Background of the Bank
With an authorized capital of NPR 10 billion, Issued Capital of NPR 9.47 billion and Paid up Capital of NPR 9.29 billion, Mega Bank Nepal Limited is one of the nation’s premier financial institutions consistently living it’s Service Pledge to conduct business by continually creating mutually beneficial relationships with all its stakeholders; Customers, Shareholders, Regulators, Communities and Staff. The Bank realizes that its success is directly correlated with the pace at which it fosters its relationship with its stakeholders, so that in every step of its journey, both parties benefit, succeed and grow together.
Following the completion of all regulatory requirements, Nepal Rastra Bank had issued Mega Bank its Operating License on 4th Shrawan 2067 and the Bank had commenced banking operations from 7th Shrawan 2067. Now with the Bank having completed seven years of operations is on its way to realizing the aspirations of 1,219 Promoters who comprise primarily from middle class families spread over 63 Districts of Nepal. The promoters held the vision to establish a national level Class ‘A’ full service Commercial Bank which was made a reality by an experienced and able Management Team and staff members driven by a Mission to provide Banking services to the entire economic strata of the Nepalese society from ‘Halo to Hydro’.
Halo to Hydro or from Plough to Power is the slogan which drives the Mega Team in furthering banking services.
The Bank has 91 branches, 8 extension counters and 74 Automated Teller Machines (ATMs) throughout the country in addition to 58 Branchless Banking (BLB) centers and 1800+ Mega Remit agents.
Mega Bank offers a wide range of Banking products and financial services to the Corporate, Mid-Corporate, SME, Consumer and Micro customers through a variety of delivery channels.
The Bank is committed to delivering the highest level of professional financial services with a personal touch, not only to those who are already within the formal banking arena but also those who till date, have been outside it. Mega Bank is committed to providing financial solutions to not just the top, middle or bottom of the pyramid, but to strive towards providing financial solutions and economic linkages to the ‘Entire Economic Pyramid’.
In line with the Bank’s vision to cater to the needs of the people from ‘Halo to Hydro – Plough to Power’, the Bank has created a separate Mega Micro Banking unit to provide micro finance services to the low income and deprived populace of the country. Through this program, the Bank provides small size loans and mobilizes small savings amongst entrepreneurs and low income groups and seeks to provide other Banking products and services that fit their requirements. Our micro Banking corporate slogan states: “Financial Inclusion for Economic Empowerment”.