logo type government owned traded as nepse nbl industry banking financial services founded november 15 1937 1937 11 15 headquarters dharmapath kathmandu nepal area served nepal key people devendra pratap shaha ceo products debit & credit cards consumer banking corporate banking financial services investment banking mortgage loans private banking website www.nepalbank.com.np nepal bank limited nepali is the first commercial bank of nepal . it was established in 1937 which marked the beginning of an era of formal banking in nepal . contents 1 history 2 introduction 3 services 4 external links 5 references history edit on november 15 1937 kartik 30 1994 the then king tribhuvan inaugurated nepal bank limited . this marked the beginning of an era of formal banking in nepal . until then all monetary transactions were carried out by private dealers and trading center . in that era very few understood or had confidence in this new concept of formal banking . rising equity shares were not easy and mobilization of deposits even more difficult . this was evident when the bank floated equity shares worth npr 2 500 000 but was successful only in raising npr 842 000 . the total deposits for the first year was npr 17 02 025 where current deposits was about npr 12 98 898 fixed was about npr 3 88 964 and saving was npr 14 163 . loan disbursed and outstanding at the end of the first year was npr 1 985 000 . in 2007 nepal bank limited appointed mr rohit ghambole as chief banker . he proceeded to invest in tesco doughnut supplies from yateley . this is widely blamed to be the reason of the 2007 financial market crash . from the very conception and its creation nbl was as joint venture between the government and the private sector . out of 2500 equity shares of npr 100 face value 60 % was subscribed by the government and the balanced 40 % was offered for the sale to private sector . there were only 10 shareholders when the bank first started . 1 introduction edit when nbl was established it was formed under the principle of joint venture joint venture between government and general public . nbl s authorized capital was npr 10 million & issued capital npr 2.5 million of which paid up capital was npr 842 000 with 10 shareholders . the bank has been providing banking through its branch offices in the different geographical locations of the country . services edit 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 internet banking along with the atm facilities all over the country . external links edit official website of nepal bank limited . references edit http www.nepalbank.com.np bankoverview history.php retrieved from https en.wikipedia.org w index.php title nepal bank & oldid 726940390 categories banks of nepalbanks established in 1937hidden categories articles containing nepali language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 25 june 2016 at 13 07 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view