NMB Bank Limited is a Class 'A' commercial bank licensed by Nepal Rastra Bank, best known for its focus on renewable energy, agriculture and small business financing alongside mainstream retail and corporate banking. It has been an 'A' class institution since May 2008 and counts a European development bank among its shareholders.
History
NMB Bank was upgraded to commercial bank status in May 2008 through the merger of four institutions: Bhrikuti Development Bank, Pathibhara Bikas Bank, Prudential Finance Company and Clean Energy Development Bank. The last of these shaped the bank's later identity in energy lending.
In September 2016 the bank signed a joint venture agreement with the Netherlands Development Finance Company (FMO), the Dutch development bank, which became its largest shareholder with a holding of about 13.69 percent. The partnership brought technical support in environmental and social risk management and in project financing for the energy sector.
NMB acquired Om Development Bank in September 2019, expanding its branch network. By the 2023/24 financial year the bank reported paid-up capital of about Rs 18.37 billion and employed more than 1,900 staff.
Specialist lending
The bank has built a reputation in areas that many Nepali banks approach cautiously. It finances hydropower and other renewable energy projects, agribusiness and commercial farming, and small and medium enterprises, often working alongside development finance institutions and climate finance programmes. It was one of the first Nepali banks to formalise environmental and social risk assessment in its lending.
Services
- Deposit accounts: savings, current, fixed deposits, recurring savings, NRN and foreign currency accounts
- Retail loans: home loans, auto loans, education loans, gold loans and personal lending
- SME, agriculture and microfinance-linked lending
- Renewable energy and hydropower project finance
- Corporate banking, trade finance and consortium lending
- Letters of credit, bank guarantees and import and export services
- Cards: debit, credit and prepaid cards
- Remittance and foreign exchange services
- Digital banking: NMB mobile banking, internet banking and QR payments
- Merchant banking and fund management through NMB Capital
Branch network
NMB Bank operates around 197 branches and more than 176 ATMs across all seven provinces, supported by extension counters and branchless banking points. Its head office is at NMB Bhawan on Akhtiyaar Marga in Babarmahal, Kathmandu, with branches through the valley and in Pokhara, Biratnagar, Birgunj, Butwal, Nepalgunj, Dharan, Itahari, Janakpur, Hetauda and Dhangadhi.
Recognition and international banking
The Banker, a Financial Times publication, named NMB Bank the Bank of the Year in Nepal in both 2017 and 2018, citing its use of digital technology and its role in the financial sector. International transactions run through SWIFT code NMBBNPKA.
At a glance
- Type: Class 'A' commercial bank
- Commercial bank licence: May 2008, from the merger of four financial institutions
- Largest shareholder: Netherlands Development Finance Company (FMO), about 13.69 percent
- Acquisition: Om Development Bank, September 2019
- Head office: NMB Bhawan, Akhtiyaar Marga, Babarmahal, Kathmandu
- Branches: about 197
- ATMs: more than 176
- Paid-up capital: about Rs 18.37 billion (FY 2023/24)
- Staff: more than 1,900
- Awards: Bank of the Year Nepal 2017 and 2018, The Banker
- SWIFT code: NMBBNPKA
- Phone: +977-1-5346160 (call centre 01-5970150)
- Email: call@nmb.com.np
- Website: nmb.com.np