Nepal Bank Ltd. building, Kathmandu

From the archive record

Nepal Bank Limited is the first commercial bank of Nepal. It was established in 1937 which marked the beginning of an era of formal banking in Nepal. Nepal Bank Limited, The first bank of Nepal was established in November 15, 1937 A.D (Kartik, 30, 1994). It was formed under the principle of Joint venture (Joint venture between govt. & general public). NBL's authorized capital was Rs. 10 million & issued capital Rs. 2.5 million of which paid-up capital was Rs. 842 thousand with 10 shareholders. The bank has been providing banking through its branch offices in the different geographical locations of the country. Nepal Bank Limited is providing services to its customers from its 118 branches. It provides deposit facility, various loan facilities, advanced ABBS services from 110 branches, Inte