Mega Bank Nepal Limited

Mega Bank Nepal Limited was an A-class commercial bank licensed by Nepal Rastra Bank, Nepal's central bank. Based in Kathmandu, the institution provided a broad range of commercial banking services to customers across Nepal. Its operations included conventional branch banking as well as alternative distribution channels intended to extend financial services beyond standard branches. Before its merger, Mega Bank maintained a nationwide physical presence comprising 208 branches, 25 extension counters and 146 automated teller machines. It also operated 60 branchless banking centers and worked with more than 2,300 remittance agents. This network supported deposits, withdrawals, payments, remittance-related services and other ordinary commercial-banking activities, although the available reference material does not provide a detailed product catalogue or breakdown of revenue by business line. The bank was publicly traded on the Nepal Stock Exchange under the symbol MEGA and was classified as an A-category listed company. Its public-market identity made it part of Nepal's formal commercial-banking sector and connected the institution to the country's regulated banking and capital-market systems. Mega Bank Nepal ultimately ceased operating as a standalone bank after combining with Nepal Investment Bank. The merger created Nepal Investment Mega Bank, which began joint operations on January 11, 2023. As a result, Mega Bank Nepal is best understood today as a former banking brand and corporate entity whose branch network, customer relationships and banking activities were incorporated into the successor institution. The available reference material does not establish a separate current operating status for the old Mega Bank brand, nor does it identify a founder, ownership structure, detailed financial history or named executives.

Mega Bank Nepal Limited operated as an A-class commercial bank in Nepal under a license issued by Nepal Rastra Bank. Its head office was in Kathmandu, and its business scope covered general commercial banking rather than a narrowly specialized financial service. The reference material identifies the bank as serving customers throughout Nepal, but does not provide a sufficiently detailed account of its original incorporation, founding shareholders, first branch, initial capitalization or early management. The institution developed a distribution model combining traditional branches with alternative channels. Before its merger, the network included 208 branches, 25 extension counters and 146 ATMs. The bank also had 60 branchless banking centers and more than 2,300 remittance agents. This combination allowed it to serve customers through full-service locations, smaller extension points, self-service machines and agent-based channels. The scale of the network indicates a nationwide operating footprint, although the available material does not specify the geographic allocation of branches or the individual services offered through each channel. Mega Bank Nepal was also part of Nepal's public capital market. Its shares traded on the Nepal Stock Exchange as an A-category company under the ticker MEGA. This listed status distinguished it from privately held financial institutions and made the bank subject to the disclosure and regulatory framework applicable to listed Nepalese commercial banks. No reliable financial figures, share-price history or dated ownership information are provided in the supplied material, so those aspects are not included here. The decisive later development in the bank's history was its merger with Nepal Investment Bank. The combined institution was named Nepal Investment Mega Bank, and it began joint operations on January 11, 2023. The merger brought Mega Bank Nepal's standalone corporate and brand history to an end. Its former branch, ATM, branchless-banking and remittance infrastructure formed part of the operational context of the successor bank, but the available source does not provide a post-merger allocation of assets, personnel, branches or customers. Mega Bank Nepal is therefore a historical banking brand rather than an active standalone institution. Its significance rests on its role in Nepal's regulated commercial-banking sector, its publicly traded identity under MEGA and its sizeable nationwide distribution network prior to the 2023 combination.

• 2023

  Joint operations begin under Nepal Investment Mega Bank

  [1]Mega Bank Nepalen.wikipedia.org

  Mega Bank Nepal merged with Nepal Investment Bank, creating Nepal Investment Mega Bank. The combined bank began joint operations on January 11, 2023.

• Licensed as an A-class commercial bank

  [1]Mega Bank Nepalen.wikipedia.org

  Mega Bank Nepal operated under an A-class commercial-bank license issued by Nepal Rastra Bank. The supplied reference does not state the year in which the license was granted.

• Established a nationwide banking network

  [1]Mega Bank Nepalen.wikipedia.org

  Before its merger, the bank reported 208 branches, 25 extension counters, 146 ATMs, 60 branchless banking centers and more than 2,300 remittance agents across Nepal.

A regulated Nepalese commercial bank positioned around nationwide access, conventional branch banking and expanded distribution through ATMs, branchless banking centers and remittance agents.

• Commercial banking

  Commercial banking services

  Mega Bank Nepal provided general commercial banking services through its regulated Nepalese banking platform. The available reference confirms the bank's broad commercial scope but does not enumerate specific deposit, lending, treasury or digital products. Accordingly, this entry describes the service category at a high level rather than assigning unverified product names or terms.

• Alternative banking distribution

  Branchless banking

  The bank operated 60 branchless banking centers before the merger. These locations formed part of its effort to extend access beyond conventional full-service branches. The reference material does not specify the precise services, technology platform or customer eligibility rules used by the centers.

• Self-service banking

  ATM network

  Mega Bank Nepal maintained 146 ATMs before the merger. The machines supported the bank's nationwide access model and complemented its branch and extension-counter network. The supplied material does not provide a breakdown of ATM locations or supported transaction types.

• Remittance distribution

  Remittance-agent services

  The bank worked with more than 2,300 remittance agents before the merger. This agent network was an important part of its distribution footprint in Nepal, particularly for customers using remittance-related financial services. Specific remittance partners, fees and product names are not identified in the available source.

• 2023

  Merger with Nepal Investment BankM&A

  Background

  Mega Bank Nepal was combined with Nepal Investment Bank as part of a corporate merger in Nepal's commercial-banking sector.

  Action taken

  The merged institution adopted the name Nepal Investment Mega Bank and began joint operations on January 11, 2023.

  Aftermath

  Mega Bank Nepal no longer operated as a standalone bank. The available material does not provide transaction value, ownership ratios, branch consolidation details or other financial terms.

  Source

• 2023

  Mega Bank Nepal and Nepal Investment Bank begin operations as Nepal Investment Mega Bank[1]Mega Bank Nepalen.wikipedia.org

  M&A · Other

  The merger of Mega Bank Nepal and Nepal Investment Bank produced Nepal Investment Mega Bank, which began joint operations on January 11, 2023. The transaction ended Mega Bank Nepal's existence as a standalone banking institution.

1. 1Mega Bank Nepalen.wikipedia.org
2. 2Mega Bank Nepal official websitemegabanknepal.com