Nepal Investnment Bank

Nepal Investment Bank, one of the leading commercial banks of the country, was earlier known as the Nepal Indosuez Bank. Nepal Investment Bank Limited was established in 1986. Nepal Investment Bank was a joint commercial enterprise between the Credit Agricole Indosuez (one of the largest banking group in the world) and the Nepalese. The Head office of the Nepal Investment Bank Limited is located at Durbar Marg- Kathmandu, which remains open all round the year. This bank has 15 branches and 78 remittance centers across Nepal. The CEO of the Nepal Investment Bank Limited is Mr. Prithivi Bahabur Pande.

Nepal Investment Bank Limited (NIBL) functions on the thumb rule given by the Nepal Government and the Nepal Rastra Bank or the Central Bank of Nepal. Besides all the function that Nepal Investment Bank Limited (NIBL) performs, it is generally known for its remittance services. It boasts of being one of the most dependable and the strongest center of money transfer to Nepal. Money can be sent to NIBL via their exchange houses, correspondent banks and the Middle-East banks using NIBL's in-house remittance software and the Prithivi Express by the remitters across the globe.

The various modes of money transfers are:

• Demand Draft: This facility is available worldwide through correspondent banks.
• Swift Transfers: This service ensures quick money transfer by the NIBL from any part of the globe. Beneficiary details and the swift address NIBLNPKT is asked for.
• Cash Management Services: If one is engaged into exporting goods to India, NIBL helps the exporter to collect receivables and bills properly. Also one can get the details of the Indian buyer with the help of NIBL
• Travelers Cheque: “American Express Traveler's Cheque”, accepted globally is issued here.
• Remittance from the Middle- East: NIBL authorizes worldwide agents of large remitting companies like Instant Cash, UAE Exchage, Wall Street Exchange and Doha Bank.