Jump to content

Siddhartha Bank: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Filled in 1 bare reference(s) with reFill 2
link added
 
(29 intermediate revisions by 20 users not shown)
Line 1: Line 1:
{{Short description|Nepalese commercial bank}}
{{Multiple issues|
{{refimprove|date=August 2018}}
{{Notability|date=August 2020}}
}}
{{Infobox company
{{Infobox company
| name = Siddhartha
| name = Siddhartha Bank Limited<br>सिद्धार्थ बैंक
| logo =
| logo =
| caption =
| caption =
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = [[Nepal Stock Exchange|NEPSE]]: [http://www.nepalstock.com/company/display/145 SBL]
| traded_as = {{NEPSE|145}}
| foundation =
| foundation = 2002
| location = Hattisar, Kathmandu
| location = Naxal, Kathmandu
| key_people = Mr. Manoj Kumar Kedia <small>([[chairman]])</small> <br> Mr. Sundar Prasad Kadel <small> ([[Chief executive officer|CEO]])</small> <ref>{{cite web | url=https://www.investopaper.com/news/sundar-prasad-kandel-appointed-as-ceo-of-siddhartha-bank/ | title=Sundar kandel appointed as CEO of siddhartha Bank |website=www.investopaper.com| date=21 December 2021 }}</ref>
| key_people = Mr. Shambhu Nath Gautam [[CEO]]
| products = Loans, [[Credit card]]s, [[Savings]], [[Investment]], [[Merchant bank]]ing
| products = [[Loan|Loans]], [[Credit card]]s, [[Savings]], [[Investment]], [[Merchant bank]]ing
| area_served = [[Nepal]]
| area_served = [[Nepal]]
| num_locations = 197 [[Branch (banking)|Branches]]
| industry = [[Banking]]
| industry = [[Banking]]
| assets =
| assets =
| num_employees =
| income_year =
| net_income = {{Increase}} {{NPRConvert|301|c}}<ref>{{cite web | url=https://www.sharesansar.com/announcementdetail/siddhartha-bank-limited-has-posted-a-net-profit-of-rs-301-billion-and-published-its-4th-quarter-company-analysis-of-the-fiscal-year-208081-2024-08-05 | title=Siddhartha Bank Limited has posted a net profit of Rs 3.01 | date=5 August 2024 }}</ref>
| net_income_year = 2023
| num_employees = 2000+
| parent =
| homepage = [http://www.siddharthabank.com www.siddharthabank.com]
| homepage = [http://www.siddharthabank.com www.siddharthabank.com]
}}
}}


'''Siddhartha Bank Limited''' (SBL) is one of the largest private [[commercial bank]] in [[Nepal]]. The bank is an ‘A’ class commercial bank licensed by [[Nepal Rastra Bank]] and has 180 branches all across the nation with its head office in [[Kathmandu]] which provides entire commercial banking services and remittance services.
'''Siddhartha Bank Limited''' (SBL) is one of the largest private [[commercial bank|Commercial Bank]] in [[Nepal]] which is 18th commercial bank to be licensed by [[Nepal Rastra Bank]]. It started operation in Dec 2002. <ref>{{Cite report |title=SBL rating by ICRA Nepal |url=https://www.icranepal.com/wp-content/uploads/2019/11/7.-Rationale_Siddhartha_Fresh-Debenture-and-Surveillance_Final.pdf |access-date=2022-12-11 |website=Icranepal}}</ref>
and has 196 branches and 226 ATMs all across the nation with its head office in [[Kathmandu]] which provides entire commercial banking services and remittance services. <ref>{{Cite web |title=Service Networks of Siddhartha Bank |url=https://www.siddharthabank.com/service-networks |access-date=2022-12-11 |website=Siddhartha Bank |language=en}}</ref>


Siddhartha bank is also official title sponsor of the (NPL) [[Nepal Premier League]] for a five-year period starting in 2023.
⚫
The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.<ref>{{Cite web|url=http://www.nepalstock.com/company/display/145|title=Nepal Stock Exchange Ltd.|website=www.nepalstock.com}}</ref>
<ref>{{Cite web |title=Siddhartha Bank named title sponsor of Nepal Premier League|url=https://kathmandupost.com/cricket/2024/11/16/siddhartha-bank-named-title-sponsor-of-nepal-premier-league|access-date=2024-12-26|website=kathmandupost.com/ |language=en}}</ref>


⚫
The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.
<ref>{{Cite web |title=Nepalstock|url=http://www.nepalstock.com/company/display/145|access-date=2022-12-11 |website=Nepalstock |language=en}}</ref>

Siddhartha Bank Limited has received several awards and recognitions for its performance and contribution to the banking industry in Nepal.{{cn|date=May 2023}} It has been awarded as the 'Bank of the Year' by The Banker,{{cn|date=May 2023}} a leading financial magazine, and has also been recognized by various organizations for its contribution to the economy and society.
==Correspondent Network==
==Correspondent Network==
The bank has been maintaining correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross-border services. Through these correspondent, the bank is able to provide services in any major currencies in the world.
The bank has been maintaining correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross-border services. Through these correspondent, the bank is able to provide services in any major currencies in the world.

== SBL Remit ==
SBL Remit is also a popular remittance company in Nepal. SBL Remit is a product of Siddhartha Bank Limited (SBL), one of the commercial banks in Nepal. It offers various remittance services to its customers, including online remittance, bank deposit, and cash pickup. SBL Remit has tie-ups with various banks and financial institutions in Nepal and has a presence in countries such as the United States, Australia, the United Kingdom, and the Gulf countries.

==Ownership structure==
The Bank currently has a paid-up capital of Nepalese [[Rupees]] 14.09 Billion (as of FY 2023/24) <ref>{{cite web |title=Company ownership|url=https://nepalstock.com.np/company/detail/145|website=Nepalstock }}</ref>

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

==Subsidiaries==

The bank's subsidiaries are as follows:
* '''Siddhartha Capital Limited'''.<ref>{{cite web|url=https://www.https/|title=Home|website=www.siddharthacapital.com/|access-date=2024-07-18|archive-date=2013-08-19|archive-url=https://web.archive.org/web/20130819141428/http://https/|url-status=dead}}</ref>


==See also==
==See also==
{{Portal|Banks}}
* [[List of banks in Nepal]]
* [[List of banks in Nepal]]
* [[Commercial Banks of Nepal]]
* [[Commercial Banks of Nepal]]

Latest revision as of 04:13, 26 December 2024

Siddhartha Bank Limited
सिद्धार्थ बैंक
Company typePublic
NEPSE: 145
IndustryBanking
Founded2002
HeadquartersNaxal, Kathmandu
Number of locations
197 Branches
Area served
Nepal
Key people
Mr. Manoj Kumar Kedia (chairman)
Mr. Sundar Prasad Kadel (CEO) [1]
ProductsLoans, Credit cards, Savings, Investment, Merchant banking
Increase रू301 crore (US$22 million)[2] (2023)
Number of employees
2000+
Websitewww.siddharthabank.com

Siddhartha Bank Limited (SBL) is one of the largest private Commercial Bank in Nepal which is 18th commercial bank to be licensed by Nepal Rastra Bank. It started operation in Dec 2002. [3] and has 196 branches and 226 ATMs all across the nation with its head office in Kathmandu which provides entire commercial banking services and remittance services. [4]

Siddhartha bank is also official title sponsor of the (NPL) Nepal Premier League for a five-year period starting in 2023. [5]

The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. [6]

Siddhartha Bank Limited has received several awards and recognitions for its performance and contribution to the banking industry in Nepal.[citation needed] It has been awarded as the 'Bank of the Year' by The Banker,[citation needed] a leading financial magazine, and has also been recognized by various organizations for its contribution to the economy and society.

Correspondent Network

[edit]

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

SBL Remit

[edit]

SBL Remit is also a popular remittance company in Nepal. SBL Remit is a product of Siddhartha Bank Limited (SBL), one of the commercial banks in Nepal. It offers various remittance services to its customers, including online remittance, bank deposit, and cash pickup. SBL Remit has tie-ups with various banks and financial institutions in Nepal and has a presence in countries such as the United States, Australia, the United Kingdom, and the Gulf countries.

Ownership structure

[edit]

The Bank currently has a paid-up capital of Nepalese Rupees 14.09 Billion (as of FY 2023/24) [7]

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

Subsidiaries

[edit]

The bank's subsidiaries are as follows:

  • Siddhartha Capital Limited.[8]

See also

[edit]

References

[edit]
  1. ^ "Sundar kandel appointed as CEO of siddhartha Bank". www.investopaper.com. 21 December 2021.
  2. ^ "Siddhartha Bank Limited has posted a net profit of Rs 3.01". 5 August 2024.
  3. ^ SBL rating by ICRA Nepal (PDF). Icranepal (Report). Retrieved 2022-12-11.
  4. ^ "Service Networks of Siddhartha Bank". Siddhartha Bank. Retrieved 2022-12-11.
  5. ^ "Siddhartha Bank named title sponsor of Nepal Premier League". kathmandupost.com/. Retrieved 2024-12-26.
  6. ^ "Nepalstock". Nepalstock. Retrieved 2022-12-11.
  7. ^ "Company ownership". Nepalstock.
  8. ^ "Home". www.siddharthacapital.com/. Archived from the original on 2013-08-19. Retrieved 2024-07-18.
[edit]
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Siddhartha_Bank&oldid=1265282636"