Best banks in Nepal 2023
Banks are one of the most crucial organizations for the sake of finance and economy not only for a single individual but for a nation as well. With the rise of the banking sector in Nepal, there are multiple banks that have been actively serving people with the best facilities from savings to providing loans. In the context of Nepal, there are 21 commercial banks currently available in Nepal. We have listed our top five picks for the best banks in Nepal.
The largest Commercial bank in Nepal, Rastra Banijya Bank comes as our first pick for the best banks in Nepal. Rastriya Banijya Bank is owned by the Government of Nepal and is the commercial bank that provides all the banking facilities in Nepal. The head office is located at Singhadurbar Plaza, Kathmandu. The bank was established in established on January 23, 1966, and is currently operating with 263 branches. Rastra Banijy Bank is listed as an A-Class commercial bank in Nepal.
Nabil Bank was established in 1984 AD as the first joint venture bank to provide a commercial banking facility. Currently, the bank is operating 225 branches all over the nation with 170 international correspondent banking relationships. From online to offline services Nabil Banking has finance product services as well such as investment banking, cards, remittance, and many more. Nabil Bank aims to be the 1st choice for all stakeholders and be a leading financial institution.
In the third pick, we have the Global IME Bank for the best banks in Nepal which is a joint merger including other development and finance institutions. The bank was established in 2007 and has been serving as an A-class bank and now has a paid-up capital of 35.77 billion. The bank is currently operating 357 branches along with 65 extensions also adding 323 Branchless Banking facilities. Not only that the bank has built international relationships as well with more than 60 foreign banks as well.
Standard Chartered Bank is the only international bank currently in Nepal and started its Banking services in 1987. Owned by the Standard Chartered Group, the bank is currently available in 59 worldwide markets as well. Similarly in Nepal, the bank has extended its 14 branches across the country providing the best international banking facilities to customers. The bank is also the first bank to introduce the Anti- Money Laundering policy and include the ‘Know Your Customer’ procedure on customer accounts.
Nepal Investment Bank or NIMB Bank is another popular and trusted pick from the best banks in Nepal. The bank was originally established in 1986 as a joint venture between Nepalese and French partners but later in 2002 was acquired by a Nepalese group of companies acquiring 50 percent shareholding. The bank holds the prestigious Financial Times “Bank of the Year” award for the 6th time and is continuing to aspire to become the best banking leader with the best world-class services.
What are your thoughts on the Best banks in Nepal?
These were our top picks for the Best banks in Nepal along with their service offered as well. Check out our website for other Bank and finance updates.