Siddhartha Bank Limited (SBL) is one of the largest private

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 ...

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 ...

which is 18th commercial bank to be licensed by

Nepal Rastra Bank The Nepal Rastra Bank (NRB; ) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic ...

. It started operation in Dec 2002. and has 196 branches and 226 ATMs all across the nation with its head office in

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 ...

which provides entire commercial banking services and remittance services. Siddhartha bank is also official title sponsor of the (NPL)

Nepal Premier League The Nepal Premier League, officially known as Siddhartha Bank NPL for sponsorship reasons, is a men's Twenty20 cricket league held annually in Nepal. Founded by the Cricket Association of Nepal (CAN) in 2024, the league features eight province ...

for a five-year period starting in 2024. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. Siddhartha Bank Limited has received several awards and recognitions for its performance and contribution to the banking industry in Nepal. It has been awarded as the 'Bank of the Year' by The Banker, a leading financial magazine, and has also been recognized by various organizations for its contribution to the economy and society.

Correspondent Network

The bank has been maintaining 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.

SBL Remit

SBL Remit is also a popular remittance company in Nepal. SBL Remit is a product of Siddhartha Bank Limited (SBL), one of the commercial banks in Nepal. It offers various remittance services to its customers, including online remittance, bank deposit, and cash pickup. SBL Remit has tie-ups with various banks and financial institutions in Nepal and has a presence in countries such as the United States, Australia, the United Kingdom, and the Gulf countries.

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 ...

14.09 Billion (as of FY 2023/24) *Promoter Group - 51.00% *General Public - 49.00%

Subsidiaries

The bank's subsidiaries are as follows: * Siddhartha Capital Limited.

References

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External links