February 23: Nepal Investment Mega Bank Limited has recently brought two new branches into operation in Kathmandu. The bank launched a new branch into operation each at Swayambhu in Kathmandu Metropolitan City-15 and Balaju in Kathmandu Metropolitan City-16.

The Chief Executive Officer (CEO) of the bank, Jyotiprakash Pandey, inaugurated the new branches. In the program, CEO Pandey said that the new branches will provide excellent banking services, along with all kinds of banking services, to the customers.

Nepal Investment Mega Bank has been providing services through 268 branches, 63 extension counters, 113 branchless banking, and 262 ATMs nationwide. In the past month, the bank also launched branches in Anamnagar and Shankhamul in Kathmandu and Satdobato and Bhaisepati in Lalitpur.

Nepal Investment Bank Limited (NIBL), established in 1986 as a joint venture between Nepalese and French partners was initially named Nepal Indosuez Bank Ltd. The French partner holding 50% of the capital of Nepal Indosuez Bank Ltd. was Credit Agricole Indosuez, a subsidiary of one of the largest banking groups in the world.

Later in 2002, a group of Nepalese companies comprising bankers, professionals, industrialists, and businessmen acquired the 50% shareholding of Credit Agricole Indosuez in Nepal Indosuez Bank Ltd. and accordingly named the bank: Nepal Investment Bank Ltd. (NIBL). After 36 successful years of operation, a new phase beckoned for NIBL. Following Nepal Rastra Banks (NRB) policy to reduce the number of commercial banks across the country, Nepal Investment Bank Ltd. signed a Memorandum of Understanding (MoU) with Mega Bank Nepal Ltd. to enter a merger on June 10th, 2022.

Mega Bank Nepal Ltd. started its operations on July 23rd, 2010, and had completed 12 years of operation in the banking sector with its total paid-up capital amounting to NPR 16.12 billion. Nepal Investment Bank and Mega Bank Nepal started joint operations on January 11th, 2023, by the unifying name of; Nepal Investment Mega Bank Ltd. (NIMB).

As a merged entity Nepal Investment Mega Bank Ltd will continue to provide exemplary banking services to its ever-increasing volume of clientele thus significantly contributing to Nepal's financial sector.