Nabil Bank
{{Short description|Nepalese commercial bank}}
{{More citations needed|date=August 2023}}
{{Use dmy dates|date=September 2022}}
{{Infobox company
| name = Nabil Bank Limited
नबिल बैंक लिमिटेड
| logo = Nabil-Logo.gif
| logo_size = 220px
| type = Public
| traded_as = {{NEPSE|131}}
| foundation = {{Start date and age|df=yes|1984|07|12}}
| founder =
| predecessor = Nepal Arab Bank Ltd
| successor =
| location_city = Nabil Center, Durbarmarg, Kathmandu
| location_country = Nepal
| key_people = Upendra Poudyal (chairman)
Manoj Gyawali (CEO)
| area_served = Nepal
| num_locations = 268 Branches
| num_locations_year = 2024 {{cite web | url=https://www.nabilbank.com/individual/branches | title=Nabil Bank Limited }}
| products = Banking Consumer banking, corporate banking, finance and insurance, investment banking, savings, securities
| industry = Banking, financial services
| assets =
| income_year =
| net_income = {{Increase}} {{NPRConvert|706|c}}{{cite web | url=https://www.sharesansar.com/announcementdetail/nabil-bank-limited-has-posted-a-net-profit-of-rs-706-billion-and-published-its-4th-quarter-company-analysis-of-the-fiscal-year-208081-2024-08-05 | title=Nabil Bank Limited has posted a net profit of Rs 7.06 billion | date=5 August 2024 }}
| net_income_year = 2023
| num_employees = 2239 {{cite web | url=https://clickmandu.com/2022/01/181578.html | title=नबिल र एनबी बैंकबीच सम्झौता सम्पन्न, प्राप्तिपछि यस्तो हुनेछ बैंकको आकार | Clickmandu.com | date=13 January 2022 }}
| subsid = Nabil Investment Banking Ltd.,{{cite web | url=https://nabilinvest.com.np/our-company/about-us/ | title=Learn more about our company | Nabil Invest | date=28 June 2022 }} Nabil Stock Dealer Limited.{{cite web | url=https://www.nabilstockdealer.com.np/about-us/ | title=Who We Are - Nabil Stock Dealer | date=24 Feb 2024 }}
| homepage = {{URL|nabilbank.com}}
}}
Nabil Bank, ({{langx|ne|नबिल बैंक लिमिटेड}}; {{NEPSE|131}} formerly known as Nepal Arab Bank Limited, is the first foreign joint venture commercial bank in Nepal, established in 1984. It provides a wide range of commercial banking services, including branch banking, treasury, trade, cards, remittance, and investment banking through its subsidiary, Nabil Investment Banking Ltd. The bank operates an extensive network of 268 branches, 317 ATMs, and numerous correspondent banking relationships.
History
Founded in 1984, the bank has 7 province offices and branches across the nation and its head office in Durbar Marg, Kathmandu.
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.{{Citation needed|date=August 2023}}
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 flanking the chief avenue of the capital leading to its grand palace. Nabil Bank operates through its wide network of 268 branch offices,{{cite web | url=https://www.nabilbank.com/individual/branches | title=Nabil Bank Limited }} 316 ATMs,{{cite web | url=https://www.nabilbank.com/individual/atms | title=Nabil Bank Limited }} numerous POS terminals, and remittance agents spread across the nation.{{Citation needed|date=August 2023}}
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.{{Cite web|url=https://www.nabilbank.com/individual/company-individual/introduction#:~:text=Nabil%20Bank%20operates,Investment%20Banking%20Ltd.|title = Nabil Bank Limited}}
Nabil bank had acquired Nepal Bangladesh Bank in July 2022.
On 22 December 2022, Nabil Bank launched [https://nbankhome.nabilbank.com/ 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{{Cite web |date=1 July 2022 |title=Nabil Bank's newly-appointed CEO Gyanendra Prasad Dhungana assumes office |url=https://www.nepallivetoday.com/2022/07/01/nabil-banks-newly-appointed-ceo-gyanendra-prasad-dhungana-assumes-office/ |website=Nepal LIVE Today}} after the tenure of the celebrity banker Anil Keshary Shah was over.{{cite web |last=Satyal |first=Manoj |date=26 June 2022 |title='सबैलाई चासो छ, अब जुँगेले के गर्छ?' |url=https://www.setopati.com/multimedia/275142 |website=Setopati.com |language=Nepali}}{{cite web |date=21 June 2022 |title=Mr. Anil Keshari Shah Tenure as CEO of Nabil Bank Finally Comes To an End |url=https://www.sharesansar.com/newsdetail/mr-anil-keshari-shah-tenure-as-ceo-of-nabil-bank-finally-comes-to-an-end-2022-06-21 |website=sharesansar.com |language=en}}
Ownership structure
The Bank currently has a paid-up capital of 27.06 billion Nepalese Rupees (as of FY 2023/24).{{cite web|url=https://nepalstock.com.np/company/detail/131|title=company stock}}
- Promoter Group - 60.00%
- General Public - 40.00%
Subsidiaries
The bank's subsidiaries are as follows:
- Nabil Investment Banking Limited.{{cite web |url=https://nabilinvest.com.np/|title=Home |website=nabilinvest.com.np}}
- Nabil Stock Dealer.{{cite web |url=https://www.nabilstockdealer.com.np/|title=Home |website=nabilstockdealer.com.np}}
External links
- [https://nabilbank.com Official Website]
{{Portal|Banks}}
References
{{reflist}}
Category:Banks established in 1984
Category:1984 establishments in Nepal
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