Kathmandu. Nabil Bank has been awarded with the ‘Bikash Nayak 2082’ award. The bank was awarded as an Institutional Hero at the Development Debate and Development Hero Honor Ceremony organized by Bikash Media.

The award ceremony was handed over to CEO of Nabil Bank Mr. Manoj Gyawali by Finance Minister Rameshwor Khanal in the presence of Chairman of Nabil Bank Upendra Prasad Poudel. Nabil Bank has been awarded with the award in recognition of its significant contribution to the economic development of Nepal through the financial sector including insurance sector.

Nabil Bank has been leading the banking sector in Nepal for over four decades through financial inclusion, digital innovation and investment in priority sectors. Expansion of access to quality financial services, nationwide digital banking, promotion of entrepreneurship and employment, and significant contribution to national revenue are some of the major achievements of Nabil Bank.

Commenting on the honour, CEO Gyawali said, “It is a matter of pride for Nabil Bank to receive the Bikash Nayak 2082 award. This award is also an acknowledgement of Nabil Bank’s four decades long nation building journey. It further strengthened our commitment to achieving sustainable economic growth through financial inclusion, digital innovation, job creation, revenue support, energy and infrastructure development,” he added. Saying that the honour has supported the vision of ‘Prosperous Nepal, Happy Nepali’, he said the honour had given energy to contribute to the country’s development.

Nabil Bank was established as the first joint venture bank in 1984 while playing a pivotal role in the banking transformation of Nepal. Nabil Bank, which has set new benchmarks in terms of quality, efficiency and innovation with the launch of the first computerized bank, has set new standards in terms of quality, efficiency and innovation of its services. It has expanded banking services to underserved communities by reducing time, distance and cost through digital platforms such as the NBC app.

Nabil Bank has been a major catalyst for the national economy in the development of energy and infrastructure. Nabil Bank, which became the first commercial bank to invest in hydropower sector in 1998, has invested around Rs. It has committed Rs 75 billion and financed more than 3,100 MW of power projects. The bank has been leading the projects of national pride through consortium financing, hydropower, solar energy, renewable energy, electric vehicle, and national pride projects.

Nabil Bank has been recognized as the highest taxpayer bank in the financial sector eight times, contributing its strong contribution to the national revenue. The bank is committed to transparency, good governance and promotion of formal economy.

Beyond banking, Nabil Bank is also active in its social responsibility activities. With its contribution in disaster response, education, health and financial literacy, the bank has supported 193 enterprises through the Nabil School of Social Entrepreneurship and has contributed to create more than 17,000 jobs.

Nabil Bank is one of the pioneer banks in Nepal. Nabil Bank has been providing services to more than 2.5 million customers through 268 branches and 321 ATMs across the country. For the past four decades, Nabil Bank has been playing a pivotal role in initiating innovation in the Nepalese banking sector and also a milestone in the history of banking development of Nepal.