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Deva Bikas Bank Limited, B class financial institution licensed by Nepal Rastra Bank, emerged after successful merger between NDEP Development Bank Limited and Rising Development Bank in 2015 and started its joint operation from 10th July, 2015. NDEP Development Bank Limited, promoted by a consortium of prominent bureaucrats, renowned personalities from the business sector, Employees Provident Fund (KarmachariSanchayaKosh), individuals and companies with local roots but from different walks of life with a vision and dedication to provide the best financial products and services in the most efficient and professional manner started its banking operations from the year 2006 as a national level development bank under the Banks and Financial Institutions Act 2063. Another partner to the merger, Rising Development Bank,promoted by a consortium of prominent bureaucrats, renowned personalities from the business sector from Chitwan, Nawalparashi and other distticts, started it operation since 2006 as regional level development bank. With this merger, the bank have a paid up capital of 818 million rupees, 36 branch offices & Service Centers and 9 ATMs spread all across the country. It takes pride in having its own building for its Head and Corporate Office in Lal Durbar Marg, Kathmandu. .
Objectives and Mission
1. Strive to safeguard and enrich the rights and welfare of all the depositors and shareholders by providing the best and most reliable services
2. To gather resources from internal and external source for the establishment, development, expansion, capacity enhancement and uplifting of agriculture, industry, services, trade and other potential productive sectors.
3. To utilize available skill, manpower and capital for the establishment, operation, development, expansion of productive business in Urban & Rural areas. Assists on job creation and poverty elimination through supply of financial instrument, technical and professional consultancy & trainings.
4. To assemble scattered capital to make corporate investment and render financial intermediary service through healthy competition.
Authorised Capital Rs. 1920 million
Issued Capital Rs. 881 million
Paid up Capital Rs. 881 million
Promoters Share: 51.00%
Public Share: 49.00%