Muktinath Bikas Bank

What Muktinath Bikas Bank does

Muktinath Bikas Bank Limited is a Nepal-based National Level Development Bank licensed and regulated by Nepal Rastra Bank, founded on January 3, 2007 in Putalibazar, Syangja and now headquartered in Lazimpat, Kathmandu. The bank operates a 177-branch nationwide retail and inclusive banking franchise serving 1,400,000+ customers with a workforce of 1,500+, offering a full suite of deposit products (multiple savings variants including women, farmer, child-education, premium and normal accounts), fixed deposits, eight loan categories (housing, auto, agriculture, personal, business/industrial, share, hire purchase, real estate), external remittance, and forex services.

Its technology stack is anchored on the Muktinath Faida App (mobile banking on iOS/Android), an internet banking platform, a VISA-branded debit/ecommerce/instant card suite, QR merchant payment acceptance, E-KYC for digital onboarding, and C-ASBA for IPO applications — collectively supporting a hybrid physical-branch plus self-serve digital GTM motion. The bank's business model is a classic spread-based deposit-to-lender model (NIM on the NPR 131-136 billion balance sheet), supplemented by transaction fees (remittance, card, digital), and professional-services income from its wholly-owned subsidiary Muktinath Capital Limited (merchant banking, underwriting, depository, portfolio management) and jointly-controlled associate Muktinath Krishi Company Limited (agriculture). Customer acquisition combines sales-led branch distribution in rural/unbanked areas, a product-led growth digital channel, and channel-partner expansion via development-finance alliances with IFAD, KfW, SNV, iDE Nepal, Mott MacDonald, OeEB and others.

Muktinath operates as a privately held company with 51% promoter / 49% public capital structure, NPR 10 billion authorized and NPR 8 billion paid-up capital. It is the first development bank in Nepal to surpass NPR 1 billion in annual profit (2021) and was ranked No.1 Development Bank of Nepal in 2018, with international recognition including the European Microfinance Award 2020.

Name

Muktinath Bikas Bank

Legal name

Muktinath Bikas Bank Limited

Website

https://muktinathbank.com.np

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Muktinath Bikas Bank is a Nepal-based National Level Development Bank serving 1.4 million+ customers through 177 branches, offering deposits, loans, digital banking, and remittance with a focus on financial inclusion in rural and unbanked areas.

Ownership category

akta.pro rank

Product category

Development Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Development banking services
• Retail banking products
• Agriculture and MSME lending
• Inclusive microfinance banking
• Digital mobile banking

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest on loans including housing loans, auto loans, agriculture loans, business loans, personal loans, hire purchase loans, and real estate loans
2. Deposit Mobilization: Retail deposits including savings accounts, fixed deposits, and premium savings products that form the funding base for lending operations
3. Remittance Services: External remittance services facilitating cross-border money transfers for Nepali diaspora and their families domestically
4. Digital Banking Services: Fee income from debit cards, digital transactions, and other electronic banking services
5. Merchant Banking (Subsidiary): Investment/merchant banking services through subsidiary Muktinath Capital Limited including issue management, underwriting, registrar to share, depository participant, and portfolio management

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

Muktinath Bikas Bank is a National Level Development Bank in Nepal that offers a comprehensive suite of deposit products, lending facilities, digital banking services, and remittance/forex solutions to individual and business customers. The bank operates 177 branches serving 1.4 million+ customers with strong focus on financial inclusion for rural, unbanked, MSME, and agriculture segments. Its offerings span savings accounts, fixed deposits, premium savings, housing/auto/personal/business/agriculture loans, mobile and internet banking, VISA debit cards, QR merchant payments, external remittance, and merchant banking via subsidiary.

Product overview

Muktinath Bikas Bank is a leading development bank in Nepal offering a comprehensive suite of banking products and services. The bank operates a multi-channel distribution model consisting of 177 branch outlets serving over 1.4 million customers. Its product portfolio spans deposit products (savings accounts including Muktinath Krishak Bachat Khata, Sunaulo Bal Shikshya Bachat Khata, Mahila Pewa Bachat Khata, Sajilo Bachat Khata, and premium savings options like Muktinath Sarvotkrishta Bachat Khata; plus Fixed Deposit Product), loan products (Business/Industrial Loan, Personal Loan, Agriculture Loan, Housing Loan, Auto Loan, Share Loan, Hire Purchase Loan, Real Estate Loan), and digital banking services including Muktinath Faida App mobile banking, Internet Banking, VISA Debit Card, Ecommerce Card, QR Merchant Payment, Instant Card, and online account opening/loan application services. The bank also provides remittance services and forex exchange. The bank operates subsidiary Muktinath Capital Limited (merchant banking) and associate company Muktinath Krishi Company Limited (agriculture sector).

Differentiator

Problem solved

Functional benefit

Products and services

• Muktinath Faida App (Mobile Banking) Mobile banking application enabling customers to perform financial transactions, account management, and access banking services from mobile devices, available on Apple App Store and Google Play Store.
• Muktinath VISA Debit Card VISA-branded debit card for ATM withdrawals, POS transactions, and online payments, accepted internationally via the VISA network.
• Internet Banking Online banking platform for account access, fund transfers, and transaction management via web browser, accessible at ebanking.muktinathbank.com.np.
• QR Merchant Payment QR code-based payment solution for merchants to accept digital payments from customers via mobile banking.
• Ecommerce Card Card designed for online shopping and ecommerce transactions, providing a secure payment instrument for internet purchases.
• Instant Card Immediately issued debit card available for instant account activation.
• Normal Saving Account Standard savings account for general banking needs of individual customers.
• Muktinath Krishak Bachat Khata Savings account designed for farmers with agricultural banking needs, offering tailored benefits for the farming community.
• Muktinath Pocket Money Bachat Khata Savings account for managing pocket money with flexible withdrawal options, typically targeted at younger customers and students.
• Muktinath Sambriddhi Remit IPO Bachat Khata Combined savings account catering to remittance receipt and IPO application purposes via C-ASBA.
• Mahila Pewa Bachat Khata Savings account designed for women with special benefits and features to promote women's financial inclusion.
• Sunaulo Bal Shikshya Bachat Khata Child education savings account designed to fund children's educational expenses with structured savings features.
• Sajilo Bachat Khata Easy savings account with simplified banking procedures for ease of use.
• Muktinath Sarvotkrishta Bachat Khata Premium savings account offering enhanced benefits and higher returns for affluent retail customers.
• Fixed Deposit Product Fixed deposit account with guaranteed returns for a specified tenure at published interest rates.
• Business/Industrial Loan Loan facility for business operations and industrial development provided to MSME and commercial enterprise customers.
• Personal Loan Loan for personal financial needs including home improvements, emergencies, and other personal expenses.
• Agriculture Loan Loan product supporting farmers and agricultural activities, including partnerships for climate-smart agriculture financing.
• Housing Loan Loan for residential property purchase, construction, and renovation provided to retail customers.
• Auto Loan Loan for purchasing vehicles including cars and two-wheelers for personal use.
• Share Loan Loan against share collateral for investment purposes, allowing customers to borrow against listed securities.
• Hire Purchase Loan Loan for asset acquisition under hire purchase arrangements.
• Real Estate Loan Loan for real estate development and property investment.
• External Remittance International money transfer service for receiving funds from abroad, supporting Nepali diaspora and domestic beneficiaries.
• Online Account Opening Digital platform for opening new bank accounts remotely, including E-KYC verification.
• Online Loan Application Digital platform for applying for loans online through the bank's portal.
• Online Fixed Deposit Digital platform for opening fixed deposits online.
• C-ASBA Computerized Application Supported by Blocked Amount (C-ASBA) system allowing customers to apply for IPOs via blocked funds.
• Forex Services Foreign currency exchange services for various currencies, supporting remittance and travel needs.
• Muktinath Capital Limited (Merchant Banking) Wholly-owned subsidiary merchant bank providing issue management, underwriting, registrar to share, depository participant, and portfolio management services.

Quantifiable outcome

• No.1 Development Bank of Nepal ranking in 2018
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Muktinath Krishi Company LimitedcoreOthers · 1 January 2018Promoted company of Muktinath Bikas Bank established in 2018 with authorized capital of NPR 1 billion and paid-up capital of NPR 400 million. First public agriculture company of Nepal focused on agriculture and farming with latest agro technologies.
• Muktinath Capital LimitedcoreOthers · 1 January 2010Subsidiary company of Muktinath Bikas Bank, established in 2010, registered with Office of Company Registrar and licensed merchant banker from Securities Board of Nepal. Provides merchant banking services including issue management, underwriting, registrar to share, depository participant, and portfolio management.
• LI-BIRD (Local Initiatives for Biodiversity, Research and Development)minorStrategic or Co-development PartnerImplementing partner for Multi Stakeholder Forestry Programme (MSFP) establishing Value Chain Development Fund to provide access to finance for forestry-based entrepreneurs.
• International Fund for Rural Development (IFAD)minorStrategic or Co-development PartnerPartner for Regional Programme on Remittances and Diaspora Investment for Rural Development developing financial products for migrants and their families.
• iDE NepalminorStrategic or Co-development PartnerLong-term partner for agricultural financing including Climate Smart Finance, INNOVATE project, Non-Traditional Financial Services Project, and CSISA Nepal Covid-19 Response.
• Mott MacDonald LimitedminorStrategic or Co-development PartnerImplementing partner for UKAID-supported Post-Earthquake Recovery Project (Purnima) focusing on SME financing in construction sector in Dhading, Gorkha, Nuwakot districts.
• Avsar FoundationminorStrategic or Co-development PartnerPartner for Avsar Microfinance Loan program targeting low-income deprived populations in Taplejung, Dolakha, Siraha, Nawalparasi, Kapilvastu, and Kailali districts.
• SNVminorStrategic or Co-development PartnerPartner for Wholesale Rural Coop Lending project focusing on climate resilience of smallholder farmers in Gandaki Province.
• SwisscontactminorStrategic or Co-development PartnerPartner for Sahaj-Nepal Agriculture Market Development Programme (NAMDP) Phase II strengthening bank's capacity to finance agri-SMEs in Province 1.
• Frankfurt School of Finance & ManagementminorStrategic or Co-development PartnerTechnical partner for Climate Smart Finance project developing improving agriculture loan products.
• Habitat For Humanity InternationalminorStrategic or Co-development PartnerPartner for Aarthapurna Jeewanka Lagee Aawas campaign creating awareness and boosting low-cost housing loan product.
• Mennonite Economic Development Associates (MEDA)minorStrategic or Co-development PartnerPartner for INNOVATE and NTFS projects supporting agricultural innovations through non-traditional financial services.
• HEDERA Sustainable Solutions GmbHminorStrategic or Co-development PartnerPartner for HEDRA project conducting research using IMPACT-R framework for energy access, WASH, and food security assessments.
• University of Padova (Human Rights Center)minorStrategic or Co-development PartnerPartner for scientific research and educational activities in human rights and local development under UN 2030 Agenda for Sustainable Development.
• Youth and Small Entrepreneur Self-Employment Fund (YSEF)minorStrategic or Co-development PartnerRefinancing partner targeting individuals/entrepreneurs in agriculture, livestock, and small-medium enterprises in Gandaki province.
• NIBL Sahabhagita FundminorOthersAssociate partner for mutual fund investments through NIBL Capital.
• Muktinath Remit AustraliaminorOthersAssociate partner for international remittance services to/from Australia.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Nabil Bank: Nabil Bank is one of Nepal's largest commercial banks, offering full-service retail, SME, and corporate banking with nationwide branches. It is a broader incumbent that overlaps with Muktinath's deposit and loan products but at significantly larger scale and with fewer constraints on product mix.
• NIC Asia Bank: NIC Asia Bank is a leading Nepali commercial bank with extensive branch network and full retail/SME/corporate offerings. It competes directly with Muktinath for MSME and retail customers but operates with full commercial bank licensing and larger balance sheet.
• NMB Bank (Nepal Mega Bank): NMB Bank is a national commercial bank in Nepal offering retail, SME, and digital banking services. It is comparable to Muktinath as a full-service Nepali bank serving similar customer segments, with stronger commercial bank product flexibility.

Direct peers

• Kumari Bank: Kumari Bank is a Nepali commercial bank offering similar retail, SME, and digital banking products with nationwide branch presence. It is a directly comparable mid-size Nepali bank competing for the same customers and segments as Muktinath.
• Laxmi Bank: Laxmi Bank is a Nepali commercial bank with retail, corporate, SME, and remittance services. It is a direct comparable in product offering and customer segments to Muktinath within the Nepali banking market.
• Citizens Bank International: Citizens Bank International is a Nepali commercial bank offering retail deposits, SME loans, and digital banking. It is a direct peer in the same Nepali mid-tier banking space with overlapping product suite and target segments.
• Sunrise Bank: Sunrise Bank is a Nepali commercial bank with nationwide branches, digital banking, and MSME/retail lending focus. Comparable in scale, product mix, and target customers to Muktinath Bikas Bank.
• Prabhu Bank: Prabhu Bank is a Nepali commercial bank with comparable focus on retail, MSME, and remittance customers, including digital banking products. It directly competes with Muktinath in the same mid-tier Nepali bank segment for deposit and loan share.
• Sanima Bank: Sanima Bank is a Nepali commercial bank with retail, SME, and remittance focus, plus digital banking channels. It competes head-to-head with Muktinath for the same customer base of urban retail and MSME borrowers in Nepal.
• Machhapuchchhre Bank: Machhapuchchhre Bank is a Nepali commercial bank offering retail, SME, and digital banking services with regional concentration. It is a direct mid-size Nepali banking peer with similar product portfolio and customer focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/muktinathbank
• YouTubeyoutube.com/channel/UC5YuxklC2WkRkGikq3qA5jg
• Facebookfacebook.com/muktinathbankltd
• LinkedInlinkedin.com/company/muktinath-bikas-bank-ltd
• Instagraminstagram.com/muktinathbikasbank/?hl=en
• TikToktiktok.com/@muktinathbikasbank.ltd?lang=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Muktinath Bikas Bank