KATHMANDU, JULY 14

Nabil Bank has marked its 42nd anniversary by reaffirming its long-term strategy to expand digital banking services and integrate artificial intelligence (AI) into its operations under its "Banking & Beyond" vision.

Speaking at the anniversary programme, Chairman Nirvana Kumar Chaudhary said the bank would focus on AI-enabled banking to improve customer experience, lending, risk management and financial inclusion while maintaining customer trust as its core value.

He said the bank plans to further develop its digital banking platform, nBank, with AI-driven services aimed at delivering more personalised and efficient banking solutions.

Chief Executive Officer Manoj Kumar Gyawali said the bank has grown to serve more than 2.6 million customers through a nationwide network of 264 branches and 315 ATMs, supported by 2,469 employees.

According to the bank, it has extended loans worth Rs 53.31 billion to the agriculture sector, Rs 51.06 billion to energy projects, Rs 45.92 billion to micro, small and medium enterprises, and Rs 11.10 billion to the tourism sector.

The bank reported a net worth of Rs 70.83 billion and a net profit of Rs 6.76 billion as of the third quarter of the current fiscal year. It said total deposits have reached Rs 588.85 billion, total lending stands at Rs 464.10 billion and total assets amount to Rs 718.42 billion.

To mark the anniversary, Nabil Bank has announced a 42-day promotional campaign, including concessional reconstruction home loans for residents affected by road expansion projects in Hetauda and Birgunj, discounts on selected banking services, and fee waivers on certain debit and credit card products.

Established in 1984, Nabil Bank is one of Nepal's largest private commercial banks and operates across the country through its branch and ATM network.