NMB Bank Nepal

NMB Bank Limited, Kathmandu- Nepal
Traded as NEPSE: NMB[1]
Industry Banking
Founded 2008
Headquarters Babarmahal Kathmandu, Nepal
Website www.nmbbanknepal.com
www.nmb.com.np

NMB Bank Limited,headed by Sunil KC and licensed as an “A” class financial institution by Nepal Rastra Bank in May 2008, has been operating in the Nepalese financial market for over twenty years and is one of the leading commercial banks in the banking industry.

The bank has a joint venture agreement with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), wherein FMO holds 20% of the bank’s shares and is the largest shareholder of the bank. In September 2016, the bank signed a joint venture agreement with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Dutch development bank following which FMO became the single largest shareholder of the bank. The alliance with FMO positions the NMB Bank in becoming the market leader in managing environmental and social risks and the leading player in renewable energy and agribusiness.

Merger and acquisition

The bank merged with these four financial institutions:[2]

  • Bhrikuti Development Bank
  • Pathibhara Bikas Bank
  • Prudential Finance Company
  • Clean Energy Development Bank

See also

References

  1. ↑ NMB
  2. ↑ http://thehimalayantimes.com/business/nmb-bank-receives-merger-approval


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