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Nepal Investment Bank

From Wikipedia, the free encyclopedia
Nepal Investment Mega Bank Limited(NIMB)
Company typePublic
NEPSE: [1]
IndustryBanking
Founded27 February 1986; 38 years ago (1986-02-27)
HeadquartersDurbar Marg Kathmandu, Nepal
Number of locations
200 [1]
Area served
Nepal, India
Key people
ProductsBanking
Number of employees
2000
Websitenibl.com.np

Nepal Investment Mega Bank Limited(NIMB) is one of the leading commercial banks of Nepal.Previously known as Nepal Investment Bank Ltd[2]., the bank was established in 1986 as a joint venture between Nepalese and Credit Agricole Indosuez.The Nepalese investors bought all the shares of French company i.e. 50% in 2001. It was merged with Mega Bank Nepal in 2023 and started joint operation from January 11 2023 with the name Nepal Investment Mega Bank Limited.[3][4]

Ownership structure

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The Bank currently has a paid-up capital of Nepalese Rupees 34.13 Billion (as of FY 2023/24) [5]

  • Promoter Group -79.45%
  • General Public - 20.55%

Subsidiaries

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The bank's subsidiaries are as follows:

  • NIMB Ace Capital Limited.[6]
  • NIMB Stock Markets. [7]
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References

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  1. ^ "Branch List".
  2. ^ Republica. "Paramount motors partners with NIMB Bank to offer up to 80 percent financing for MG EVs". My Republica. Retrieved 2024-09-05.
  3. ^ SUBEDI, SHREE RAM. "Nepal's NIMB Bank receives accreditation from Green Climate Fund for climate action investments". My Republica. Retrieved 2024-07-19.
  4. ^ SUBEDI, SHREE RAM. "Nepal's NIMB Bank receives accreditation from Green Climate Fund for climate action investments". My Republica. Retrieved 2024-09-05.
  5. ^ "Home". nepalstock.com.np.
  6. ^ "Home". nimbace.com.
  7. ^ "Home". nimbstock.com.np.