Nabil Bank Limited is one of the largest private commercial banks in Nepal and the country's first bank with foreign joint-venture ownership. It opened on 12 July 1984 as Nepal Arab Bank Limited and was later renamed Nabil Bank. It is a Class 'A' institution licensed by Nepal Rastra Bank, serving individuals, SMEs and corporate clients through a nationwide branch network and a well-developed digital banking platform.
History
Nabil was established in 1984 with investment from Dubai Bank Limited, making it the first bank in Nepal to operate with foreign institutional partnership. Its arrival marked the beginning of modern private-sector banking in the country, introducing practices and products that state-owned banks had not offered.
In 1995 a majority stake was acquired by the Chaudhary Group, led by businessman Binod Chaudhary, and the promoter group continues to hold around 58 percent of shares with the remainder in public hands. The bank's shares trade on the Nepal Stock Exchange.
In July 2022 Nabil acquired Nepal Bangladesh Bank Limited, one of the larger acquisitions in Nepal's banking consolidation, which significantly expanded its branch network and customer base. In December 2022 it launched nBank, a neo-banking service offering account opening and everyday banking entirely through a mobile app.
Services
- Deposit accounts: savings, current, fixed deposits, recurring savings, NRN and foreign currency accounts
- Retail loans: home loans, auto loans, gold loans, education loans, personal loans and overdrafts
- SME and business banking: working capital, term loans, hire purchase and business overdrafts
- Corporate and project finance, including consortium lending
- Trade finance: letters of credit, bank guarantees, documentary collection and export finance
- Cards: credit cards, debit cards, prepaid and travel cards, with Visa and Mastercard acceptance
- Remittance services for inward transfers from Nepali workers abroad
- Digital banking: Nabil mBank, internet banking, QR payments and the nBank neo-banking app
- Wealth management, locker facilities and bancassurance products
Branch network and subsidiaries
Nabil operates around 263 branches and over 300 ATMs across all seven provinces, with a dense presence in Kathmandu, Lalitpur and Bhaktapur and major branches in Pokhara, Biratnagar, Birgunj, Butwal, Nepalgunj, Dharan, Itahari, Janakpur, Hetauda and Dhangadhi.
The bank runs two subsidiaries: Nabil Investment Banking Limited, which provides merchant banking, portfolio management and fund management services, and Nabil Stock Dealer Limited, which operates as a securities dealer.
International banking
Nabil is connected internationally through SWIFT code NARBNPKA and maintains correspondent banking relationships with more than two hundred banks worldwide, supporting trade settlement, foreign currency payments and remittance flows into Nepal.
At a glance
- Type: Class 'A' private commercial bank
- Established: 12 July 1984 (originally Nepal Arab Bank Limited)
- Distinction: First foreign joint-venture bank in Nepal
- Head office: Nabil Center, Durbar Marg, Kathmandu
- Branches: around 263
- ATMs: more than 300
- Subsidiaries: Nabil Investment Banking Ltd, Nabil Stock Dealer Ltd
- Major acquisition: Nepal Bangladesh Bank Limited (July 2022)
- SWIFT code: NARBNPKA
- Phone: +977-1-5971871, +977-1-5970015
- Email: customercare@nabilbank.com
- Website: nabilbank.com