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NMB Bank

NMB Bank Limited (NMB) is the first commercial bank of Nepal that has been able to upgrade from a Finance Company to full- fledged Commercial Bank. Nepal Merchant Banking and Finance Ltd., the erstwhile name of the institution, was amongst the leading financial institutions in its category till May 2008 when the transformation process for the upgradation was complete and changed its name to NMB Bank Limited. NMB is the brainchild of leading Nepali entrepreneurs with dream of framing the ultimate in Merchant Banking and Financial Services.

Mission:
To gain supremacy in growth, profit, customer care and social response in banking by way of:

  • Leveraging and integrating the existing strengths of the institution
  • Reaching out and serving wide range of customers within and outside the country
  • Developing a culture of “Giving Extra Care to the Customers”
  • Being innovative in designing and delivering services
  • Adopting prudent investment practices for building up a sound assets base.
  • Developing internal and external efficiencies by prudent use of technology
  • Building operational efficiency through smarter processes and controls
  • Providing exciting and challenging career prospects for the employees
  • Placing high priority on stakeholders’ interest and statutory compliance
  • Acting responsibly for making contributions to the society at large

 

Website of the NMB Bank: www.nmb.com.np

 

 

News about the NMB Bank
02-10-2011
NMB Bank Ltd has commenced its 15th ATM in Butwal on Sunday. The ATM is believed to be convenient for all the people in Butwal.

15-11-2010
NMB Bank posted 180 per cent profit growth to Rs 98.2 million before tax in the first quarter of the current fiscal year 2010-11 compared to the same quarter last fiscal year.

11-04-2010
In its effort to increase its reach in the western development region, NMB Bank Ltd inaugurated its 13th branch in Dhangadhi, Kailali, on Sunday. NMB aims to add three more branches during this fiscal year to have a total of 15 branches in its network.

16-06-2009
NMB Bank has brought its ninth branch into operation from Monday. The newly opened branch in Thaiba of Lalitpur district, was inaugurated by NMB Chairman Pawan Kumar Golya. The bank is planning to open two more branches within the current fiscal year so that the total number of branches reaches 11.

05-06-2009
A meeting of the Securities Board of Nepal (Sebon) today decided to send a warning letter to NMB Bank to be careful in handling primary issues and other documentation work.
It may be recalled that while managing the primary isue of Sunrise Bank, NMB Bank had lost track of at least 47 application forms after the data entry

13-05-2009
NMB Bank on Monday admitted that 47 applications for Sunrise Bank's initial public offering (IPO) were found missing after they had finished entering all the applications into the computer and termed the loss a human error. The case of the missing share applications came to light after street vendors were seen using the application forms to wrap food. NMB Bank said that applications for 7,140 shares worth Rs. 714,000 were missing from its central office. It has informed Nepal Rastra Bank, Security Board of Nepal (SEBON) and Sunrise Bank about the 47 lost share applications

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