Proposal: INTRODUCTION-A Brief Profile Of HIMALAYAN Bank Ltd.

Himalayan Bank Limited (HBL) is one of the largest private banks of Nepal. The Bank was incorporated in 1992 AD by a few eminent individuals of Nepal in partnership with the Employees Provident Fund and Habib Bank Limited of Pakistan. The bank commenced its operations in January 1993AD. Himalayan Bank is also the first commercial bank of Nepal with most of its shares held by the private sector of Nepal. Besides commercial banking services, the bank also offers industrial and merchant banking service.

With its head and corporate office at Kamaladi, Kathmandu, the bank has 44 branches and 80 ATM Stations. Eighteen of its branches are located inside the Kathmandu Valley while the rest are spread across the nation (Kathmandu Valley comprises Kathmandu, Lalitpur and Bhaktapur Districts). Besides, a branch looking exclusively at electronic cards and related products, is based in Patan, Lalitpur. The bank has following capital structure:

·        A Group Of Companies                   51%

·        Habib Bank Ltd.                               20%

·        Employees Provident Fund                        14%

·        General Public                                  15%

                                                                        100%

Share Capital Of HIMALAYAN Bank Limited

Authorized Capital

50,000,000 Ordinary Shares @ Rs. 100 each                              5,000,000,000

Issued Capital

33,327,000 Ordinary Shares @ Rs. 100 each                              3,332,700,000

Paid up Capital

33,327,000 Ordinary Shares @ Rs. 100 each                              3,332,700,000

(11,664,450 Bonus Share offered this year)

Service Offered By HIMALAYAN Bank Limited

HIMALAYAN Bank Limited has offers various types of services to its customers which are as follows :-

a)     Accepting deposits from its customer in various accounts like current, fixed and saving accounts.

b)     Granting loan & advance against cash pledge, pledge of shares, pledge of saving bonds, security of authorization to deduct own or third party’s account in terms of overdraft, demand loan, time loan, making investment in treasury bills, foreign bills and indigenous bill.

c)     ATM, Debit Card, Credit Card, Utility bill payment facilities.

d)     E-banking, Premier banking.

e)     Safe deposit locker facility.

f)      Discounting bills, Bills purchase.

g)     Opening facility of letter of credit.

h)     Remittance service, ABBS, Clearing / collection service.

With its head and corporate office at Kamaladi, Kathmandu, the bank has 44 branches and 80 ATM Stations. Eighteen of its branches are located inside the Kathmandu Valley while the rest are spread across the nation (Kathmandu Valley comprises Kathmandu, Lalitpur and Bhaktapur Districts). Besides, a branch looking exclusively at electronic cards and related products, is based in Patan, Lalitpur.