Saturday, November 12, 2011

Mega Bank Nepal Ltd. - Introduction

Background of MEGA

The initial concept of establishing a truly inclusive MEGA bank was envisioned by a group of individuals from a diverse range of backgrounds two years to the formal inauguration of the Bank. These individuals who initially conceptualized the establishment of this institution were propelled by their vision to establish a national level banking institution that would provide the highest levels of professional banking service with a personal touch, throughout the nation, to all Nepalese.

It is the realization of this aspiration that lead to the incorporation of Mega Bank Nepal Limited as Nepal's largest A class commercial bank with an authorized capital of Rs.4 billion and an issued capital of Rs.2.33 billion.

Recognizing that banking activity has been limited to the urban and semi-urban areas of Nepal, Mega bank has been set up not only to provide better products and services that are currently on offer in the financial sector but also to penetrate and tap the virgin rural market. The promoters shared a vision to make Mega Bank a catalyst for the promotion of financial inclusion in Nepal.

The Bank is inclusive right from its roots, having been promoted by 1219 promoters spread across 63 of Nepal's 75 districts. The promoters are divided into 6 clusters, with each cluster being represented by one seat on the Bank's Board; Professor Dr. Madan Kumar Dahal is the Chairman of Mega Bank Nepal Limited's Board. A senior economist of Nepal holding a Doctorate Degree in Economics, Dr. Dahal is a respected personality in the South Asian region for his insightful contributions and analytical papers on national, regional and international economic issues. The promoters are represented in the Board of Directors, comprising of accomplished personalities from the field of tourism, development, academicians, economists and businessmen.


The seed planted by the Bank's Promoters in their initial deliberations is today the core of Mega Bank's Vision - to be the banker to every Nepali, delivering five star quality services to all its customers. Our Vision is who we want to be, and everything we have done to date, and everything we will do as we build the Bank going forward will be centered around ensuring Mega Bank works towards becoming the 'Banker of every Nepali from Plough to Power - Halo to Hydro'.

In order to move towards the realization of our Vision, which enlightens us on 'Who we want to be', we have articulated a statement of Mission to clearly state 'Where we want to be'. Our Mega Mission is to consistently deliver 'Service Excellence to Create Mutually Beneficial Relationships' with all our stakeholders.

Each and every member of the Mega Team is committed to delivering service excellence and working towards providing five star quality banking to Customers, Shareholders, Regulators, Community, and Staff, creating, building and strengthening relationships of mutual benefit. In order to achieve our Mission all of us are committed to our Mega Values of being Service Centric, Transformational, Action Oriented, Result Focused, Synergistic, everyday in everything we do. The acronym of our Values is S.T.A.R.S. reflecting our commitment to the Mega Service culture.

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