Tourism Development Bank

Tourism Development Bank Ltd was founded in Nepal in 2009 as a national-level development bank. Its corporate office was located in Kathmandu. The institution was established to provide banking and financial services within Nepal and developed a service model broader than the bank's tourism-oriented name might suggest. The available account identifies it as a general development-banking institution offering a wide range of financial products and services. In its earlier period, the bank had paid-up capital of NPR 780 million and operated 15 branches. It also belonged to SWIFT, the international financial messaging network used by financial institutions to exchange standardized payment and settlement instructions. This membership reflected the bank's connection to formal domestic and cross-border banking infrastructure, although the available material does not specify the precise international services it offered. The major documented turning point in the bank's history was an acquisition-led expansion. Tourism Development Bank acquired Kalinchowk Development Bank and Matribhumi Bikas Bank. Joint operation following these acquisitions began on 8 January 2017. The transaction expanded the institution's scale and was accompanied by further business and capital growth. After the acquisitions, the bank reported paid-up capital of approximately NPR 2,002.7 million. Its deposit base reached around NPR 13,100 million, while loans issued by the bank totaled approximately NPR 12,000 million. Its distribution network expanded to 36 branches, five extension counters, and 19 ATM centers. The bank stated that this network served more than 100,000 customers across Nepal. The available reference does not document the bank's later corporate development, including whether it continued independently, was merged into another institution, or adopted a different brand. It also does not identify founders, directors, chief executives, detailed products, advertising campaigns, controversies, or current ownership. The historical record therefore supports a description of Tourism Development Bank as a Nepalese development-bank brand that grew through acquisitions and geographic expansion, while leaving its present status unresolved.

• 2017

  Acquisitions and joint operations

  [1]Tourism Development Banken.wikipedia.org

  The bank completed the acquisition of Kalinchowk Development Bank and Matribhumi Bikas Bank, beginning joint operations on 8 January 2017.

• 2017

  Post-acquisition expansion

  [1]Tourism Development Banken.wikipedia.org

  Following the acquisitions and further expansion, reported paid-up capital reached approximately NPR 2,002.7 million, with 36 branches, five extension counters, and 19 ATM centers serving more than 100,000 customers.

• 2009

  Bank established

  [1]Tourism Development Banken.wikipedia.org

  Tourism Development Bank was established as a national-level development bank in Nepal, with its corporate office in Kathmandu.

A Nepalese national-level development bank combining broad banking services with an expanding branch, extension-counter, and ATM network.

• Banking deposits

  Deposit accounts

  The bank accepted customer deposits as part of its core development-banking activities. The available material confirms a substantial deposit base after expansion but does not identify specific savings, current, fixed-term, or institutional account products.

• Lending

  Loans and advances

  Lending was a central part of the institution's business. After its acquisition-led expansion, the bank reported loans totaling approximately NPR 12,000 million. The available source does not provide enough detail to distinguish consumer, business, project, or sector-specific lending products.

• Banking access and payments

  Branch, ATM, and payment services

  Tourism Development Bank delivered services through branches, extension counters, and ATM centers. Its SWIFT membership also connected the institution to standardized international financial messaging, although the precise range of payment and remittance services is not specified in the available material.

• 2017

  Acquisition of Kalinchowk Development Bank and Matribhumi Bikas BankM&A

  Background

  Tourism Development Bank pursued acquisition-led growth to increase its capital base, operating scale, and geographic reach within Nepal's development-banking sector.

  Action taken

  The bank completed the acquisitions and began joint operations with the acquired institutions on 8 January 2017.

  Aftermath

  Reported post-expansion figures included paid-up capital of approximately NPR 2,002.7 million, deposits of approximately NPR 13,100 million, loans of approximately NPR 12,000 million, and a network of 36 branches, five extension counters, and 19 ATM centers.

  Source

1. 1Tourism Development Banken.wikipedia.org