List of banks in Nepal

Last updated

This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank. [1]

Contents

Class A: Commercial banks

Commercial banks are rated as Class "A" banks by the Nepal Rastra Bank. There are 20 commercial banks as of Mid Jan 2024. (B.S. 2079-2080:Quarter 2) [1]

Bank NameEstablishedHeadquarters Paid-up capital
Agriculture Development Bank 1968Ramshahpath, Kathmanduरु 18.88 Arab
Nepal Bank 1937Bhugol Park, Kathmandu रु 14.69 Arab
Rastriya Banijya Bank 1966Singhadurbarplaza, Kathmanduरु 15.64 Arab
Citizens Bank International Limited 2007Narayanhitipath, Kathmanduरु 14.20 Arab
Everest Bank 1994Lazimpat, Kathmanduरु 11.77 Arab
Global IME Bank Limited 2023Kamaladi, Kathmanduरु 36.13 Arab
Himalayan Bank 1993Kamaladi, Kathmanduरु 21.66 Arab
Kumari Bank 2023Naxal, Kathmanduरु 26.23 Arab
Laxmi Sunrise Bank 2023Hattisar, Kathmanduरु 21.67 Arab
Machhapuchhre Bank 2012Lazimpat, Kathmanduरु 11.62 Arab
Nabil Bank 1984Teendhara, Kathmanduरु 27.06 Arab
Nepal Investment Mega Bank 2023Durbarmarg, Kathmanduरु 34.13 Arab
Nepal SBI Bank 1993Kesharmahal, Kathmanduरु 10.12 Arab
NIC Asia Bank 2013Thapathali, Kathmanduरु 14.92 Arab
NMB Bank 2008Babarmahal, Kathmanduरु 18.37 Arab
Prabhu Bank 2023Anamnagar, Kathmanduरु 23.54 Arab
Prime Commercial Bank 2007Kamalpokhari, Kathmanduरु 19.40 Arab
Sanima Bank 2012Narayanchaur, Kathmanduरु 13.58 Arab
Siddhartha Bank 2002Hattisar, Kathmanduरु 14.09 Arab
Standard Chartered Bank 1987Nayabaneshwor, Kathmanduरु 9.43 Arab

Defunct commercial banks

BankClosedFate
Bank of Asia Nepal2013Merged with NIC Bank and renamed NIC Asia Bank [2]
Bank of Kathmandu2023Merged with Global IME Bank [3]
Century Commercial Bank 2023Acquired by Prabhu Bank [4]
Commerz & Trust Bank2014Merged with Global IME Bank [5]
Grand Bank Nepal2016Merged with Prabhu Bank [6]
Global Bank2012Merged with IME Financial Institution and Lord Buddha Finance and renamed Global IME Bank [7]
Janata Bank 2019Merged with Global IME Bank [8]
KIST Bank2014Merged with Prabhu Bikas Bank, Gaurishankar Development Bank & Zenith Finance and renamed Prabhu Bank [9]
Lumbini Bank2016Merged with Bank of Kathmandu and operated as Bank of Kathmandu Lumbini; later renamed to Bank of Kathmandu in 2017 [10] [11]
Mega Bank Nepal 2023Merged with Nepal Investment Bank and renamed Nepal Investment Mega Bank [12]
Nepal Bangladesh Bank 2022Acquired by Nabil Bank [13]
Nepal Credit & Commerce Bank2023Merged with Kumari Bank [14]
Nepal Investment Bank 2023Merged with Mega Bank Nepal and renamed Nepal Investment Mega Bank [12]
Nepal Industrial and Commercial Bank2013Merged with Bank of Asia Nepal and renamed NIC Asia Bank [2]
Civil Bank2023Acquired by Himalayan Bank [15]
Laxmi Bank2023Merged with Sunrise Bank and renamed Laxmi Sunrise Bank [16]
Sunrise Bank2023Merged with Laxmi Bank and renamed Laxmi Sunrise Bank [16]

Class B: Development banks

Development banks are rated as Class "B" banks by the Nepal Rastra Bank. There are 17 development banks as of January 2024. [1]

Bank NameEstablishedHeadquartersWorking Area Paid-up capital
Corporate Development Bank 2007 Birgunj, Madhesh 3 Districtsरु 0.53 Arab
Excel Development Bank 2005 Birtamod, Koshi Provincialरु 1.25 Arab
Garima Bikas Bank 2007 Lazimpat, Kathmandu Nationalरु 5.19 Arab
Green Development Bank 2013 Pokhara, Gandaki 5 Districtsरु 0.52 Arab
Jyoti Bikas Bank 2008Kamaladi, KathmanduNationalरु 4.40 Arab
Kamana Sewa Bikas Bank 2006 Gyaneshwor, KathmanduNationalरु 3.14 Arab
Karnali Development Bank 2004 Nepalgunj, Lumbini 5 Districtsरु 0.50 Arab
Lumbini Bikas Bank 1998Dillibazaar, KathmanduNationalरु 3.52 Arab
Mahalaxmi Development Bank 1995 Durbar Marg, KathmanduNationalरु 4.17 Arab
Miteri Development Bank 2006 Dharan, Koshi 5 Districtsरु 1.11 Arab
Muktinath Bikash Bank 2007Kamaladi, KathmanduNationalरु 7.04 Arab
Narayani Development Bank 2001 Ratnanagar, Bagmati 3 Districtsरु 0.26 Arab
Salapa Bikash Bank 2013 Diktel, Koshi 1 Districtरु 0.35 Arab
Saptakoshi Development Bank 2012 Dhankuta, Koshi 7 Districtsरु 0.83 Arab
Sangrila Development Bank 2014 Baluwatar, KathmanduNationalरु 3.43 Arab
Shine Resunga Development Bank 2013 Butwal, Lumbini Nationalरु 4.73 Arab
Sindhu Bikas Bank 2010 Barhabise, Bagmati 5 Districtsरु 0.56 Arab

Class C: Finance Companies

Finance companies are rated as Class "C" banks by the Nepal Rastra Bank. There are 17 finance companies as of January 2024. [1]

Company NameEstablishedHeadquartersWorking Area Paid-up capital
Best Finance1995 Chabahil, Kathmandu Nationalरु 0.85 Arab
Capital Merchant Banking & Finance2002Battisputali, KathmanduProblematicरु 0.94 Arab
Central Finance1996Kupondole, Lalitpur Nationalरु 0.95 Arab
Gurkhas Finance1994Dillibazar, KathmanduNationalरु 0.87 Arab
Goodwill Finance1995Hattisar, KathmanduNationalरु 0.95 Arab
Guheshwori Merchant Banking & Finance2002Pulchowk, LalitpurNationalरु 1.01 Arab
ICFC Finance2004Bhatbhateni, KathmanduNationalरु 1.18 Arab
Janaki Finance1997 Janakpurdham, Madhesh Provincialरु 0.69 Arab
Manjushree Finance2007Nayabaneshwor, KathmanduNationalरु 1.35 Arab
Multipurpose Finance1998 Rajbiraj, Madhesh 5 Districtsरु 0.61 Arab
Nepal Finance1993Kamaladi, KathmanduNationalरु 0.73 Arab
Nepal Share Markets and Finance1993Ramshahapath, KathmanduProblematicरु 0.23 Arab
Pokhara Finance1997 Pokhara, Gandaki Nationalरु 1.05 Arab
Progressive Finance1996 New Road, KathmanduNationalरु 0.85 Arab
Reliance Finance2009Pradarsani Marg, KathmanduNationalरु 1.12 Arab
Samriddhi Finance Company2001 Hetauda, Bagmati Nationalरु 0.82 Arab
Shree Investment & Finance1994Dillibazar, KathmanduNationalरु 0.98 Arab

Class D: Micro Finance Financial Institutions

Micro finance financial institutions are classified as Class "D" banks by the Nepal Rastra Bank. There were 55 micro finance companies as of January 2024. [1] Among them 3 microfinance companies are wholesale microfinance and remaining 52 are retail microfinance companies.

Retail Microfinance Companies

Following are the retail microfinance companies. [1]

  • Aatmanirbhar Laghubitta
  • Aviyan Laghubitta
  • Aarambha Chautari Laghubitta
  • Asha Laghubitta
  • Chhimek Laghubitta
  • CYC Nepal Laghubitta
  • Deprosc Laghubitta
  • Dhaulagiri Laghubitta
  • Forward Microfinance Laghubitta
  • Ganapati Laghubitta
  • Global IME Laghubitta
  • Grameen Bikas Laghubitta
  • Gurans Laghubitta
  • Himalayan Laghubitta
  • Infinity Laghubitta
  • Jalpa Samudayik Laghubitta
  • Jiban Bikash Laghubitta
  • Janautthan Samudayik
  • Kalika Laghubitta
  • Kisan Laghubitta
  • Laxmi Laghubitta
  • Mahila Laghubitta
  • Mahuli Samudyik Laghubitta
  • Manakamana Smart Laghubitta
  • Manushi Laghubitta
  • Mero Microfinance Laghubitta
  • Mithila Laghubitta
  • NADEP Laghubitta
  • National Laghubitta
  • Nerude Mirmire Laghubitta [17]
  • NESDO Samriddha Laghubitta
  • NIC Asia Laghubitta
  • Nirdhan Utthan Laghubitta
  • NMB Laghubitta
  • Sabaiko Laghubitta
  • Sadhana Nepal Laghubitta
  • Samaj Laghubitta
  • Samata Gharelu Laghubitta
  • Samudayik Laghubitta
  • Shrijanshil Laghubitta
  • Super Laghubitta
  • Support Laghubitta
  • Suryodaya Womi Laghubitta
  • Swabalamban Laghubitta
  • Swabhiman Laghubitta
  • Swastik Laghubitta
  • Sworojagar Laghubitta
  • Unique Nepal Lagubitta
  • Unnati Sahakarya Laghubitta
  • Upakar Laghubitta
  • Vijaya Laghubitta
  • Wean Nepal Laghubitta

Wholesale Microfinance Companies

Following are the wholesale microfinance companies as of July 2023. [1]

Infrastructure Development Bank

Infrastructure Development Bank is non-classified Financial Institution licensed by Nepal Rastra Bank. There is one BFI as of January 2024. [1]

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References

  1. 1 2 3 4 5 6 7 8 "BFI's List in English (Mid Jan 2024)" (PDF). Nepal Rastra Bank . Retrieved 6 April 2024.
  2. 1 2 "NIC ASIA Bank : Successful Merger". SpotlightNepal. 14 July 2013. Retrieved 2023-01-12.
  3. ↑ "Global IME Bank, BoK joint operation". The Himalayan Times. 2023-01-08. Retrieved 2023-01-12.
  4. ↑ "Prabhu Bank completes acquisition of Century Bank". The Annapurna Express. Retrieved 2023-01-12.
  5. ↑ "Global, Commerz & Trust merge; starts operations". kathmandupost.com. Retrieved 2023-01-12.
  6. ↑ "Prabhu, Grand start joint ops after merger". kathmandupost.com. Retrieved 2023-01-12.
  7. ↑ "From IME to Global IME Bank: Story behind Nepal's leading commercial bank". Fiscal Nepal. 31 May 2020. Retrieved 2023-01-12.
  8. ↑ Joshi, Kriti (2019-12-07). "Global IME, Janata start integrated transaction". The Himalayan Times. Retrieved 2023-01-12.
  9. ↑ "Prabhu Bank starts ops". kathmandupost.com. Retrieved 2023-01-12.
  10. ↑ "Merged BoK, Lumbini start joint operations". kathmandupost.com. Retrieved 2023-01-12.
  11. ↑ "BOKL to endorse to rename the company back to "Bank of Kathmandu Limited"". eng.merolagani.com. Retrieved 2023-01-12.
  12. 1 2 "इन्भेस्टमेन्ट र मेगा बैंक गाभिए, एकीकृत कारोबार सुरु". ekantipur.com (in Nepali). Retrieved 2023-01-12.
  13. ↑ "Nabil completes acquisition of NBB". The Himalayan Times. 2022-07-12. Retrieved 2023-01-12.
  14. ↑ "KBL, NCCB merge". The Himalayan Times. 2023-01-02. Retrieved 2023-01-12.
  15. ↑ "HBL and CBL start joint operation". The Himalayan Times. 2023-02-25. Retrieved 2023-07-15.
  16. 1 2 "एकीकृत कारोबार गर्दै 'लक्ष्मी सनराइज बैंक लिमिटेड'". Karobar Daily. Retrieved 2023-07-15.
  17. ↑ "नेरुडे लघुवित्त र मिर्मिरे लघुवित्तले फागुन ३० गतेदेखि एकीकृत कारोबार शुरु गर्ने". abhiyandaily.com (in Nepali). Retrieved 2024-04-06.
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