Nepal's banking sector plays a crucial role in the country's economic development, providing
financial services to individuals, businesses and the government. With a rapidly growing
economy and increasing financial literacy among its citizens Nepal has witnessed the
emergence of several prominent banks. This article aims to provide a comprehensive overview
of the top 20 banks in Nepal shedding light on their history, services and contributions to the
nation's banking landscape.
1.Nepal Rastra Bank (NRB): As the central bank of Nepal, Nepal Rastra Bank regulates and
supervises the overall banking system in the country. It formulates monetary policies and
ensures stability in the financial sector.
2.Nepal Bank Limited (NBL): Established in 1937, Nepal Bank Limited is the oldest and one of
the largest commercial banks in Nepal. NBL offers a wide range of banking services to
individuals, corporations, and government entities.
3.Rastriya Banijya Bank (RBB): Rastriya Banijya Bank, a government-owned commercial bank,
focuses on promoting trade and industrial activities in Nepal. With an extensive branch
network, RBB caters to diverse customer segments.
4.Agricultural Development Bank Ltd. (ADBL): ADBL primarily focuses on the agricultural sector,
providing financial assistance and services to farmers, cooperatives, and agribusinesses
across Nepal.
5.Nabil Bank Limited: Nabil Bank, one of the leading commercial banks in Nepal, offers
comprehensive banking solutions to retail and corporate customers. It emphasizes innovation
and customer-centric services.
6.Nepal Investment Bank Limited (NIBL): NIBL is a premier commercial bank that provides a
wide range of banking and financial services, including corporate banking, retail banking, and
international banking.
7.Everest Bank Limited (EBL): Established in 1994, Everest Bank offers a broad spectrum of
banking products and services. EBL has a strong presence in both urban and rural areas of
Nepal.
8.Standard Chartered Bank Nepal Limited: As a subsidiary of the global banking giant, Standard
Chartered Bank Nepal delivers international banking expertise along with a comprehensive
range of financial solutions.
9.Himalayan Bank Limited (HBL): Himalayan Bank, established in 1993, is one of the leading
private sector banks in Nepal. It focuses on serving retail, corporate, and international banking
clients.
10.Nepal SBI Bank Limited: A joint venture between State Bank of India and Nepal's
government, Nepal SBI Bank offers a wide array of banking services, including retail, corporate,
and trade finance.
11.Citizens Bank International Limited: Citizens Bank International aims to provide quality
banking services with a strong focus on customer satisfaction. It caters to a diverse range of
customers, including individuals, businesses, and institutions.
12.Global IME Bank Limited: Global IME Bank is a merger between Global Bank and IME
Financial Institution. It provides comprehensive banking services and has a significant
presence in the remittance market.
13.Sanima Bank Limited: Sanima Bank has been a pioneer in introducing innovative banking
products and services in Nepal. It offers retail, corporate, and microfinance services, among
others.
14.NIC Asia Bank Limited: NIC Asia Bank, the result of a merger between NIC Bank and Nepal
Industrial and Commercial Bank, is among the leading banks in terms of assets and market
capitalization.
15.Mega Bank Nepal Limited: Mega Bank Nepal operates as a commercial bank, providing a
wide range of banking services to individual and corporate customers. It is known for its
customer-centric approach.
16.Sunrise Bank Limited: Sunrise Bank focuses on providing high-quality banking services,
including corporate, retail, and microfinance, to meet the diverse needs of its customers. It has
a strong presence in urban and semi-urban areas of Nepal.
17.Kumari Bank Limited: Kumari Bank aims to be a trusted financial partner for its customers. It
offers a wide range of banking services, including retail banking, corporate banking, and
remittance services.
18.Laxmi Bank Limited: Laxmi Bank focuses on delivering efficient and reliable banking
services to its customers. It provides a range of products and services, including loans,
deposits, and digital banking solutions.
19.Siddhartha Bank Limited: Siddhartha Bank is committed to serving its customers with
integrity and professionalism. It offers a comprehensive range of banking products and
services, catering to various customer segments.
20.Machhapuchchhre Bank Limited: Machhapuchchhre Bank is a fast-growing commercial
bank in Nepal, providing a wide array of banking services to individuals, businesses, and
institutions. It emphasizes technology-driven solutions.
The banking sector in Nepal has experienced significant growth and transformation over the
years. The top 20 banks listed above have played a vital role in shaping the country's financial
landscape by offering a diverse range of banking products and services to meet the evolving
needs of customers.
These banks have contributed to the growth of the economy by providing essential financial
services, supporting entrepreneurship, promoting trade and commerce and facilitating
economic development at both individual and national levels.
As Nepal continues to progress economically these banks remain at the forefront of
innovation, adopting modern technologies and enhancing customer experiences. With their
extensive branch networks and digital banking solutions, they strive to make banking more
accessible, efficient and inclusive for all Nepali citizens.
It is important to note that while the aforementioned banks represent the top 20 in Nepal there
are other notable financial institutions operating in the country that also contribute significantly
to its banking sector.
The banking industry in Nepal continues to evolve adapting to the changing dynamics of the
global financial landscape and catering to the diverse needs of its customers. With a strong
emphasis on customer satisfaction, innovation and financial inclusion these top 20 banks play
a pivotal role in driving Nepal's economic growth and development.
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