website=www.nmbmicrofinance.com}}
See also
{{Portal|Banks}}
References
{{Reflist}}
{{Nepal topics}}
Category:2008 establishments in Nepal
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