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Kumari Bank Limited

Kumari Bank Limited (KBL) started operations on April 3, 2001, therewith becoming the fifteenth commercial bank in Nepal with an objective of providing competitive and modern banking services in the Nepalese financial market. The bank has paid up capital of Rs. 1078.272 million, of which 70 % is contributed from promoters and remaining from public.
KBL has been providing wide - range of modern banking services through 16 points of representations located in various urban and semi urban part of the country, 11 outside and 5 inside the valley. The bank is pioneer in providing some of the latest / lucrative banking services like E-Banking and SMS banking services in Nepal. The bank always focus on building sound technology driven internal system to cater the changing needs of the customers that enhance high comfort and value. The adoption of modern Globus Software and arrangement of centralized data base system enables customer to make highly secured transactions in any branch regardless of having account with particular branch.

Vision

  1. To be customer oriented. Client is always first priority.
  2. Employees have direct input and control over work processes.
  3. Employees are treated equitably, with respect and good faith.
  4. To be transparent in dealings and conduct.

Mission:

  1. Provide world class service to our customers at a higher satisfaction level.
  2. Practice total quality management and embrace good governance.
  3. Optimize our assets to achieve sound business growth.

 

Website of the Kumari Bank: www.kumaribank.com

 

 

News about the Kumari Bank
Jan 14, 2016:
Nepal Credit and Commerce (NCC) Bank and Kumari Bank Ltd along with four other development banks have decided to go undergo merger. Read more

Sept 17, 2015:
Kumari Bank arranged drinking water facility to devotees visiting Pashupatinath Temple on the occasion of Haritalika Teej on Wednesday - Read more

Dec 4, 2011:
Bank of Kathmandu (BoK) has been awarded Bank of the Year 2011-Nepal and Kumari Bank has received The Manthan Award South Asia 2011. The Banker Magazine, a publication of the Financial Times Group awards the banks around the globe with its prestigious The Banker Award.

July 26, 2010
Kumari Bank has bagged mBillionth Award South Asia 2011 for its Kumari Mobile Cash product. The award was given under the m-business and commerce, banking category in the mBillionth 2011 South Asia International Summit 2011 in New Delhi, India on Saturday.

02-12-2010
The 10th annual general meeting (AGM) of Kumari Bank held on Wednesday has approved the proposal of its board to provide 12 percent cash dividend to its shareholders.

15-11-2009
The ninth Annual General Meeting of Kumari Bank held Sunday declared that it would provide 10 percent bonus shares and redeem the existing promoter share to 51 percent. The remaining 19 percent promoters shares will be sold to public.

24-07-2009
The Kumari Bank on Friday announced that Radesh Pant has been appointed its CEO. Pant was sacked unceremoniously as managing director by the board of the Bank of Kathmandu four months ago. Following his appointment, Pant said that he would take Kumari Bank to new heights .

13-06-2009
Kumari Bank has opened a new branch in Butwal. The branch was inaugurated by Shiva Ratan Sharada, chairman of the bank, on Friday, according to the bank.

27-12-2008
Kumari Bank Ltd (KBL) will launch a new savings deposit scheme “Twinkle Star” for children with effect from December 28. According to a press note, the scheme features an interest rate of 6 per cent per annum. The account can be opened with a balance of Rs 1000 for children below 16 years of age.

24-12-2008:
Kumari Bank has launched a new saving deposit product for women ‘Subha Laxmi Bachat’ from December 24. This product features an interest rate of six per cent per annum and can be opened at a balance of Rs 1,000, states a press release. The product is offered through any of the branches of the bank that has promised to launch other innovative products in the future.

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