Destruction of Economy

Lets read what Gaddafi had to say…

for 40 years, or was it longer,

I can’t remember, I did all I could

to give people houses, hospitals, schools,

and when they were hungry, I gave them food,

I even made Benghazi into farmland from the desert,

I stood up to attacks from that cowboy Reagan, when

he killed my adopted orphaned daughter,

he was trying to kill me, instead he killed that poor innocent child,

Laxmi Bank

Laxmi Bank was incorporated in April 2002 as the 16th commercial bank in Nepal.

In 2004 Laxmi Bank merged with HISEF Finance Limited, a first generation financial company which was the first and ever merger in the Nepali corporate history.

Laxmi Bank is a Category ‘A’ Financial Institution and re-registered in 2006 under the “Banks and Financial Institutions Act” of Nepal. The Bank’s shares are listed and actively traded in the Nepal Stock Exchange
(NEPSE).

We are a technologically driven progressive Bank with strong risk and corporate governance foundations. We are known for our innovation and claim to many “firsts” in the Nepalese financial market. We have the best asset quality among all financial institutions in the country and our technology has been rated “Highly Secure” by an independent internationally accredited information system auditors.

Laxmi Bank’s award winning Annual Reports has set the standards for quality, presentation and disclosure for the Nepalese corporate sector to follow since 2005.

Laxmi Bank promotes a separate life insurance company – Prime Life Insurance Limited which came into operation in 2009.

URL: http://laxmi.laxmibank.com

Nepal Development Bank

Promoted by prominent figures in industry, business, government, bank, financial institution including Karmachari Sanchaya Kosh.
Established as National Level Financial Institution in "B" Category under Bank and Financial Institution related Act. 2063.
Started banking operation from Shrawan 1, 2063 with its Head Office in Kamaladi, Kathmandu.
Expanded services through point of representation at New Road (Kathmandu), Koteshwor (Kathmandu), Chabahil (Kathmandu), Kandaghari (Kathmandu), Tangal (Lalitpur), Banepa (Kavre), Dhulikhel (Kavre), Pachkhal (Kavre), Kunta-Mahadevsthan (Kavre), Malekhu (Dhading), Narayangadh (Chitwan), Kushma (Parbat) and Battar (Nuwakot)

URL: http://www.ndepbank.com

Clean Energy Development Bank

Clean Energy Development Bank Ltd. (CEDB) established in 2006 in a joint venture with FMO - Netherlands, is the first national level development bank and perhaps the only Bank in Asia to have a focused developmental agenda towards harnessing the nation’s abundant natural resources in addition to uplifting the standards of living of the people of Nepal. CEDB is playing a proactive role in finding the best solutions to create an effective platform for the sustained development of the country. Thus, “CEDB is, in its rightful sense, a true development bank, a fact that has been attested after it won the Best Development Bank 2010.”

URL: http://www.cedbl.com/

Gorkha Development Bank

Gurkha Development Bank (Nepal) Ltd. is managed by banking professionals. The disciplined and loyal Gurkhas incorporates the same values in the bank which has earned them an awesome reputation. There is profit but with ethics. Transparency and integrity are not compromised for financial gains.
The bank has been initiated with the latest innovative tools in banking to give services with a difference. There has been a constant revamping and introduction of market friendly packages for the benefit of the customers.
Operation and the financial statement are clean and reliable. The deposit and lending rates are competitive with an unprecedented emphasis on the quality of services. We are constantly enabling our clients achieve their financial goals.

http://www.gurkhabank.comURL: 

Bank of Kathmandu

Bank of Kathmandu Limited has become a prominent name in the Nepalese banking sector. We would like to express our sincere gratitude to our customers, shareholders, employees and other stakeholders for their support and co-operation for leading the bank to the present height of achievements. We wish to reiterate here that whatever activity we undertake; we put in conscious efforts to glorify our corporate slogan, "We make your life easier".

We would also like to elucidate that Bank of Kathmandu is committed to delivering quality service to customers, generating good return to shareholders, providing attractive incentives to employees and serving the community through stronger corporate social responsibility endeavor.

Bank of Kathmandu Limited (BOK) has today become a landmark in the Nepalese banking sector by being among the few commercial banks which is entirely managed by Nepalese professionals and owned by the general public.


URL: http://www.bok.com.np

NIC Bank

Nepal Industrial & Commercial Bank Limited (NIC Bank) commenced its operation on 21 July 1998 from Biratnagar. The Bank was promoted by some of the prominent business houses of the country. The current shareholding pattern of the Bank constitutes of promoters holding 51% of the shares while 49% is held by the general public. NIC Bank has over 34,000 shareholders. The shares of the Bank are actively traded in Nepal Stock Exchange with current market capitalization of about NPR 10,493 million.

The Bank has grown rapidly with 34 branches throughout the country while several branches are planned to be opened this year. All branches are inter-connected through optical fiber as well as V-Sat and are capable of providing real time on-line transactions.

NIC Bank was the first commercial bank in Nepal to have received ISO 9001:2000 certification for its Quality Management System standard in the year 2006.

URL: http://www.nicbank.com.np

Bank of Asia Nepal Limited

Bank of Asia Nepal Limited is the 22nd commercial bank of Nepal. It is incorporated under the companies Act 2063 as 'A' Class financial institution. It started its full-fledged commercial operations from 12th October 2007 from its registered office at Tripureshwor, Kathmandu.


Vision Statement Mission Statement
To be one of the preferred banks by growing together with all the stakeholders. To deliver a wide range of prompt and quality services in order to consistently achieve sound performance through collaborative partnership at all levels, high standards of governance, optimization of information technology and effective network.


The Registered Address of the Bank is as under:
Kathmandu Metropolitan City – 11, Nepal.
Ph No. 977-1-4263218/4263212
Fax No. 977-1-4258326
Po Box No. 11021
URL www.bankofasia.com.np

Nepal SBI Bank Ltd.

Nepal SBI Bank Ltd. (NSBL) is the first Indo-Nepal joint venture in the financial sector sponsored by three institutional promoters, namely State Bank of India, Employees Provident Fund and Agricultural Development Bank of Nepal through a Memorandum of Understanding signed on 17th July 1992. NSBL was incorporated as a public limited company at the Office of the Company Registrar on April 28, 1993 under Regn. No. 17-049/50 with an Authorized Capital of Rs.12 Crores and was licensed by Nepal Rastra Bank on July 6, 1993 under license No. NRB/l.Pa./7/2049/50. NSBL commenced operation with effect from July 7, 1993 with one full-fledged office at Durbar Marg, Kathmandu with 18 staff members. The staff strength has since increased to 511. Under the Banks & Financial Institutions Act, 2063, Nepal Rastra Bank granted fresh license to NSBL classifying it as an "A" class licensed institution on April 26, 2006 under license No. NRB/I.Pra.Ka.7/062/63. The Authorized,Issued and Paid-Up Capitals have been increased to Rs. 200 Crores,Rs. 186.93 Crores and Rs. 186.93 Crores, respectively. The management team and the Managing Director who is also the CEO of the Bank are deputed by SBI. SBI also provides management support as per the Technical Services Agreement. Fifty five percent of the total share capital of the Bank is held by the State Bank of India, fifteen percent is held by the Employees Provident Fund and thirty percent is held by the general public.

URL: http://www.nepalsbi.com.np/

Nabil Bank

Nabil Bank Limited, the first foreign joint venture bank of Nepal, started operations in July 1984. Nabil was incorporated with the objective of extending international standard modern banking services to various sectors of the society. Pursuing its objective, Nabil provides a full range of commercial banking services through its 47 points of representation across the kingdom and over 170...








URL: http://www.nabilbank.com/

Nepal Investment Bank Limited

Nepal Investment Bank Ltd. (NIBL), previously Nepal Indosuez Bank Ltd., was established in 1986 as a joint venture between Nepalese and French partners. The French partner (holding 50% of the capital of NIBL) was Credit Agricole Indosuez, a subsidiary of one the largest banking group in the world.

With the decision of Credit Agricole Indosuez to divest, a group of companies comprising of bankers, professionals, industrialists and businessmen, had acquired on April 2002 the 50% shareholding of Credit Agricole Indosuez in Nepal Indosuez Bank Ltd.

URL: http://www.nibl.com.np/

Standard Chartared Bank Nepal

Are you facing any difficulties because your personal information is not up to date with us? If yes, please contact your nearest Standard Chartered Bank Nepal branch office or Call us in our toll free number at 16600135000 for updating your personal information.

Naya Baneshwore Branch

New Baneshwor Branch

P.O.Box 3990, New Baneshwar, Kathmandu, Nepal

Tel:977-1-4782333, 4783753

Fax No:977-1- 4780762

http://www.standardchartered.com/np

URL: 

Everest Bank Limited

Everest Bank Limited (EBL) started its operations in 1994 with a view and objective of extending professionalized and efficient banking services to various segments of the society. The bank is providing customer-friendly services through its Branch Network. All the branches of the bank are connected through Anywhere Branch Banking System (ABBS), which enables customers for operational transactions from any branches.

With an aim to help Nepalese citizens working abroad, the bank has entered into arrangements with banks and finance companies in different countries, which enable quick remittance of funds by the Nepalese citizens in countries like UAE, Kuwait, Bahrain, Qatar, Saudi Arabia, Malaysia, Singapore and U K.

URL: http://www.everestbankltd.com/

Himalayan Bank Limited

Himalayan Bank was established in 1993 in joint venture with Habib Bank Limited of Pakistan. Despite the cut-throat competition in the Nepalese Banking sector, Himalayan Bank has been able to maintain a lead in the primary banking activities- Loans and Deposits.

Legacy of Himalayan lives on in an institution that's known throughout Nepal for its innovative approaches to merchandising and customer service. Products such as Premium Savings Account, HBL Proprietary Card and Millionaire Deposit Scheme besides services such as ATMs and Tele-banking were first introduced by HBL. Other financial institutions in the country have been following our lead by introducing similar products and services. Therefore, we stand for the innovations that we bring about in this country to help our Customers besides modernizing the banking sector. With the highest deposit base and loan portfolio amongst private sector banks and extending guarantees to correspondent banks covering exposure of other local banks under our credit standing with foreign correspondent banks, we believe we obviously lead the banking sector of Nepal. The most recent rating of HBL by Bankers’ Almanac as country’s number 1 Bank easily confirms our claim.

Nepal Rastra Bank, Central bank of Nepal

Welcome to the official website of Nepal Rastra Bank (NRB), the central bank of Nepal. The bank was established in 1956 under the Nepal Rastra Bank Act 1955. The newNepal Rastra Bank Act was brought out in 2002 by replacing the erstwhile Act of 1955. The new Act has provided operational autonomy and independence to the Bank. Information about the NRB including its policies, functions and activities can be accessed through the menu at left.


URL: http://www.nrb.org.np/

Nepal Bank Limited

BANK OVERVIEW

History

His Majesty King Tribhuvan inaugurated Nepal Bank Limited on Kartik 30,1994 Bikram Sambat. This maarked the beginning of an era of formal banking in Nepal. Until then all monetary tractions were carried out by private dealers and trading center.

Then Prime Minister Maharaja Juddha Shumsher J.B.R. speaking on the occasion with the kind permission of His Majesty the King stated this work which is being done in the larger interest of the nation is a great moment for me. Until today a bank could not be opened in Nepal. Therefore this bank, which is being established under the name of Nepal Bank Limited to fill that, need and to be inaugurated by His Majesty the King, is a moment of great joy and happiness.

The Bank's objectives to render service to the people whether rich or poor and to contribute to the nation's development will also need the support and best wishes of all, which I am confident will be forthcoming.

In that era, very few understood or had confidence in this new concept of formal banking. Rising equity shares were not easy and mobilization of deposits even more difficult. This was evident when the bank floated equity shares worth NRs. 2,500,000, but was successful only in raising NRs. 842,000.

"In the absence of any bank in Nepal the economic progress of the country was being hampered and causing inconvenience to the people and therefore with the objective of fulfilling that need by providing service to the people and for the betterment of the country, this law in hereby promulgated for the establishment of the Bank and its operation"

The total deposits for the first year was NRs. 17,02,025 where current deposits was about NRs. 12,98,898 fixed was about NRs. 3,88,964 and saving was NRs. 14,163. Loan disbursed and outstanding at the end of the first year was NRs. 1,985,000.

From the very conception and its creation, Nepal Bank Ltd, was as joint venture between the government and the private sector. Out of 2500 equity shares of NRs. 100 face value, 40% was subscribed by the government and the balanced i.e. 60% was offered for the sale to private sector. There were only 10 shareholders when the bank first started.

More @ Official Website