List of ‘A’ Class Commercial Banks In Nepal [Updated]

August 8, 2023 | Investopaper

Commercial banks are the ‘A’ class financial institutions in Nepal. Nepal Rastra Bank (NRB) regulates all the banks and financial institutions (BFIs) of Nepal.

NRB has grouped the BFIs into four major categories.

1. “A” Class Commercial Banks

2. “B” Class Development Banks

3. “C” Class Finance Companies

4. “D” Class Microfinance Companies

As of Ashad’s end, 2080 BS [Mid-July 2023], there are 20 ‘A’ class commercial banks in Nepal. All commercial Banks in Nepal provide deposit facility, various loan facilities, advanced ABBS services, Internet Banking along with the ATM facilities through their networks.

Nepal Bank (NBL) is the first commercial bank of Nepal. It was established on 1937. Nabil Bank is the first private sector bank of Nepal. It started its operation in 1984. Previously known as Nepal Arab Bank, Nabil Bank is the first foreign joint venture bank of Nepal.

Also Read: Net Profit of Commercial Banks in Nepal [With Ranking]

The table below shows the list of ‘A’ class commercial banks of Nepal along with the paid-up capital [Ashad’s End, 2080 BS].

List of ‘A’ Class Commercial Banks in Nepal

‘A’ Class Commercial Banks In Nepal With Paid-Up Capital

Paid-up capital is the money provided by the shareholders into the company since the establishment. It includes the initial fund accumulated from the shareholders plus additional capital injected through right/ bonus shares or FPO as the company moves forward. Higher the capital, the greater the financial strength of the company. In times of economic difficulty, companies with huge capital tend to survive than companies with low capital.

In Nepal, ‘A’ class commercial banks should have a minimum capital of Rs 8 Arba. This is as per the directive by Nepal Rastra Bank (NRB), the regulating body of the banking and financial institutions of Nepal. Until Mid-July 2023 [Ashad’s end 2080 BS], Global IME Bank Limited is the largest commercial bank of Nepal in terms of paid-up capital. Global IME Bank has Rs 35.77 Arba in capital. Nepal Investment Mega Bank is second to Global IME Bank with Rs. 34.12 Arba in capital. Standard Chartered Bank Nepal has the lowest capital of Rs. 9.42 Arba.

The paid-up capital of the 20 ‘A’ class commercial banks of Nepal is  shown in the table below:

Paid-Up Capital of Commercial Banks in Nepal

Note: Paid-up capital based on the financial statement of Mid-July 2023 [Ashad End, 2080 BS]

Paid-up capital of Agricultural Development Bank Limited (ADBL) includes Rs 5.43 Arba worth of Preference Share.

You May Also Like: Financial Analysis of Commercial Banks of Nepal

Facebook

Tweet

Gmail