Nabil Bank's inauguration of its 4 branches in Kathmandu

3rd June 2009

Halchowk – Thamel – Kaushaltar - Naya Baneshwar

On Tuesday 2nd June 2009 Nabil Bank formally inaugurated 4 Branches in the Kathmandu Valley. Mr. Satyendra Pyara Shrestha, Chairman of Nabil Bank and former Governor of Nepal Rastra Bank inaugurated the Branch in the presence of the Bank’s customers, Directors and officials.

Nabil Bank believes that as the nation’s first joint venture bank it should always break new ground and set new trends in doing things. In keeping with this philosophy last fiscal year for the first time in the history of banking in Nepal, Nabil Bank had electronically inaugurated 9 new branches in one day at one function. This time in a synchronized inauguration Chairman Shrestha inaugurated all four branches one after the other starting in the morning with Thamel Branch, then Halchowk Branch, before proceeding to Kaushaltar Branch and then finally Naya Baneshwar Branch.

In keeping with the Bank’s mission to be the 1st Choice Provider of Complete Financial Solutions of all its stakeholders, the Bank announced the commencement of the second phase of its branch network expansion strategy. The first phase was the opening of nine branches in rural and semi-urban areas last fiscal year. In the second phase the Bank is opening 9 branches in Kathmandu Valley, of which 4 were inaugurated today. With the formal inauguration of the four new Branches, Nabil Bank now has 32 points of representation, spread across the nation.

Chairman of Nabil Bank Mr. Satyendra P. Shrestha stated, “Nabil Bank remains committed to increasing the reach of formal banking services right across the nation. Nabil introduced international standard banking in Nepal 24 years ago with the commencement of operations in Kathmandu. Over almost two and a half decades of operations the Bank has spread its network across most major urban, semi-urban and rural areas of the nation. With the opening of four additional branches in Kathmandu the Bank has enhanced its network even further in the nation’s main economic center to increase its reach and service delivery in the Valley”.

Nabil Bank’s Chief Executive Officer Mr. Anil Shah stated, “The opening of the 4 new Branches exemplifies our commitment to continuously enhance the level of service delivery to our valued customers through the enhancement of our branch network. Our mission is to be the 1st Choice Provider of Complete Financial Solutions to all our stakeholders, and we are sure that the opening of these Branches across the Kathmandu Valley will generate the needed business and revenue for the Bank to enable us to commence with our third phase of expansion outside the Valley again”.

Nabil Bank now has 10 Branches in Kathmandu Valley and 32 points of representation across the nation. Now wherever you are in Kathmandu or across Nepal you are never too far from the 1st Choice Provider of Complete Financial Solutions because a Nabil Branch will always be close to you.