Annual Report 2008-2009
C o n t e n t s
Vision Mission Statement About Us Strategic Objectives Core values and Ethical Principles Chairman's Statement Financial Highlights Shareholder information Last 7 years at a Glance Management review and discussion Corporate Governance Risk Management Board of directors Senior Management Team Management Team domestic network Global network Board of directors report Corporate Social responsibility Financial Statements Principal accounting Policies notes to account 4 4 4 5 5 6 10 10 11 14 18 20 24 30 31 36 38 39 48 53 85 86
Nepal Investment Bank Limited
To be the most preferred provider of Financial Services in Nepal
Nepal Investment Bank Ltd. (NIBL), previously Nepal Indosuez Bank Ltd., was established in 1986 as a joint venture between Nepali and French partners. The French partner (holding 50%) of the capital) was Credit Agricole Indosuez, a subsidiary of one of the largest banking groups in the world. When Credit Agricole Indosuez decided to divest, a group of companies comprising of bankers, professionals, industrialists and businessmen acquired 50% of the holdings of Credit Agricole Indosuez in Nepal Indosuez Bank in April 2002. The name of the Bank was changed to Nepal Investment Bank Ltd. upon approval of the Bank’s Annual General Meeting, Nepal Rastra Bank and Company Registrar’s Office. The shareholding structure comprises of: • • • • A group of companies holding 50% of the Capital. Rastriya Banijya Bank holding 15% of the Capital. Rastriya Beema Sansthan holding 15% of the Capital. The general public holding 20% of the Capital.
We aspire to be the leading Nepali bank, delivering world class service through a blend of state-ofthe-art technology and visionary management in partnership with competent and committed staff, to achieve sound financial health with sustainable value addition to... [continues]
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