Kathmandu. Nepal’s leading Nabil Bank has entered its 42nd year after completing its 41st year of establishment. Established in 1984, the bank has been playing a significant role in the modernization of Nepal’s financial sector, the use of digital technology and the country’s economic growth.
Today, the bank has established itself as the number one bank in Nepal by making its services and products customer-centric. The bank has been giving priority not only to financial services but also to sustainable banking that has a positive impact on the society and environment.
Speaking on the occasion of the 41st anniversary, Nabil Bank CEO Manoj Kumar Gyawali recalled nabil bank’s continuous contribution to the nation’s economic prosperity and pledged to move forward in a more powerful manner through responsible, innovative and sustainable banking practices in the days to come. He also thanked all the stakeholders including customers, employees, regulators, government bodies, shareholders for their support and support in reaching here.
Nabil, known as the first joint investment bank to provide computer system-based services since its inception, has been able to take the lead in technology use in today’s digital age. Nabil, which is synonymous with modern banking in the country, has been providing financial services as per the government’s monetary and revenue policy. Over the past four decades, the bank has expanded both its reach and influence.
The bank has managed loans worth Rs 433 billion and collected deposits worth Rs 535 billion as of July 2018. The bank has established not only financial capabilities but also the trust of the customers and a strong foundation of the organization from the beginning till date.
During this period, the bank’s credit flow to the areas considered important from the point of view of development is remarkable. For example, rs 49.5 billion has been disbursed to the agriculture sector, Rs 40 billion to the energy sector, Rs 38.5 billion to micro, micro, small and medium enterprises and Rs 7 billion through interest-subsidized schemes. These investments have contributed to the growth of production as well as job creation.
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Looking at Nabil Bank’s four-decade-long financial journey, the bank has made tremendous positive progress in every major indicator. The bank has excelled in capital, deposit collection, credit flow, profits, assets to branch expansion and human resources. In its more than four-decade-long journey, Nabil Bank has not only become a financial institution but also a companion to the dreams and prosperity of millions of people of Nepal.
The bank’s net worth increased from Rs 28 million in fy 2041÷42 to Rs 61.24 billion in the third quarter of fiscal year 2081÷82, while deposit collection increased from Rs 146 million to Rs 510.66 billion in FY 2081÷82.
According to the bank, the credit flow increased from Rs 133 million in the fiscal year 2041÷42 to Rs 415.82 billion by the third quarter of the fiscal year 2081÷82. The total assets of the bank also increased from Rs 269 million. By the third quarter of the fiscal year 2081÷82, it had reached Rs 611.86 billion.
The bank’s profit after tax increased from Rs 1 million in the initial year to Rs 5.05 billion in the third quarter of the fiscal year 2081÷82. Similarly, the bank started its journey with two branches and 144 employees in the beginning and now it has reached 268 branches and 2,431 employees.
The bank’s network across the country has contributed to the expansion of customer service. Nabil Bank currently serves 2.5 million customers through 268 branches, 321 ATMs and 21 extension counters across the country. The bank has already started services such as mobile banking, NBank, QR payment, online loan and online account opening.
Anniversary special plans
41-day special offer
Nabil Bank has launched a 41-day special offer on the occasion of its anniversary as a mark of gratitude to its customers. All the customers who open a new savings account from July 28 to August 15 will be provided free debit cards for the first year. This offer will be applicable to all customers opening a new account under any savings scheme.
As the leading commercial bank in Nepal, Nabil Bank has always prioritized superior service and customer satisfaction. Through this offer, the bank aims to provide access to modern banking services to more citizens. To take advantage of this limited period opportunity, you can contact the nearest Nabil Bank branch.
Nabil ‘Smart Women Home Loan’ scheme
Nabil Bank has launched ‘Smart Nari Ghar Loan’ scheme targeting women on the occasion of its anniversary. The scheme is aimed at increasing women’s access to real estate and making them financially self-reliant.
According to the scheme, women applicants can avail loans on easy, easy and attractive terms for buying a house, constructing, maintaining a house or transferring housing loans taken from other banks and financial institutions.
Under the scheme, a minimum loan of Rs 700,000 to a maximum of Rs 50 million will be provided, while up to 70 per cent loan facility will be provided for women who buy a house for the first time. According to the bank, the maximum tenure of 35 years and the base rate of the loan is 1. Loans will be available at a premium interest rate of 5 percent. According to the scheme, customers will be able to choose the installment amount of the loan to make it easier for them and there will be no pre-payment fee.
Under this scheme, customers will be able to avail free credit cards up to Rs 200,000 throughout their lives. Nabil Bank has said that it will implement this scheme through all its branches across the country.
