Siddhartha Bank
Siddhartha Bank Limited[1] (SBL) is one of the largest private commercial bank in Nepal. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank[2] and has 180 branches all across the nation with its head office in Kathmandu which provides entire commercial banking services and remittance services.
| Public | |
| Traded as | NEPSE: SBL |
| Industry | Banking |
| Headquarters | Hattisar, Kathmandu |
Area served | Nepal |
Key people | Mr. Shambhu Nath Gautam CEO |
| Products | Loans, Credit cards, Savings, Investment, Merchant banking |
| Website | www.siddharthabank.com |
The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.[3]
History
Siddhartha Bank Limited (SBL), established in 2002 and promoted by prominent personalities of Nepal, today stands as one of the consistently growing banks in Nepal. While the promoters come from a wide range of sectors, they possess immense business acumen and share their valuable experiences towards the betterment of the Bank.
Within a short span of time, Siddhartha Bank has been able come up with a wide range of products and services that best suits its clientele. Siddhartha Bank has been posting growth in its portfolio size and profitability consistently since the beginning of its operations. The management of the Bank has been thoroughly professional.
Siddhartha Bank has been able to gain significant trust of the customers and all other stakeholders to become one of the most promising commercial banks in the country in less than 15 years of its operation. The Bank is fully committed towards customer satisfaction. The range and scope of modern banking products and services the Bank has been providing is an example to its commitment towards customer satisfaction. It is this commitment that has helped the Bank register quantum growth every year. And the Bank is confident and hopeful that it will be able to retain this trust and move even further towards its mission of becoming one of the leading banks of the industry.
Correspondent Network
The bank has been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross-border services. Through these correspondent, the bank is able to provide services in any major currencies in the world.