Nepal Credit and Commerce Bank Limited
Initially registered as Nepal – Bank of Ceylon Limited (NBOC), Nepal Credit and Commerce Bank Limited (NCC Bank) was established on 14 October, 1996 as a joint venture with Bank of Ceylon, Sri Lanka. The first private sector Bank with the largest authorized capital of Rs 1,000 million, the bank changed its name to Nepal Credit and Commerce Bank Limited on 10th September, 2002.
The Head Office of the Bank is located at Bagbazar, Kathmandu. The name of the bank was changed due to the transfer of shares and management of the Bank from Bank of Ceylon, an undertaking of Government of Sri Lanka to the group of Nepalese promoters. The bank through its 122 branches, at present, provides banking facilities and services to rural and urban areas of the country and has also developed corresponding agency relationship with more than 150 international banks with worldwide network.
The authorized capital of the bank is Rs 10 billion, the issued capital is Rs 8.1338 billion and the paid-up capital is Rs 8.1338 billion. The bank uses Pumori Plus software for its operation and offers Any Branch Banking Service (ABBS) in all of its twenty two branches. The bank has also arranged for Debit Card facilities under SCT Network jointly in consortium with forty other member Banks to facilitate customers to withdraw cash from any ATM terminals located at different parts of the country and to purchase goods from more than 743 shopping complexes and departmental stores under POS arrangement.
The bank has developed alliance with ICICI Bank to facilitate its customers to remit their money to more than 670 locations of India through ICICI Bank branches and their correspondent banks in India. Also the customers can transfer money to India through Speed Arrangement or through Demand Draft Arrangement. It is also connected to other parts of the world through numerous banks in Asia, Europe and North America.
Nepal Credit and Commerce Bank Limited aims to provide a wide range of banking services and products in the emerging socio-economic environment within and outside the country maintaining high standards of integrity and efficiency with excellence. The bank has twenty two branches within and outside the Kathmandu Valley.
The bank entered into a historic merger with four Development Banks – Infrastructure Development Bank Ltd., Apex Development Bank Ltd., Supreme Development Bank Ltd. and International Development Bank Ltd. in 2017.
For further details, contact:
Bagbazar, Kathmandu – HO