Success Stories

Nepal Bank Ltd. was established in 1994 BS (1937 AD). In its period of eight and odd decades, the fortune of the bank ebbed and flowed. Basically, the bank went through- Golden Period (1994 BS-2045 BS), Crisis Period (2046 BS-2058 BS), Reformation Period (2059 BS-2071 BS), and Market Driven Period (2072 BS onwards)

Golden Period (1994 BS-2045 BS)

The initial 50 years of its establishment can be elicited as the golden period. In this period, the bank made a significant contribution in country’s economic development along with the development and advancement of the financial sectors. Moreover, Nepal Bank implicitly contributed in the establishment of Nepal Rastra Bank, the then Nepal Industrial Development Corporation; Rastriya Banijya Bank, and Agricultural Development Bank. Nepal Bank began its financial transaction disbursing the loan of Rs. 1,500 to Bhajuratna to trade ghee with the government and Rs. 3000 to Jaharuddhin to run shoes and slipper business in 1994. However, at present it has invested billions of rupees in a single company or a business house making a significant contribution in national economy.
Nepal bank feels proud to see the success of reputed and big corporate houses in Nepal who are connected with this bank and made a significant progress in their field.  On this background, Nepal Bank will always remember Sardar Gunjaman Singh for his contribution in the establishment of the bank and Mr. Aanand Bhakta Rajbhandari, the Director General, for his good leadership and guidance for a long period of time in the Bank.

Crisis Period (2046 BS-2058 BS)

The time period between 2046 BS and 2058 BS is considered as the crisis period in the history of the Bank. Then changing political scenario, change in bank’s leadership after a long period of time; lack of efficient leadership and guidance caused negative impact in bank’s balance sheet by the end of 2058 BS. Constant and continuous loss, deteriorating bank capital and more than 10 billion negative net worth; and debasing quality of loan sanctioned conjointly put the existence of the bank under question. This remained as the crisis period in the history of the bank.

Reformation Period (2059 BS-2071 BS)

Under the Financial Reform Program, Nepal Rastra Bank took over Nepal Bank Ltd. in 2058 BS and handed over the managerial responsibility to the foreign management team. The reformation was done in two phases. In first phase, managerial responsibility was given to ICC Consulting Management Team, Scotland for 5 years. Later, in second phase, Nepal Rastra Bank looked after under its own management for 8 years to make it financially fit. In this reformation period, there were noticeable progress in the field of capital and capital adequacy, internal control mechanism, information technology, management information system, bad debt recovery, human resource right sizing and greater promotional opportunities.

Market Driven Period (2072 BS onwards)

NBL board recruited the Chief Executive Officer (CEO) via open competition on 2071 Chaitra 12 and NRB handed over the managerial responsibility of the bank. The present condition can be termed as market driven period. It was obvious to have constricted transaction as the bank went through a long reformation period. However, the entire team is focused to set up a good presence of the bank in the market, extension of branches and networks, strengthening the internal management, capacity enhancement and employees’ productivity, extension of consumer service centers and the like for its recovery. 

A few important data:(As of October 12, 20224)

• Branch Number: 229
• Extension Counters: 59
• Staff Number: 3610
• ATM Number: 203
• Debit Card Users: 297,481
• Credit Card Users:3,026
• Mobile Banking Clients: 807,392
• Internet Banking Clients:21,713
• Deposit Holder Number: 2,541,367.
• Credit Clients Number: 145,402
• Coverage District= 71.
• Demat Account=99,994