List of Commercial Banks in Nepal

list of commercial bank in nepal 2019

August 20, 2019, Kathmandu

A commercial bank is a financial organization that accepts deposits, offers accounting services such as cheques, loans, and offers saving or fixed deposit accounts to individuals or businesses. A commercial bank makes a profit by lending and interest incomes that may include auto loans, mortgages, personal loans, or even business loans.

There are currently 27 Commercial Banks (Class A) in Nepal as per the report collect from the Central Bank, Nepal Rastra Bank(NRB). The first commercial bank of Nepal is Nepal Bank Ltd., and it was established on 1937/11/15. Agriculture Development Bank Ltd. has the highest paid-up capital of Rs. 1393.79 Crore and Nepal Credit and Commerce Bank Ltd. have the lowest paid-up capital of Rs. 467.91 Crore as per the report from NRB.

The list of the Class A banks currently providing banking services in Nepal along with their head offices (all located inside Kathmandu) is presented below:

S.No. Name Operation Date

(A.D.)

Head Office
1 Nepal Bank Ltd. 1937/11/15 Dharmapath
2 Agriculture Development Bank Ltd. 1968/01/21 Ramshahpath
3 Nabil Bank Ltd. 1984/07/12 Beena Marg
4 Nepal Investment Bank Ltd. 1986/03/09 Durbarmarg
5 Standard Chartered Bank Nepal Ltd. 1987/02/28 Nayabaneshwor
6 Himalayan Bank Ltd. 1993/01/18 Kamaladi
7 Nepal SBI Bank Ltd. 1993/07/07 Kesharmahal
8 Nepal Bangladesh Bank Ltd. 1994/06/06 Kamaladi
9 Everest Bank Ltd. 1994/10/18 Lazimpat
10 Kumari Bank Ltd. 2001/04/03 Durbarmarg
11 Laxmi Bank Ltd. 2002/04/03 Hattisar
12 Citizens Bank International Ltd. 2007/04/20 Narayanhitipath
13 Prime Commercial Bank Ltd. 2007/09/24 Kamalpokhari
14 Sunrise Bank Ltd. 2007/10/12 Gairidhara
15 Century Commercial Bank Ltd. 2011/03/10 Putalisadak
16 Sanima Bank Ltd. 2012/02/15 Nagpokhari
17 Machhapuchchhre Bank Ltd. 2012/7/9 Lazimpat
18 NIC Asia Bank Ltd. 2013/6/30 Thapathali
19 Global IME Bank Ltd. 2014/4/9 Panipokhari
20 NMB Bank Ltd. 2015/10/18 Babarmahal
21 Prabhu Bank Ltd. 2016/2/12 Babarmahal
22 Siddhartha Bank Ltd. 2016/7/21 Hattisar
23 Bank of Kathmandu Ltd. 2016/7/14 Kamaladi
24 Civil Bank Ltd. 2016/10/17 Kamaladi
25 Nepal Credit and Commerce Bank Ltd. 2017/01/01 Bagbazar
26 Mega Bank Nepal Ltd. 2018/05/13 Kamaladi
27 Rastriya Banijya Bank Ltd. 2018/05/02 Singhadurbar Plaza

On Asar, 2076 (July 2019), Janata Bank signed an agreement with Global IME Bank merging the two but the name remains the same of the latter. Thus, Janata Bank is not on the list.

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