Himalayan Bank Limited (HBL) is one of the largest private

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

s in

Nepal Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China Ch ...

. The Bank was incorporated in 1992 by a few eminent individuals of

in partnership with the Employees Provident Fund and

Habib Bank Limited Habib Bank Limited (often abbreviated as HBL) is a Pakistani bank headquartered at Habib Bank Plaza, Karachi with regional offices in Lahore and Islamabad. It is a subsidiary of Swiss-based organisation Aga Khan Fund for Economic Development ( ...

Pakistan Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...

. The bank commenced its operations in January 1993. Himalayan Bank is also the first

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

of Nepal with most of its shares held by the private sector of Nepal. The bank has its head and corporate office at Kamaladi,

Kathmandu Kathmandu () is the capital and largest city of Nepal, situated in the central part of the country within the Kathmandu Valley. As per the 2021 Nepal census, it has a population of 845,767 residing in 105,649 households, with approximately 4 mi ...

. Mr. Ashoke SJB Rana is the Chief Executive Officer of the Bank. Among the top management are Mr. Ujjal Rajbhandary, DCEO and Mr. Anup Maskey, DCEO. The bank holds the legacy of introducing various banking services for the first time in Nepal from the very beginning. Products such as Premium Savings Account, HBL Proprietary Card and Millionaire Deposit Scheme besides services such as ATMs and Tele-banking were first introduced by HBL which was able to win customers’ hearts during that time. Since its establishment, the bank has been highly focused on innovative approaches and customer satisfaction. The bank started its journey from Employees Provident Fund Building, popularly known as Sanchayakosh Building at Thamel, Kathmandu. HBL has also been serving Nepali citizens living in the country and abroad through remittance service. Presently, HBL is the biggest inward remittance handling bank in Nepal. With its exclusive and proprietary online money transfer software – HimalRemit™, HBL is among the top remittance service providers in Nepal having ties with financial institutions based in the Middle East, Gulf region, UK, Australia, USA, Japan, Israel, South Korea, Malaysia, Singapore, Portugal, Spain and Hongkong. With respect to the Merger and Acquisition Policy introduced by Nepal Rastra Bank, Himalayan Bank Limited acquired Civil Bank Limited at 100:80.28 swap ratio (A shareholders holding 100 scrips of CBL will get 80.28 scrips of HBL) and commenced the joint operation as “Himalayan Bank Limited” from February 24, 2023. Currently, the Banks has been happily serving its customers from total of 175 Branch Offices and 20 Extension Counters spread all over Nepal.

Ownership structure

The Bank currently has a paid-up capital of Nepalese

Rupees Rupee (, ) is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Afr ...

36.13 Billion (as of FY 2023/24) *Promoter Group - 57.99% *General Public - 27.01%

Subsidiaries

The bank's subsidiaries are as follows: * Himalayan Capital Limited. * Himalayan Securities Limited. * Himalayan Laghubitta Bittiya Sanstha Limited.

References

External links

* Banks of Nepal Banks established in 1993 1993 establishments in Nepal {{nepal-stub