Royal Merchant Banking and Finance Limited
Update: The company was acquired by ‘Apex Development Bank Limited’ in 2013.
Promoted by leading industrial business houses and bankers of Nepal, Royal Merchant Banking and Finance Limited started its financial transaction since February 15, 2002. The company was established under the Bank and Financial Institution Act 2063 and is licensed by Nepal Rastra Bank as a ‘C’ class financial institution. The company was established with authorized capital of NRs 640 million, issued capital of NRs 300 million and paid up capital of NRs 299 million.
The company has considered it its mission to deliver an effective and efficient banking and financial service that matches customer expectation by providing prompt and efficient services for better financing and dedicating itself to the progress and growth of the company for its customer, shareholders, employees and community by offering personalized service and quality products, enchaining shareholder value, providing challenging career and learning opportunities for employees and promoting economic growth.
The company aspires to become one of the best finance companies of the country by providing quality services to its valued customers and clients and satisfying their needs and requirements along with giving benefits to the shareholders. To meet its mission and objective, Royal Merchant Banking and Finance Limited has come up with various schemes and offers such as Time Deposit Account ranging from three months to six years, Saving, Special and Royal Saving Deposit, Recurring Deposit, Daily Compounded Scheme and Royal Child Saving under its deposit and saving schemes and Medium and Long term (Industrial loan, Trading loan, etc.), Hire Purchase Loan, Housing Loan and Loan against securities and Fixed Deposit under its loans and advance schemes. The new loan schemes of the company include Royal Home Loan, Royal Education Loan and Royal Foreign Employment Loan. The company also provides Indian Currency Exchange, Remittance, Money Transfer, Bank Guarantees, Underwriting, Merchant Banking and Purchase and Sale of Government Securities as its other services and facilities. The company has two branch offices, one each at Lokanthali – Bhaktapur and Kamalnagar Chowk – Narayangarh.
The company was acquired by Apex Development Bank Limited in 2013.