Himalayan Bank Limited

Himalayan Bank Limited Analysis

Company Overview: Himalayan Bank Limited was founded in 1993 in Nepal in joint venture with Habib Bank Limited of Pakistan. The bank has maintained a lead in the Nepalese banking sector, particularly in loans and deposits, despite tough competition.

Mission and Innovations: The bank's mission is to become the preferred provider of quality financial services in the country. Himalayan Bank has introduced innovative financial products and services such as Premium Savings Account, HBL Proprietary Card, and Millionaire Deposit Scheme, setting the benchmark for the industry in Nepal.

Leading Position: With the highest deposit base and loan portfolio among private sector banks in Nepal, the bank also extends guarantees to correspondent banks covering exposure of other local banks under its credit standing with foreign correspondent banks, solidifying its leading position in the market.

Recognition and Ratings: Himalayan Bank has earned country's number 1 Bank rating from Bankers’ Almanac, solidifying its claim to leadership in the banking sector of Nepal.

Future Prospects: The company's innovative approach to customer service and merchandising, coupled with its leading position and accolades, make it an attractive prospect for potential investors looking to tap into the growing financial services industry in Nepal.