Everest Bank
Everest Bank Limited is a Nepalese commercial bank, 20%-owned by India's Punjab National Bank, operating 133+ branches across all seven provinces to provide deposits, loans, cards, remittance, capital market, and digital banking services to retail, SME, corporate, agriculture, and remittance customers.
- Company typePrivate
- Founded2002
- HeadquartersKathmandu, Nepal
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Everest Bank does
Everest Bank Limited is a privately held Nepalese commercial bank headquartered at Lazimpat, Kathmandu, established in 2002 as a joint venture with Punjab National Bank (PNB), India's largest nationalized bank, which holds a 20% equity stake. The bank operates 133+ branches across all seven provinces of Nepal, complemented by ATMs, four extension counters (including government salary disbursement in Singhadurbar and Indian Army pension offices in Pokhara and Dharan), branchless tab banking, and a representative office in New Delhi. Its service portfolio spans deposit products (savings, fixed, recurring, current, call, FCY), loans (housing, vehicle, education, professional, SME, corporate, agriculture, deprived sector, and loan-against-FD), card services (Visa credit, debit, prepaid travel/e-commerce), remittance (inward, outward, Indo-Nepal via PNB), capital market services (ASBA/C-ASBA, DP/Demat, shares), government tax collection, and auxiliary services (lockers, E-statements, missed-call alerts).
The bank operates a multi-channel technology platform built around the EBL Touch 24 mobile banking app (Android, iOS, Huawei), retail and corporate internet banking, a QR code payment service with merchant soundbox, a digital lending product (E-Paicho Foneloan), an E-Commerce 3D Secure service in partnership with Visa, and SWIFT-based cross-border messaging. Compliance infrastructure is anchored by KYC/AML/CFT, USA PATRIOT Act, GDPR, and W-8BEN-E programs for correspondent banking.
Revenue is generated primarily through net interest income from loans priced at 7.49%–10% (fixed) or BR + 1.00–4.00% (floating) plus deposit interest expense at 2.75%–4.05%; supplementary fee income arises from transaction charges, ATM fees, remittance margins, forex spreads, card merchant discount rates, locker rentals, and capital market service fees. The customer base is segmented horizontally across retail, SME, corporate, agriculture, deprived sector, and remittance customers, with a 31st AGM held in 2026 indicating mature governance and steady-state operations.
Everest Bank firmographics
Firmographics- Name
- Everest Bank
- Legal name
- Everest Bank Limited
- Website
- https://everestbankltd.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Everest Bank Limited is a Nepalese commercial bank, 20%-owned by India's Punjab National Bank, operating 133+ branches across all seven provinces to provide deposits, loans, cards, remittance, capital market, and digital banking services to retail, SME, corporate, agriculture, and remittance customers.
- Ownership category
- akta.pro rank
Everest Bank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
- akta.pro secondary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Everest Bank is headquartered
LocationHeadquarters
- HQ city
- Kathmandu
- HQ country
- Nepal
- HQ region
- Asia
Offices6 records
Markets served
Everest Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Loans: Core banking revenue from lending activities including housing loans, vehicle loans, SME loans, corporate loans, and agriculture loans. Interest rates range from 7.49% fixed for housing/vehicle loans to 10% for professional loans, with floating rates based on Base Rate + spread
- Deposit Interest: Interest earned on customer deposits including savings accounts, fixed deposits, recurring deposits, and call deposits. Savings rates range from 2.76% to 3.76% depending on account type
- Fee-based Services: Transaction fees, service charges, ATM fees, forex exchange margins, remittance fees, locker rental, and capital market services (ASBA, Demat)
- Remittance Services: Inward and outward remittance services including Indo-Nepal remittance partnership with PNB, serving Nepalese diaspora globally
- Card Services: Credit card, debit card issuance and associated fees, merchant discount rates from POS transactions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Housing and Vehicle Loans |
| Subscription | Monthly | Education and Professional Loans |
| Subscription | Monthly | SME Term Loans |
| Subscription | Monthly | Corporate Loans |
| Subscription | Monthly | NPR Savings Accounts |
| Subscription | Annual | NPR Fixed Deposits |
| Subscription | Monthly | FCY Deposits |
| Other | Pay-as-you-go | Transaction Limits |
Go-to-market motion1 record
Distribution channels8 records
Marketing channels6 records
Everest Bank product offering
Product offeringCore offering
Everest Bank Limited is a Nepal-based commercial bank that delivers deposit products (savings, fixed, recurring, current, call and foreign currency accounts), loan products (retail, SME, corporate, agriculture, deprived sector, and loan against fixed deposit), card services (credit, debit, prepaid travel and prepaid e-commerce cards), remittance services (inward, outward and Indo-Nepal), capital market services (shares, ASBA/C-ASBA, depository participant), branchless banking, locker facilities and government tax collection services, supported by digital channels including mobile banking (EBL Touch 24), internet banking and QR payments.
Product overview
Everest Bank offers a comprehensive commercial banking platform with diverse financial products across multiple channels. The core offering includes various deposit accounts (Savings, FCY, Fixed, Recurring, Current, Call), loan products (SME, Retail including Home/Vehicle loans, Corporate, Agriculture, Deprived Sector), and card services (Credit, Debit, Prepaid Travel/E-Commerce). Digital banking services encompass Retail/Corporate Internet Banking, M-Banking (EBL Touch 24 app), Virtual Credit Card, and QR payment solutions. Remittance services include inward, Indo-Nepal cross-border (via PNB partnership), and outward transfers. Capital market services feature ASBA/C-ASBA for IPO applications, Shares trading, and DP services. Branchless banking through Integrated Tab Banking serves underserved areas. The bank operates 133 branches across Nepal's 7 provinces, supported by extensive ATM networks and digital payment infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- EBL Touch 24: Mobile banking application for retail customers enabling account access, transactions, and recharges
- EBL Virtual Credit Card
- E-Paicho Foneloan
- Corporate Pay
- Pratibimba
Products and services
- Savings Account
Quantifiable outcome
- 23 years of continuous banking operations
- +1 more outcomes
Companies that use Everest Bank
Customer profileSegments6 records
Ideal customer profiles5 records
Everest Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
Everest Bank partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- VisacorePartnership with Visa for credit and debit card services including 3D Secure (Verified by Visa) for secure online transactions, and Visa's contactless payment infrastructure.
- Himalaya Nirman Mart Pvt Ltd (Daisuke Outlet)minorMOU signed for promotional partnerships and merchant acceptance as indicated in press releases.
- Chino HydropowerminorFinancial management agreement for hydropower project financing as indicated in press releases.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Everest Bank competitors and assessment
Company assessmentDirect peers
- Nabil Bank: One of Nepal's largest private commercial banks offering retail, SME, and corporate banking, digital channels, and remittance. Direct competitor for deposits, loans, and cross-border remittance market share in Nepal.
- Citizens Bank International: Nepalese commercial bank with nationwide branch presence, retail and SME lending, and digital banking. Comparable mid-tier competitor for retail deposits and loan market share.
- Prime Commercial Bank: Nepalese commercial bank offering full retail/SME/corporate banking, digital services, and remittance. Comparable size, branch network, and product mix in the domestic market.
- Nepal SBI Bank: Nepalese bank majority-owned by State Bank of India, offering retail, SME, and corporate banking plus cross-border remittance. Highly comparable given the foreign state-bank JV structure mirroring Everest Bank's PNB partnership.
- NIC Asia Bank: Major private commercial bank in Nepal with broad branch network, digital banking, and diversified lending portfolio. Competes head-to-head for retail deposits, SME loans, and remittance flows.
- Nepal Investment Mega Bank Limited: Large private commercial bank formed from a merger, offering full-service banking including retail, SME, corporate, treasury, and remittance. Comparable on product breadth and digital banking investment.
- Himalayan Bank: Nepalese commercial bank with a foreign JV partner (Habib Bank of Pakistan), offering retail/SME/corporate banking, cards, and remittance. Closely comparable in scale, structure, and Indo-foreign partnership model.
- Siddhartha Bank: Nepalese commercial bank of similar mid-tier scale, offering retail/SME/corporate loans, deposits, digital channels, and card services. Directly comparable on branch footprint and customer segments.
Broad incumbents
- Standard Chartered Bank Nepal: International bank operating in Nepal with retail and corporate banking, trade finance, and remittance. Comparable cross-border capabilities but broader global parent and focus on premium/transaction banking segments.
- Punjab National Bank: India's largest nationalized bank and Everest Bank's 20% strategic shareholder. Not a direct competitor but the primary correspondent and partner for Indo-Nepal remittance and product capability transfer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Everest Bank social profiles
Digital presenceEverest Bank compliance and trust
Trust signalCompliance4 records
Everest Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Everest Bank leadership team
Management profileNumber of profiles
Everest Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Everest Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Everest Bank
What does Everest Bank do?
Everest Bank Limited is a Nepal-based commercial bank that delivers deposit products (savings, fixed, recurring, current, call and foreign currency accounts), loan products (retail, SME, corporate, agriculture, deprived sector, and loan against fixed deposit), card services (credit, debit, prepaid travel and prepaid e-commerce cards), remittance services (inward, outward and Indo-Nepal), capital market services (shares, ASBA/C-ASBA, depository participant), branchless banking, locker facilities and government tax collection services, supported by digital channels including mobile banking (EBL Touch 24), internet banking and QR payments.
Is Everest Bank a public or private company?
Everest Bank is a private company. It is classified as corporate owned and is currently operating.
When was Everest Bank founded?
Everest Bank was founded in 2002. It employs 501 to 1,000 people.
Where is Everest Bank based?
Everest Bank is headquartered in Kathmandu, Nepal, in the Asia region.
How does Everest Bank make money?
Five revenue lines are on record. Interest Income from Loans are the primary driver. The others are deposit Interest, fee-based Services, remittance Services and card Services.
Who are Everest Bank's main competitors?
Direct peers on record are Nabil Bank, Citizens Bank International, Prime Commercial Bank, Nepal SBI Bank, NIC Asia Bank, Nepal Investment Mega Bank Limited, Himalayan Bank and Siddhartha Bank. Broad incumbents are Standard Chartered Bank Nepal and Punjab National Bank.
Does Everest Bank have an API?
No public API is recorded for Everest Bank.
What industry is Everest Bank in?
Everest Bank's product category is Commercial Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 5221 and its SIC code is 6022.