Siddhartha Bank

{{Short description|Nepalese commercial bank}}

{{Infobox company

| name = Siddhartha Bank
सिद्धार्थ बैंक

| logo =

| caption =

| type = Public

| traded_as = {{NEPSE|145}}

| foundation = 2002

| location = Naxal, Kathmandu

| key_people = Mr. Rahul Agrawal (chairman)
Mr. Sundar Prasad Kadel (CEO) {{cite web | url=https://www.investopaper.com/news/sundar-prasad-kandel-appointed-as-ceo-of-siddhartha-bank/ | title=Sundar kandel appointed as CEO of siddhartha Bank |website=www.investopaper.com| date=21 December 2021 }}

| products = Loans, Credit cards, Savings, Investment, Merchant banking

| area_served = Nepal

| num_locations = 197 Branches

| industry = Banking

| assets =

| income_year =

| net_income = {{Increase}} {{NPRConvert|301|c}}{{cite web | url=https://www.sharesansar.com/announcementdetail/siddhartha-bank-limited-has-posted-a-net-profit-of-rs-301-billion-and-published-its-4th-quarter-company-analysis-of-the-fiscal-year-208081-2024-08-05 | title=Siddhartha Bank Limited has posted a net profit of Rs 3.01 | date=5 August 2024 }}

| net_income_year = 2023

| num_employees = 2000+

| parent =

| homepage = [http://www.siddharthabank.com www.siddharthabank.com]

}}

Siddhartha Bank Limited (SBL) is one of the largest private Commercial Bank in Nepal which is 18th commercial bank to be licensed by Nepal Rastra Bank. It started operation in Dec 2002. {{Cite report |title=SBL rating by ICRA Nepal |url=https://www.icranepal.com/wp-content/uploads/2019/11/7.-Rationale_Siddhartha_Fresh-Debenture-and-Surveillance_Final.pdf |access-date=2022-12-11 |website=Icranepal}}

and has 196 branches and 226 ATMs all across the nation with its head office in Kathmandu which provides entire commercial banking services and remittance services. {{Cite web |title=Service Networks of Siddhartha Bank |url=https://www.siddharthabank.com/service-networks |access-date=2022-12-11 |website=Siddhartha Bank |language=en}}

Siddhartha bank is also official title sponsor of the (NPL) Nepal Premier League for a five-year period starting in 2024.

{{Cite web |title=Siddhartha Bank named title sponsor of Nepal Premier League|url=https://kathmandupost.com/cricket/2024/11/16/siddhartha-bank-named-title-sponsor-of-nepal-premier-league|access-date=2024-12-26|website=kathmandupost.com/ |language=en}}

The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.

{{Cite web |title=Nepalstock|url=http://www.nepalstock.com/company/display/145|access-date=2022-12-11 |website=Nepalstock |language=en}}

Siddhartha Bank Limited has received several awards and recognitions for its performance and contribution to the banking industry in Nepal.{{cn|date=May 2023}} It has been awarded as the 'Bank of the Year' by The Banker,{{cn|date=May 2023}} a leading financial magazine, and has also been recognized by various organizations for its contribution to the economy and society.