Saptakoshi Development Bank Ltd

Saptakoshi Development Bank Limited (NEPSE: SAPDBL) is a Class B development bank licensed by Nepal Rastra Bank to provide regional banking services across eastern Nepal. The bank operates through 28 branches in seven districts—Morang, Sunsari, Jhapa, Ilam, Panchthar, Dhankuta, and Terhathum—serving customers with deposit-taking and lending services. Its lending portfolio spans multiple segments: business loans (37%), agriculture loans (29%), personal loans (17%), deprived sector loans (7%), housing loans (5%), and other products. In June 2019, Saptakoshi Development Bank merged with Kabeli Bikas Bank to strengthen its capital base and operational reach, creating the largest provincial development bank in Province 1 with combined paid-up capital of Rs 81 crore. The company was incorporated in 2012 and commenced operations in October that year, listed on the Nepal Stock Exchange in September 2019, and is headquartered in Dhankuta, Nepal.

Key Facts

License Class

Class B development bank, licensed by Nepal Rastra Bank

Operating Districts

28 branches across 7 districts: Morang, Sunsari, Jhapa, Ilam, Panchthar, Dhankuta, Terhathum

Merger

Merged with Kabeli Bikas Bank on June 28, 2019 (Ashad 22, 2076) to form largest provincial bank in Province 1 with paid-up capital Rs 81 crore

Lending Portfolio

Business loans (37%), agriculture loans (29%), personal loans (17%), deprived sector loans (7%), housing loans (5%), hire purchase and others (5%)

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