MEGA BANK NEPAL LTD.

MEGA BANK NEPAL LTD. Company Profile

MEGA BANK NEPAL LTD. is a financial institution, specifically a commercial bank. It is neither a factory nor a trader. It provides banking and financial services.

Company Introduction:

MEGA BANK NEPAL LTD. was established on July 23, 2010, as an "A" class commercial bank licensed by Nepal Rastra Bank, the central bank of Nepal. Its headquarters are located in Kathmandu, Nepal. The bank was formed with the primary objective of providing comprehensive banking services to the Nepalese population, including retail, corporate, and small and medium-sized enterprise (SME) clients.

Key Services Offered:

* Deposit accounts (savings, current, fixed deposits)

* Loan products (home loans, business loans, personal loans, agricultural loans)

* Trade finance

* Remittance services

* Digital banking (mobile banking, internet banking)

* ATM services

* Treasury services

* Project financing

MEGA BANK NEPAL LTD. has grown significantly since its inception through organic growth and strategic mergers. In 2022, it successfully merged with Nepal Investment Bank Ltd. to form Nepal Investment Mega Bank Ltd. (NIMB), creating one of the largest commercial banks in Nepal. This merger aimed to strengthen its market position, expand its service network, and enhance its financial capabilities. The bank plays a vital role in Nepal's economic development by facilitating financial transactions, mobilizing savings, and providing credit to various sectors of the economy.

MEGA BANK NEPAL LTD. primarily offers financial products and services including:

* Retail Banking (Savings Accounts, Current Accounts, Fixed Deposits, Loans)

* Corporate Banking (Loans, Trade Finance)

* SME Banking (Loans, Deposit Products)

* Microfinance

* Cards (Debit, Credit)

* Remittance Services

* Digital Banking (Mobile Banking, Internet Banking)

* Investment Banking

* Insurance Products (as a distributor)