The largest project loan syndication in the history of the Nepalese Banking industry - that of Hongshi Shivam Cement has successfully come to a closure. The syndication is led by NMB Bank with - NPR 6.75 Billion, Co-Lead Bank by Nepal Investment Bank with NPR. 4 Billion and member banks comprising of Prabhu Bank : NPR 3 Billion, Everest Bank: NPR. 1.25 Billion; Nepal SBI Bank: NPR. 1 Billion. The syndication is secured by Financial Bank Guarantee of Bank of China and China Minsheng Bank and the loan tenure stands at 7 years.
NMB Bank has commenced operations of 16 new branches in the newly formed local level government of the country in compliance with the Nepal Rastra Bank mandate to open branches in local units which lack banking services.
NMB Bank Talab Khata, a new savings account designed specifically for salaried employees has successfully fulfilled its objective of providing the best facilities in a savings account.
Sunil KC, CEO, NMB Bank and Willem Grimminck, Managing Director, One to Watch, signed a Memorandum of Understanding (MOU) at a ceremony held at NMB Bank headquarters in Babar Mahal, Kathmandu.
In line with the Government of Nepal’s initiative to provide subsidized loan to promote entrepreneurship in the deprived sectors, NMB Bank has announced the launch of eight loan products in its Micro Finance portfolio under the umbrella of ‘NMB Interest Subsidy Loans’. Of the eight loan types offered, seven of the loans are ‘Collateral free’ and provides enterprising individuals the opportunity to pursue a future of sustainable growth.
NMB Bank becomes the “First Bank in Nepal” to secure USD 15 million debt investment from CDC Group. CDC Group plc is the UK‟s development finance institution. Wholly owned by the UK Government, it invests in sub-Saharan Africa and South Asia with the aim of supporting economic development to create jobs.
NMB Bank Ltd. (NMB) and Federation of Nepal Cottage & Small Industries (FNCSI) signed a memorandum of Understanding (MOU) to conduct a series of Financial Literacy Programs (FLP).
NMB Bank Ltd. and Karjabazaar signed a Memorandum of Understanding (MOU) whereby borrowers interested in NMB Bank’s loan products can now easily view loan details, apply and track loan status in karjabazaar.com.
National Banking Institute Ltd (NBI) and NMB Bank Ltd. (NMB) Signed a memorandum of Understanding (MOU) on 13thSeptember 2018 for strategic alliance whereby NBI would provide training programs to the bank for human capital development. Under this agreement, NMB has committed minimum NPR 5 million worth
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