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When there is money, then there exists bank for saving it. To have a better future people want to save their earnings. While saving, they want to ensure that they have chosen the right place to save the money. Since, the business industry are growing in Nepal, many bank are now being established. But, seeing the reputation and peoples view, here are some on the private banks that mostly popular in Nepalese people.
Nabil Bank Limited:
Nabil Bank Limited is the first foreign venture commercial bank in Nepal which was established in 1984 A.D. This bank is trusted by most of the people in Nepal as it provides commercial loans and many other facilities. Similarly, due to its goodwill, it has been able to construct different sub branch all over the country as its head branch lies in Durbar Marg, Kathmandu. It has got the largest bank among all the other private commercial banks.
Nepal Investment Bank Limited (NIBL):
Nepal Investment Bank Limited (NIBL) was established in 1986 A.D. with the joint venture between Nepalese and Credit Agricole Indosuez. But, it was nationally held when all the shares held by French company was bought by Nepalese investors. Now, it has become one of the most popular and trusted commercial banks of Nepal as presently it holds about 47 branch throughout the nation.
Standard Chartered Bank Limited:
Standard Chartered Bank Limited was established in 1987 A.D. with the joint partnership of 75% shares of the company and 25% shares of Nepalese people. Standard Chartered Bank holds about 450 local staffs and 23 ATMs across the country. Similarly, it has global connection with the banks in over 70 countries which provides an opportunity to provide international banking system in Nepal.
Everest Bank Limited:
Everest Bank Limited was established in 1994 A.D. with the partnership of Punjab National Bank, India. Punjab National Bank holds about 20% of the shares of the Everest Bank. Now, it has been internationally commercialized with other banks and finance companies in different countries like UAE, Kuwait, Qatar, etc. to assist the Nepalese people working abroad. It is the first Nepalese Bank which has Representative Office in India.
Himalayan Bank Limited:
Himalayan Bank Limited was established in the partnership of Employees Provident Fund and Habib Bank Limited of Pakistan in 1993. It has got various sub branch all over nation. It provides banking services to all people and organizations. The main head office of Himalayan Bank Limited is located in Thamel, Kathmandu.
