Siddhartha Bank
| Company type | Public |
|---|---|
| NEPSE: 145 | |
| Industry | Banking |
| Founded | 2002 |
| Headquarters | Naxal, Kathmandu |
Number of locations | 197 Branches |
Area served | Nepal |
Key people | Mr. Manoj Kumar Kedia (chairman) Mr. Sundar Prasad Kadel (CEO) [1] |
| Products | Loans, Credit cards, Savings, Investment, Merchant banking |
Number of employees | 2000+ |
| Parent | Siddhartha Group |
| Website | www.siddharthabank.com |
Siddhartha Bank Limited (SBL) is one of the largest private Commercial Bank in Nepal which is 18th commercial bank to be licensed by Nepal Rastra Bank. It started operation in Dec 2002. [2] and has 196 branches and 226 ATMs all across the nation with its head office in Kathmandu which provides entire commercial banking services and remittance services. [3]
The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.[4]
Siddhartha Bank Limited has received several awards and recognitions for its performance and contribution to the banking industry in Nepal.[citation needed] It has been awarded as the 'Bank of the Year' by The Banker,[citation needed] a leading financial magazine, and has also been recognized by various organizations for its contribution to the economy and society.
Correspondent Network
[edit]The bank has been maintaining correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross-border services. Through these correspondent, the bank is able to provide services in any major currencies in the world.
SBL Remit
[edit]SBL Remit is also a popular remittance company in Nepal. SBL Remit is a product of Siddhartha Bank Limited (SBL), one of the commercial banks in Nepal. It offers various remittance services to its customers, including online remittance, bank deposit, and cash pickup. SBL Remit has tie-ups with various banks and financial institutions in Nepal and has a presence in countries such as the United States, Australia, the United Kingdom, and the Gulf countries.
Ownership structure
[edit]The Bank currently has a paid-up capital of Nepalese Rupees 14.09 Billion (as of FY 2023/24) [5]
- Promoter Group - 51.00%
- General Public - 49.00%
Subsidiaries
[edit]The bank's subsidiaries are as follows:
- Siddhartha Capital Limited.[6]
See also
[edit]
References
[edit]- ^ "Sundar kandel appointed as CEO of siddhartha Bank". www.investopaper.com. 21 December 2021.
- ^ SBL rating by ICRA Nepal (PDF). Icranepal (Report). Retrieved 2022-12-11.
- ^ "Service Networks of Siddhartha Bank". Siddhartha Bank. Retrieved 2022-12-11.
- ^ "Nepal Stock Exchange Ltd". www.nepalstock.com.
- ^ https://nepalstock.com.np/company/detail/145.
{{cite web}}: Missing or empty|title=(help) - ^ "Home". www.siddharthacapital.com/.