Civil Bank Limited (CiBL) ( ne, सिभिल बैंक लिमिटेड; ) is a
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
in
Nepal
Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne,
सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is mai ...
. Founded in 2010, the bank is an ‘A’ class commercial bank licensed by
Nepal Rastra Bank and has branches all across the nation with its head office in
Kathmandu
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which provides entire commercial banking services.
The bank was established with a paid up capital of NPR 1.20 billion later raised to 2.00 billion by issuing ordinary shares. The paid up capital of the bank has since been increased to NPR 2.69 billion after distribution of stock dividends and successful acquisition of former Axis Development Bank Limited and Civil Merchant Bittiya Sanstha Limited. The bank is under process of raising paid-up capital to 4.70 billion by acquiring International Leasing and Finance Company Limited. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.
See also
*
List of banks in Nepal This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank.
Class A: Commercial banks
Commercial banks are rated as Class "A" banks by the Nepal Rastra Bank. There are 21 commercial banks as of 24 February 2023. ...
*
Commercial Banks of Nepal
References
{{Reflist
* https://www.civilbank.com.np/senior-executives
* https://www.civilbank.com.np/board-of-directors
External links
Official Website of Civil Bank LimitedOfficial Website of Nepal Rastra Bank
Banks of Nepal
Banks established in 2010
2010 establishments in Nepal