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Nepal Investment Mega Bank (Nepal)

Main Activities: Other Depository Credit Intermediation
Full name: Nepal Investment Mega Bank Profile Updated: May 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

The Bank, previously Nepal Indosuez Bank Ltd., was established in 1986 as a joint venture between Nepalese and French partners. The French partner (holding 50 of the capital of NIBL) was Credit Agricole Indosuez, a subsidiary of one of the banking groups in the world. The name of the Bank has been changed to Nepal Investment Bank Ltd. upon the approval of the Bank s Annual General Meeting, Nepal Rastra Bank and Company Registrar s office with the following shareholding structure.
The Bank delisted from Nepal Stock Exchange on 11 January 2023. Nepal Investment Bank Ltd (NIBL) and Mega Bank have started joint operations from 12 January 2023 following a successful merger between the two banks

Headquarters
Durbar Marg, P.O. Box: 3412
Kathmandu; Bagmati; Postal Code: 44600

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Website: http://www.nimb.com.np

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1986
Key Executives
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Chairman
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Chief Executive Officer
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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12.06%
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7.1%
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6.6%
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6.28%
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5.97%
Company Performance
Financial values in the chart are available after Nepal Investment Mega Bank report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NPR. Absolute financial data is included in the purchased report.
Net interest income
22.14%
Operating profit (EBIT)
21.97%
Net Profit (Loss) for the Period
41.49%
Total assets
10.57%
Total equity
10.34%
Total Assets Trend
-71.5%
Net Interest Income Trend
-88.03%

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