Nepal Bank Limited is the oldest and first commercial bank of Nepal establishment in 1994 B.S., Kartik 30th in accordance with the Nepal Bank Act. Since, its establishment, NBL has been extending its services domestically and at present it has branch operating over the 67 districts of the country.
Similarly, it has corresponding bank and agency with different banks in the world. At present, it is providing employment to about 5500 employers.
2.3.1 CAPITAL STRUCTURE:
At its establishment its authorized capital was Rs. 10 millions. Issued capital was Rs. 2.5 million and paid-up capital of Rs. 0.842 million with government holding of 40 % of equity by public placement of shares. Later in 2009 B.S. government increased its holding to 51% share with the public retaining the remaining percent. Recently, under the privatization process of Nepal Bank Limited the government reduce its holding in the pioneer bank to 41.12 % to 25%. At present, it has an authorized capital of Rs. 1000 millions and issued capital of Rs. 500 million and paid up being Rs. 380.4 million. The bank is in the process of making the paid up capital in near future to Rs. 500 millions as per the directives of Nepal Rastra Bank.
2.3.2 OBJECTIVE OF NEPAL BANK LIMITED:
a. To deposit money in current, saving and fixed account.
b. To provided the capital under guarantee scheme such as education, trade, sculpture, agriculture, city cleaning and enhancing.
c. To issue bill of exchange, Hundi etc to customer
d. To invest in government bonds and securities.
e. To function as a agency.
