Press Release: NIBL enters 25th years, introduces two new schemes

February 17, Kathmandu, Nepal Investment Bank Limited (NIBL), which is celebrating its 24th anniversary today (February 26), has opened its 38th branch in Maharajgunj, Kathmandu on Thursday, February 25.

The newly opened branch will be linked through ABBS (Any Branch Banking Services) to all other 38 branches around the country. The key services provided by the branch include deposit and credit facility, foreign exchange, retail banking, import, export, letters of credit, guarantees and remittances, among others.

The bank has also introduced two new products – Savings Plus Plus and Fixed deposit, whereby the bank gives interest up to  6% on savings account and up to 10% interest on Fixed deposit.

Nepal Investment Bank, with the widest networking chain, has extended its ATM in Gaighat and Krishnanagar recently. With that bank has total of 65 ATM chains and 38 branches around the country.

Nepal Investment Bank Ltd, previously Nepal Indosuez Bank Ltd, was established in 1986 as joint venture between Nepalese and French partners. The first private sector bank is Nepal, has now the highest capital base, highest growth rate among the banks in Nepal and number one deposit lender.

The bank plans to provide exceptional banking services within all major pockets of the country, both within and outside the Kathmandu valley. In the coming days, the bank plans to extend its access to rural areas as well as urban centers, whereby extending banking service for larger chunk of population.

The bank is also committed towards the highest levels of ethical standards, professional integrity, corporate governance and regulatory compliance.


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