Introduction
Development Banking Sector remained dominated by government owned bank for more than five decades. With the liberalization of economy private sector started to promote development banks obtaining license from Nepal Rastra Bank, the Central Bank of Nepal. Excel Development Bank Limited is licensed by Nepal Rastra Bank under Banking and Financial Regulation Act 2061. The bank is promoted by a group of experienced and highly motivated individuals from all walks of life. The promoters include; professional bankers, Entrepreneurs, Educationalists and Technocrats.
The bank’s central office is located in Birtamod, Jhapa, the far eastern part of Nepal. At present the banks working area is Illam, Jhapa and Morang districts. The bank is committed to deliver its services to the customers through easy banking procedures. Since the bank is located in the rural area, it intends to serve the need of common people by providing simple yet modern banking facilities. It is transparent in its approach and workings.
The bank gives true value of the depositor’s money by providing a competitive interest rate. Furthermore, it encourages the entrepreneurs to increase their capacity in productive sectors. The bank aims to be an engine of development with its reliable and trustworthy banking services-
Excel Development Bank ltd. strives to achieve excellence in the banking sector through its customer friendly approach.