Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; Nepali: राष्ट्रिय वाणिज्य बैंक) is fully government owned, and the largest commercial bank in Nepal.[1][2] RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act. RBB provides banking services to customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors.
| Company type | Government owned |
|---|---|
| Industry | Banking |
| Founded | 23 January 1966 |
| Headquarters | Singha Durbar, Kathmandu, Nepal |
Number of locations | 300+ Branches |
Area served | Nepal |
Key people | Dr.Balaram Pathak Chairman, Devendra Raman Khanal CEO |
| Products | Banking, Loans, Credit card, Savings, Investment, Merchant banking |
Number of employees | 3000+ |
| Website | rbb |
Constituted under RBB Act 2021 with the full ownership of the government of Nepal, the bank has been running under Bank and Financial Institute Act (BAFIA) and Company Act (CA) 2063. The bank, licensed by NRB[3] as an 'A' class commercial bank of the country, is a component of the Nepalese economy.
Ownership structure
editThe Bank currently has a paid-up capital of Nepalese Rupees 15.64 Billion (as of FY 2023/24) [4]
- Nepal Government - 99.08%
- General Public - 1.00%
Subsidiaries
editThe bank's subsidiaries are as follows:
References
edit- ^ "Introduction - Rastriya Banijya Bank". www.rbb.com.np. Archived from the original on 2013-03-26.
- ^ "NRB takes action against 7 banks | National | Business". www.ekantipur.com. Archived from the original on 2013-10-03.
- ^ NRB
- ^ "Home". sharesansar.com. 15 December 2016.
- ^ "Home". rbbmbl.com.np.
- ^ "Home". rbbsecurities.com.
