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Prabhu Bank

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Prabhu Bank
प्रभु बैक लिमिटेड
Company typePublic
NEPSE255
IndustryBanking
Founded2001
HeadquartersBabarmahal, Kathmandu
Number of locations
217 (2022)
Area served
Nepal
Key people
Lila Prakash Sitaula (chairman)
Ashok Sherchan (CEO)
ProductsBanking, Loans, Credit card, Savings, Investment, Merchant banking
Increase रू260 crore (US$19 million)[1] (2022)
Number of employees
2000+
SubsidiariesPrabhu Capital Ltd.[2]
Websitewww.prabhubank.com

Prabhu Bank Limited[3] is a commercial bank in Nepal. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank[4] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.

The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.[5]

Ownership structure

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The Bank currently has a paid-up capital of Nepalese Rupees 23.54 Billion (as of FY 2023/24) [6]

  • Promoter Group - 51.00%
  • General Public - 49.00%

Subsidiaries

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The bank's subsidiaries are as follows:

  • Prabhu Capital Limited.[7]
  • Prabhu Stock Market Limited.[8]

Correspondent Network

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The bank has been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance, and other cross border services. Through these correspondents, the bank is able to provide services in any major currencies in the world.

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See also

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References

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  1. ^ "Prabhu Bank Limited has posted a net profit of Rs 2.60 billion". 23 July 2022.
  2. ^ "about prabhu capital".
  3. ^ "Home". prabhubank.com.
  4. ^ "Home". nrb.org.np.
  5. ^ "Home". nepalstock.com.
  6. ^ "Home". www.nepalstock.com.np.
  7. ^ "Home". prabhucapital.com.
  8. ^ "Home". prabhustock.com/.