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Prabhu Bank Limited[3] is a commercial bank in Nepal. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank[4] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.
_01.jpg) Prabhu Bank head office on the Rudramati Marg Road, Kathmandu | |
| Company type | Public |
|---|---|
| NEPSE: 255 | |
| Industry | Banking |
| Founded | 2001 |
| Headquarters | Babarmahal, Kathmandu |
Number of locations | 217 (2022) |
Area served | Nepal |
Key people | Lila Prakash Sitaula (chairman) Ashok Sherchan (CEO) |
| Products | Banking, Loans, Credit card, Savings, Investment, Merchant banking |
 रू260 crore (US$19 million)[1] (2022) | |
Number of employees | 2000+ |
| Subsidiaries | Prabhu Capital Ltd.[2] |
| Website | www.prabhubank.com |
The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.[5]
Ownership structure
editThe Bank currently has a paid-up capital of Nepalese Rupees 23.54 Billion (as of FY 2023/24) [6]
- Promoter Group - 51.00%
- General Public - 49.00%
Subsidiaries
editThe bank's subsidiaries are as follows:
Correspondent Network
editThe bank has been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance, and other cross border services. Through these correspondents, the bank is able to provide services in any major currencies in the world.
