Monday March 30,2020

News FY 2072-73

Nabil Bank receives Credit Rating from ICRA Nepal

Nabil Bank Limited has been assigned rating of [ICRANP-IR] AA- (pronounced ICRA NP Issuer Rating double A minus) by ICRA Nepal Limited.

The entities with [ICRANP-IR] AA- rating are considered as high-credit quality rating by ICRA Nepal and the rated entity carries low credit risk. The assigned rating takes into account the Nabil’s good market position (largest private sector commercial bank in Nepal as per assets base as on mid-Jan-16) emanating from its long track record (operating since 1984) and good franchise, its healthy profitability (RoNW and RoA of 24.78% and 2.19% during H1FY16, notwithstanding some moderation during the last 18 months), adequate capitalization (Tier I capital of 11.64% as on mid Jan-16 as per Basel III norms) and comfortable solvency profile (Net NPA relative to Net worth of 2.17% as on mid Jan-16). The rating also factors in Nabil’s diversified earnings profile (non-interest income of ~1.20% of ATA during the past 12-18 months), low cost of funds supported by healthy deposit profile (CASA deposit of 62% of total deposits on mid-Jan-16), and experienced management team.Nabil’s capitalization levels remains adequate with CRAR of 12.99% and tier I capital of 11.64% as of mid-Jan-2016 (both under Basel III) against minimum regulatory requirement of 10% and 6% respectively (increasing to 11% and 7.25% respectively including capital conservation buffer under Basel III from mid- Jul-16). Going forward, the bank’s capitalization profile is expected to benefit from the plans to retain its profit accruals generated during FY16 and FY17 in order to comply with the revised capital level for Nepalese BFIs.Nabil Share Loan provides solutions to investors looking for hassle-free processing with quick turnaround time for availing loans against dematerialized shares. The product has also been designed to accommodate requirements of investors who trade actively in the share market. The product provides a one-stop solution for loans and management of demat accounts.Share Khata is a new savings account with added services and benefits individuals who seek to invest in shares listed in Nepal Stock Exchange. Share Khata is one of the most convenient and secured platforms to invest in shares/securities and for facilitating timely receipt of dividends, IPO/FPO refund. Share Khata will be complimentary to demat accounts and the account holders can avail internet banking access to track demat accounts maintained with Nabil Investment Banking. Opening of demat accounts can now be initiated from all branches of Nabil Bank.On the occasion of 22nd anniversary of Association of Nabil Bank staffs (ANBS), a blood donation program was organized on December 10, 2016. A total of 70 participants including bank’s staffs and their family members donated their blood at the event held on Nabil Bank premises at Teendhara, Durbarmarg. ANBS handed over a token of appreciation to all the donors.Nepal Red Cross Society appreciated the effort of ANBS for the contribution. ANBS has been conducting the blood donation program every year on its anniversary with a view to support current blood crisis situation in the country. ANBS aims to conduct blood donation program not only within Kathmandu Valley but also outside valley at bank’s branch networks more often.


Bank’s CEO Mr. Sashin Joshi along with senior officials of the bank receiving the certificate.