Everest Bank

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.

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

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

• Commercial banking
• Retail banking
• SME lending
• Remittance services
• Digital banking

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. 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
2. 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
3. Fee-based Services: Transaction fees, service charges, ATM fees, forex exchange margins, remittance fees, locker rental, and capital market services (ASBA, Demat)
4. Remittance Services: Inward and outward remittance services including Indo-Nepal remittance partnership with PNB, serving Nepalese diaspora globally
5. Card Services: Credit card, debit card issuance and associated fees, merchant discount rates from POS transactions

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels6 records

Core 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

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• VisacoreTechnology or IntegrationPartnership 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)minorGTM or Marketing PartnerMOU signed for promotional partnerships and merchant acceptance as indicated in press releases.
• Chino HydropowerminorStrategic or Co-development PartnerFinancial management agreement for hydropower project financing as indicated in press releases.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct 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

• Xx.com/Everest_Bank
• YouTubeyoutube.com/c/EverestBankOfficial
• Facebookfacebook.com/everestbankltd
• LinkedInlinkedin.com/company/everest-bank
• Instagraminstagram.com/everestbank
• TikToktiktok.com/@everestbank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

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 Everest Bank