Mega Bank: Journey, Achievements, and the Future

Mega Bank Nepal Limited is one of the premier financial institutions of Nepal with an Authorized Capital of NPR 15 Billion, Issued Capital of NPR 14.65 Billion, and Paid-Up Capital of NPR 14.65 Billion. The Bank is consistently living its Service Pledge to conduct business by continually creating a mutually beneficial relationship 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 B.S., and the Bank commenced its operations from 7th Shrawan 2067. With 11 successful years in operation, the bank is on its way to realizing the aspirations of 2,699 Promoters who comprise primarily from middle-class families spread over more than 63 Districts of Nepal. The Promoters held the vision to establish a national level Class "A" 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 “Plough to Power” is the slogan that drives the Mega Team to further promoting banking services with excellence.

Pashchimanchal Development Bank Limited, a regional level “B” Class Financial Institution having its Head Office at Butwal of Rupandehi district was merged with Mega Bank Nepal Limited on 13th Baisakh 2073 (25th April 2016). Similarly Tourism Development Bank Limited, a national level “B” Class Financial Institution having its Head Office at Kathmandu merged with the Bank on 30th Baisakh 2075 (13th May 2018). Likewise, Mega Bank has acquired Gandaki Bikash Bank Limited, a national level “B” Class Financial Institution having its Head Office at Pokhara of Kashi district, and commenced joint operations from 21st Asar 2077 (5th July 2020).

The official website of the Bank is www.megabanknepal.com. Currently, the Bank has 178 branches, 33 extension counters, and 137 ATMs throughout the country in addition to 68 Branchless Banking (BLB) outlets and 3,200+ Mega Remit agents. Mega Bank offers a wide range of Banking Products and financial services to Corporates, Mid-Corporates, SMEs, Consumers, and Micro Customers through a variety of delivery channels.

The Bank has been recognized and awarded by various national and international award programs. To date, the Bank has received: Gold Winner of Nepal Business Excellence Awards 2017 by Frost & Sullivan, Best Women CEO of the Year 2019, awarded for Best Bank for SMEs and Best Bank for Microfinance by Asia Money, and awarded “Bank of the Year in Nepal 2019” by The Banker-Financial Times, London.

Further, the Bank has already achieved “ISO 9001:2015” certification for its sustainable development, contemporary products and services, efficient management, and practices.

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 to 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 saving amongst entrepreneurs and low-income groups, and seeks to provide other Banking products and services that fit their requirements. Bank’s Micro Banking Corporate slogan states: "Financial Inclusion for Economic Empowerment".