Nabil Bank

Nabil Bank Limited (Nepali: नबिल बैंक लिमिटेड; NEPSE: 131 previously known as Nepal Arab Bank Limited) is a first private commercial bank in Nepal. Founded in 1984, the bank has branches across the nation and its head office in Durbar Marga Kathmandu.

Nabil Bank Limited
नबिल बैंक लिमिटेड
TypePublic
NEPSE: 131
IndustryBanking, financial services
PredecessorNepal Arab Bank Ltd
Founded12 July 1984 (1984-07-12)
Headquarters
Nabil Center, Durbarmarg, Kathmandu
,
Nepal
Number of locations
242 Branches (2022 [1])
Area served
Nepal
Key people
Upendra Poudyal (chairman)
Gyanendra Prasad Dhungana (CEO)
ProductsBanking Consumer banking, corporate banking, finance and insurance, investment banking, savings, securities,
रू497 crore (US$39 million)[2] (2022)
Number of employees
~2143
SubsidiariesNabil Investment Banking Ltd.[3]
Websitenabilbank.com

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 flanking the chief avenue of the capital leading to its grand palace. Nabil Bank operates through its wide network of 242 branch offices,[4] 273 ATMs,[5] numerous POS terminals, 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.[6]

Former general manager Anil Keshary Shah was appointed the chief executive officer in June 2018.[7] Shah served as CEO until June 2022.[8]

References
  1. "Nabil Bank Limited".
  2. "Nabil Bank Limited has posted a net profit of 4.97 billion and published its 4th quarter company analysis of the fiscal year 2078/79". 15 December 2016.
  3. "Learn more about our company | Nabil Invest". 28 June 2022.
  4. "Nabil Bank Limited".
  5. "Nabil Bank Limited".
  6. "Nabil Bank Limited".
  7. "Shah appointed chief executive of Nabil". The Himalayan Times.
  8. "Mr. Anil Keshari Shah Tenure as CEO of Nabil Bank Finally Comes To an End". sharesansar.com. 15 December 2016.


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