After the successful launch of its innovative service wherein customers can open new accounts via Facebook Messenger, NMB Bank has announced the launch of the service via the Viber messaging platform.
NMB Bank as part of its drive to create a shift towards Smart Banking has launched account/Fixed Deposit (FD) opening and renewal service through Facebook Messenger.
NMB Bank continues in its efforts to support the government and the people in combating Covid-19. The Bank has successfully completed hand over of PPE (Personal Protective Equipment) in all 7 Provinces. The Bank expects that its contribution shall aid in boosting the morale of health workers who have been at the forefront in combating the spread of the virus. NMB has contributed a total of 700 units of PPE to the government through its Province Offices across the country.
NMB Bank has contributed NPR. 1 crore 51 lakhs to the Government’s Covid-19 Aid Fund in its effort to support the response fund, established to undertake initiatives against the spread of the novel Corona virus in the country.
NMB Bank partners with Sastodeal to contribute towards Covid-19 Aid fund
With the objective to render support to those most impacted by Covid-19, NMB Bank has partnered with Sastodeal wherein 15% of the payment amount on purchases made in Sastodeal through NMB Mobile Banking – QR payment during delivery, will be contributed to the Covid-19 Aid fund as per the Government guidelines.
NMB Bank in line with its long term objective of promoting and creating opportunities for Sustainable growth has launched Project Swarojgar in Siraha district as part of its CSR.
Project Swarogjar essentially is an entrepreneurship development training program designed with the objective to enhance skills, mindset and help in capacity building of upcoming and existing entrepreneurs. The Bank has partnered with Glocal Pvt Ltd, a CSR and Management consultant to design and implement the project.
NMB Bank Ltd. (NMB) signed Memorandums of Understanding (MoUs) with Nepal Haatey Kagaz Uddhami Sangh (NHKUS), Rastriya Allo Uddhami Sangh Nepal (RAUSN) and Nepal Udhyamshil Mahila Mahasangh (NUMM) at a ceremony held at Hotel Yak and Yeti.
NMB Bank has signed the agreement for acquisition of Kanchan Development Bank Limited, a ‘B’ class financial institution operating for the last ten years in Province 7 with its head quarters located in Mahendranagar, Kanchanpur.The agreement has been signed on February 9, 2020.
NMB Bank has commenced joint operations with Om Development Bank Limited from 11 Aswin 2076. Post-merger, the bank’s paid up capital has reached 11.53 billion and the reserve fund has reached 8.32 billion, with the bank’s core capital worth 20.15 billion. The merged unit is called “NMB Bank” and its Head Office remains at Babarmahal, Kathmandu.
After the merger, the Bank will continue to operate as NMB Bank Ltd. with 163 branches,5 extension counters and 120 ATMs across the country. Likewise there will be an increase in Core Capital and General Reserve Fund of the bank to NPR20.5B. The deposit and loan will increase to NPR119 Billion and NPR113 Billion respectively.
NMB Bank has signed a tripartite agreement with National Youth Council and Returnee Migrant Nepal with the objective to promote youth entrepreneurship and to provide subsidized loan to returnee migrants in predominant sectors – agriculture, tourism, forestry, medicinal herbs, minerals, hydro and science and technology.
NMB Bank’s bumper New Year offering “NMB Sabaiko Sahara Bachat Khata” in support of the Government’s ‘Lets Open Bank Account Campaign 2076’
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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