NMB Bank Nepal Sees Significant Growth and Development Over the Years

NMB Bank Nepal has undergone significant growth and development over the years. It was established in 1996 and has since expanded its operations to become one of the leading banks in Nepal.

The bank's commitment to innovation has led to the introduction of various digital banking services, making it easier for customers to manage their finances.

NMB Bank Nepal has a strong presence in the country, with over 200 branches across Nepal.

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NMB Bank was founded in May 2008 and has a strong history of growth and expansion. It was created as a merger with four financial institutions: Bhrikuti Development Bank, Pathibhara Bikas Bank, Prudential Finance Company, and Clean Energy Development.

The bank has a significant international partnership with the Netherlands Development Finance Company, which became its single largest shareholder in 2016. This partnership has likely brought valuable expertise and resources to the bank.

NMB Bank has received international recognition for its innovative use of digital technologies, being named "Bank of the Year in Nepal" for two consecutive years by The Banker, a service of the Financial Times, in 2017 and 2018.

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NMB Bank was founded in May 2008 through a merger of four financial institutions.

This marked the beginning of a new era for the bank, which would go on to make a significant impact in Nepal's financial sector.

NMB Bank was initially licensed as an "A" class financial institution, indicating its stability and reliability.

The bank's early years were marked by significant growth and development, setting the stage for its future success.

In 2016, NMB Bank signed a joint venture agreement with the Netherlands Development Finance Company, which became the single largest shareholder of the bank.

NMB Bank has been actively involved in promoting growth and development in Nepal, particularly in the MSME ecosystem. The bank has partnered with British Int’l Investment for a loan, which will focus on creating sustainability through entrepreneurship, prioritizing women and generating employment and livelihood opportunities.

This partnership is part of NMB Bank's broader strategy to support the development of small and medium enterprises in Nepal. The bank has already on-boarded nine development finance institutions, including DFC, for a total borrowing size of USD 301.50 million.

NMB Bank has directed this borrowing towards key sectors such as hydropower, renewable energy, agriculture, and small and medium enterprises. This indicates the bank's commitment to supporting the growth of these sectors in Nepal.

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NMB Bank has partnered with nine development finance institutions, including the DFC, to support small and medium enterprises in Nepal.

The total borrowing size for these partnerships is USD 301.50 million, directed towards hydropower, renewable energy, agriculture, and small and medium enterprises.

This partnership will help create sustainability through entrepreneurship, focusing on women as a priority, and generating employment and livelihood opportunities.

NMB Bank has also signed an agreement with Unique Nepal for remittance services, allowing customers to send and receive money across the country.

With a network of 68 branches, 47 ATMs, eight extension counters, and branchless banking outlets, NMB Bank is well-equipped to facilitate these transactions.

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NMB Bank has partnered with the British International Investment, securing a loan to support various sectors in Nepal.

The partnership aims to create sustainability through entrepreneurship, focusing on women as priority, and generating employment and livelihood opportunities.

NMB Bank has already onboarded nine development finance institutions, including the British International Investment, for a total borrowing size of USD 301.50 million.

This loan will be directed towards hydropower, renewable energy, agriculture, and small and medium enterprises.

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NMB Bank has signed a remittance agreement with Unique Nepal, a microfinance company, allowing for convenient money transfer services across the country.

NMB Bank operates with a network of 68 branches, 47 ATMs, eight extension counters, and branchless banking outlets all over the country.

Nepalis residing outside Nepal can now easily send or receive money to/from all over the country through NMB Bank's Sulav Remit service.

Remittance services can be availed from any of Unique Nepal's branches, making it a convenient option for those in need of money transfer services.

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NMB Bank Nepal has been making waves in the country with its innovative banking solutions.

In September 2019, NMB Bank Nepal launched its mobile banking service, allowing customers to conduct financial transactions from the comfort of their own homes.

The bank's commitment to digital transformation has been a game-changer for customers, providing them with greater convenience and flexibility.

NMB Bank Nepal's mobile banking service has been particularly popular among rural communities, where access to traditional banking services can be limited.

The bank's efforts to increase financial inclusion have been recognized by the government, which has awarded NMB Bank Nepal for its contributions to the sector.

NMB Bank Nepal has a solid foundation of subsidiaries that support its operations. NMB Capital Limited is one of the bank's subsidiaries.

NMB Securities Limited is another important subsidiary of the bank. It plays a crucial role in the financial market.

Here is a list of NMB Bank Nepal's subsidiaries: