In association with
Logo Logo Logo

NMB Bank getting loan equal to 25 million US Dollars from IFC

KATHMANDU:- NMB Bank is to get loan equal to 25 million US Dollars from International Finance Corporation (I FC) for two years.
According to the Bank, the amount would be spent for the promotion of small and middle-scale business facing problems due to coronavirus.
Chief Executive officer of the Bank, Sunil KC, said that the loan would help promote small and middle-scale enterprises as well as solar project including promotion of renewal energy.
CEO KC and Acting Resident Representative of IFC, Santosh Pandey, signed the bilateral agreement in this regard.
The NMB has been investing in promotion and development of Nepal’s energy as well as small and middle-scale industries.
NMB has become the only bank getting loan continuously from IFC.

Comment here !
Related News

KATHMANDU;- The World Bank’s representatives including its Vice-President for South Asian region Hartwig Schafer have paid a courtesy call on

KATHMANDU;- The International Monetary Fund warned on Friday that Australia must act to curb runaway home prices, which have surged

By Laxmi Prasad Sapkota, KATHMANDU;- The Lower Modi-1 Hydropower Project in Parbat district that was damaged by flood on September

KATHMANDU:- The Nepal Rastra Bank (NRB) has unveiled a new provision ensuring concessional loan for the establishment of electronic vehicle