Civil Bank Limited Corporate Profile

Civil Bank Limited is a renowned financial institution in Nepal, with a rich history dating back to 1983. It was established as a joint venture between the Government of Nepal and a group of Nepalese entrepreneurs.

The bank's journey began with a modest capital of NPR 2.5 million, which has since grown exponentially to become one of the largest commercial banks in the country. Today, Civil Bank Limited operates with a network of over 100 branches across Nepal.

Civil Bank Limited's commitment to innovation and customer satisfaction has earned it a strong reputation in the market. Its dedication to providing quality financial services has made it a trusted name among Nepalese citizens and businesses alike.

Civil Bank is a leading financial institution in the country, with a rich history dating back to 1995. It was founded by a group of visionary entrepreneurs who wanted to provide banking services to the common people.

The bank has its headquarters in the capital city and has a strong presence in the financial sector. It offers a wide range of financial products and services to its customers.

Civil Bank has a highly skilled and experienced management team that has been instrumental in driving the bank's growth and success. They have a deep understanding of the banking industry and have been able to adapt to the changing market conditions.

The bank has a strong network of branches and ATMs across the country, making it easily accessible to its customers.

Civil Bank offers a variety of products to cater to different needs.

Their savings accounts are designed to help individuals save money for short-term and long-term goals, with competitive interest rates and flexible deposit and withdrawal options.

With a minimum deposit of 10,000 AFN, customers can open a savings account and start earning interest.

The bank also offers a range of deposit accounts, including fixed deposits and time deposits, which provide higher interest rates for longer-term deposits.

These deposit accounts are perfect for those who want to save money for a specific period or goal.

Their current accounts are designed for individuals and businesses who need a flexible and accessible account for their daily transactions.

With a current account, customers can enjoy unlimited transactions, online banking, and mobile banking services.

The bank's loan products, including personal loans and credit facilities, are designed to help customers meet their financial needs.

Their loan products offer competitive interest rates and flexible repayment options, making it easier for customers to manage their debt.

The bank's credit card facility provides customers with a convenient and secure way to make purchases and pay bills.

With a credit card from Civil Bank, customers can enjoy rewards, cashback, and other benefits.

Their investment products, including fixed deposits and savings accounts, are designed to help customers grow their wealth over time.

These investment products offer competitive interest rates and flexible investment options, making it easier for customers to achieve their financial goals.

The bank's insurance products provide customers with protection against unexpected events and financial losses.

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Their insurance products offer a range of coverage options, including life insurance, health insurance, and property insurance.

The bank's online banking and mobile banking services provide customers with 24/7 access to their accounts and financial transactions.

With online banking, customers can check their account balance, pay bills, and transfer funds securely and conveniently.

Himalayan Bank has successfully acquired Civil Bank, with the joint operation commencing from Falgun 12, 2079 BS.

The acquisition was finalized after Nepal Rastra Bank gave its final approval. The MoU was signed by Prachanda Bahadur Shrestha, Chairman of Himalayan Bank, and Pratapjung Pandey, Chairman of Civil Bank Limited.

The name of the bank will be "Himalayan Bank Limited" with Ashok Shamsher Rana as the CEO. Himalayan Bank Limited had a paid-up capital of Rs. 12.96 billion as of Ashad’s end 2079 BS.

The swap ratio for the acquisition is 100:81, meaning every hundred shares of Civil Bank will convert into 81 shares of the new bank HBL formed after acquisition.

As a result of the acquisition, the joint organization will have a paid-up capital of Rs 21.65 billion. It will be providing its services from 189 branches spread across the country.