3RD NMB BANK INTER-SCHOOL HERITAGE PAINTING COMPETITION (9 FEBRUARY 2015)
NMB Social Initiative organized the 3rdNMB Bank Inter-school Heritage Painting Competition, a region wise event on 7th February 2015,at the premises of Little Flower School, Bharatpur, Chitwan. The event was a part of the initiative on corporate social responsibility on heritage preservation undertaken by the Bank. More than 30 schools from the Central region, which includes Narayanghat, Butwal , Pokhara and Birgunj participated in the competition. NMB Social Initiative believes that the schools and their combined efforts will help them take a step forward towards spreading awareness about preserving the rich heritage sites of Nepal. The competition will be carried forward in other regions as well in the coming months. The final result will be announced during the Bank’s Heritage Walk, 2015.
IFC PARTNERS WITH NEPAL’S NMB BANK TO BOOST TRADE FINANCE OPPORTUNITIES, SUPPORT SMALL BUSINESSES (27 JAN 2015)
Kathmandu, Nepal, January 26, 2015—IFC ,a member of the World Bank Group, will provide a million trade finance facility to Nepal’s NMB Bank Limited under its Global Trade Finance Program to help boost international trade business for the bank and support small and medium business clients. NMB Bank will establish trade partnerships with over 250 international banks through this program. IFC’s Global Trade Finance Program promotes trade in emerging markets, complementing the capacity of banks to ensure liquidity to export-oriented small and medium enterprises. The program’s network enables local financial institutions to tie up with major international banks to offer competitive financing. “The bank’s expanding presence in trade finance makes it a key partner for IFC. Together we can support strengthening of Nepal’s financial sector,” said Upendra Poudyal, Chief Executive Officer of NMB Bank Limited. “The facility will help us support smaller businesses by offering letters of credit and guarantees.” “IFC’s partnership with NMB Bank will help accelerate economic growth in Nepal by providing small and medium enterprises with reasonably priced trade finance solutions for working capital requirements and assist in payments for imports,” said Valentino S Bagatsing, IFC Resident Representative for Nepal. “The trade finance facility with NMB Bank is a signal of confidence in the Nepalese banking industry.”