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

Class A: Commercial banks

Commercial banks are rated as Class "A" banks by the Nepal Rastra Bank. There are 20 commercial banks as of 24 February 2023. (in B.S. 2079-2080:Quarter 4)[1]

Bank NameEstablishedHeadquartersPaid-up capital
Agriculture Development Bank1968Ramshahpath, Kathmanduरु 18.88 Arab
Nepal Bank 1937 Dharmapath, Kathmandu रु 14.69 Arab
Rastriya Banijya Bank 1966 Singhadurbarplaza, Kathmandu रु 14.64 Arab
Citizens Bank International2007Narayanhitipath, Kathmanduरु 14.20 Arab
Everest Bank1994Lazimpat, Kathmanduरु 11.70 Arab
Global IME Bank2023Kamaladi, Kathmanduरु 36.13 Arab
Himalayan Bank 1993 Kamaladi, Kathmandu रु 21.66 Arab
Kumari Bank2023Durbarmarg, Kathmanduरु 26.23 Arab
Laxmi Sunrise Bank2023Hattisar, Kathmanduरु 21.67 Arab
Machhapuchhre Bank2012Lazimpat, Kathmanduरु 11.62 Arab
Nabil Bank1984Beena Marg, Kathmanduरु 27.06 Arab
Nepal Investment Mega Bank2023Durbarmarg, Kathmanduरु 34.13 Arab
Nepal SBI Bank1993Kesharmahal, Kathmanduरु 10.13 Arab
NIC Asia Bank2013Thapathali, Kathmanduरु 14.92 Arab
NMB Bank2008Babarmahal, Kathmanduरु 18.37 Arab
Prabhu Bank2023Babarmahal, Kathmanduरु 23.54 Arab
Prime Commercial Bank2007Kamalpokhari, Kathmanduरु 19.40 Arab
Sanima Bank2012Nagpokhari, Kathmanduरु 13.58 Arab
Siddhartha Bank2002Hattisar, Kathmanduरु 14.09 Arab
Standard Chartered Bank1987Nayabaneshwor, Kathmanduरु 9.43 Arab

Defunct commercial banks

Bank Closed Fate
Bank of Asia Nepal 2013 Merged with NIC Bank and renamed NIC Asia Bank[2]
Bank of Kathmandu 2023 Merged with Global IME Bank[3]
Century Commercial Bank 2023 Acquired by Prabhu Bank[4]
Commerz & Trust Bank 2014 Merged with Global IME Bank[5]
Grand Bank Nepal 2016 Merged with Prabhu Bank[6]
Global Bank 2012 Merged with IME Financial Institution and Lord Buddha Finance and renamed Global IME Bank[7]
Janata Bank 2019 Merged with Global IME Bank[8]
KIST Bank 2014 Merged with Prabhu Bikas Bank, Gaurishankar Development Bank & Zenith Finance and renamed Prabhu Bank[9]
Lumbini Bank 2016 Merged with Bank of Kathmandu and operated as Bank of Kathmandu Lumbini; later renamed to Bank of Kathmandu in 2017[10][11]
Mega Bank Nepal 2023 Merged with Nepal Investment Bank and renamed Nepal Investment Mega Bank[12]
Nepal Bangladesh Bank 2022 Acquired by Nabil Bank[13]
Nepal Credit & Commerce Bank 2023 Merged with Kumari Bank[14]
Nepal Investment Bank 2023 Merged with Mega Bank Nepal and renamed Nepal Investment Mega Bank[12]
Nepal Industrial and Commercial Bank 2013 Merged with Bank of Asia Nepal and renamed NIC Asia Bank[2]
Civil Bank 2023 Acquired by Himalayan Bank[15]
Laxmi Bank 2023 Merged with Sunrise Bank and renamed Laxmi Sunrise Bank[16]
Sunrise Bank 2023 Merged 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 2023.[1]

Bank NameEstablishedHeadquartersWorking AreaPaid-up capital
Corporate Development Bank2007Birgunj, Madhesh3 Districtsरु 0.50 Arab
Excel Development Bank2005Birtamod, KoshiProvincialरु 1.25 Arab
Garima Bikas Bank2007Lazimpat, KathmanduNationalरु 5.19 Arab
Green Development Bank2013Pokhara, Gandaki5 Districtsरु 0.52 Arab
Jyoti Bikas Bank2008Kamaladi, KathmanduNationalरु 4.40 Arab
Kamana Sewa Bikas Bank2006Gyaneshwor, KathmanduNationalरु 3.14 Arab
Karnali Development Bank2004Nepalgunj, Lumbini5 Districtsरु 0.50 Arab
Lumbini Bikas Bank1998Dillibazaar, KathmanduNationalरु 3.38 Arab
Mahalaxmi Development Bank1995Durbar Marg, KathmanduNationalरु 4.17 Arab
Miteri Development Bank2006Dharan, Koshi5 Districtsरु 1.02 Arab
Muktinath Bikash Bank2007Kamaladi, KathmanduNationalरु 6.43 Arab
Narayani Development Bank2001Ratnanagar, Bagmati3 Districtsरु 0.26 Arab
Salapa Bikash Bank2013Diktel, Koshi1 Districtरु 0.35 Arab
Saptakoshi Development Bank2012Dhankuta, Koshi7 Districtsरु 0.83 Arab
Sangrila Development Bank2014Baluwatar, KathmanduNationalरु 3.01 Arab
Shine Resunga Development Bank2013Butwal, LumbiniNationalरु 4.28 Arab
Sindhu Bikas Bank2010Barhabise, Bagmati5 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 2023.[1]

Company NameEstablishedHeadquartersWorking AreaPaid-up capital
Best Finance1995Chabahil, KathmanduNationalरु 0.83 Arab
Capital Merchant Banking & Finance2002Battisputali, KathmanduProblematicरु 0.94 Arab
Central Finance1996Kupondole, LalitpurNationalरु 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 Finance1997Janakpurdham, MadheshProvincialरु 0.69 Arab
Manjushree Finance2007Nayabaneshwor, KathmanduNationalरु 1.35 Arab
Multipurpose Finance1998Rajbiraj, Madhesh5 Districtsरु 0.45 Arab
Nepal Finance1993Kamaladi, KathmanduNationalरु 0.73 Arab
Nepal Share Markets and Finance1993Ramshahapath, KathmanduProblematicरु 0.23 Arab
Pokhara Finance1997Pokhara, GandakiNationalरु 1.05 Arab
Progressive Finance1996New Road, KathmanduNationalरु 0.85 Arab
Reliance Finance2009Pradarsani Marg, KathmanduNationalरु 1.12 Arab
Samriddhi Finance Company2001Hetauda, BagmatiNationalरु 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 are 57 micro finance companies as of July 2023. Among them 3 microfinance companies are wholesale microfinance and remaining 54 are retail microfinance companies.

Retail Microfinance Companies

Following are the retail microfinance companies. [1]

  • Aatmanirbhar Laghubitta
  • Abhiyan Laghubitta
  • Arambha Chautari Laghubitta
  • Asha Laghubitta
  • BPW 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
  • Mirmire Laghubitta
  • Mithila Laghubitta
  • NADEP Laghubitta
  • National Laghubitta
  • Nerude Laghubitta
  • 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]

  • First Microfinance Laghubitta
  • Sana Kisan Bikas Laghubitta
  • RSDC Laghubitta

Infrastructure Development Bank

Infrastructure Development Bank is non-classified Financial Institution licensed by Nepal Rastra Bank. There is one BFI as of June 2023.[1]

  • Nepal Infrastructure Bank Limited

References

  1. 1 2 3 4 5 6 7 "BFI's List in English (Mid Jan 2023)" (PDF). Nepal Rastra Bank. Retrieved 4 May 2023.
  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.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.