NMB Bank has signed a loan agreement with Bakas Renewable Energy Pvt. Ltd., a company promoted by forestry and environmental professionals in which Business Oxygen Pvt Ltd (BO2), Nepal’s first international Private Equity Fund with a climate focus promoted by International Finance Corporation (IFC) of the World Bank Group is making equity investment for developing a biomass pellet project at Ishworpur, Sarlahi District of Province No. 2.
NMB Bank Limited has successfully executed Financial Closure of Seti Nadi Hydroelectric Project having an installed capacity of 25 MW. The project is being developed by Vision Lumbini Urja Company Limited. The project is located at Machhapuchchhre Rural Municipality and Pokhara-Lekhnath Metropolitan City, Kaski, Gandaki Province of Nepal.
NMB Bank sets precedence to become the sole bank in the country to sign an agreement with Chinese tech giant Tencent Holdings Ltd, developer of Chinese multi-purpose messaging, social media and mobile payment app- WeChat.
NMB Bank has yet again set precedence as the ‘first bank in Nepal’ to issue Corporate Credit Card. The Bank has launched NMB Bank VISA Corporate Credit Card which shall be issued upon request to business organizations/corporate houses.
NMB Bank has commenced joint operations with Kanchan Development Bank Limited from 7 Bhadra, 2077. Post acquisition, the bank’s paid up capital has increased to NPR. 14.45 Billion and the size of its reserve fund has increased to NPR. 7.35 Billion. Post acquisition, the unit is called “NMB Bank” and its Head Office remains at Babarmahal, Kathmandu.
NMB Bank has launched “NMB Omnichannel’ application in both web and mobile that is set to create a breakthrough in the current digital banking landscape in Nepal. Positioned as #TrueDigitalBankingExperience, this is for the first time that Omnichannel has been introduced to the Banking sector in Nepal.
NMB Bank has signed a Memorandum of Understanding (MOU) with nCloud Pvt Limited to promote digital payment channel in the transport sector. The MOU was signed between Sunil KC, Chief Executive Officer, NMB Bank and Dipendra Narayan Shrestha, Chief Executive Officer, nCloud Pvt. Limited .
एनएमबि बैंक लिमिटेड र जडिबुटी व्यवसायी संघ नेपालबीच संघका सदस्यहरूको क्षमता अभिवृद्घि, वित्तीय परामर्श, खाता सञ्चालन तथा कर्जा सहुलियत सहितका विविध क्षेत्रका गतिविधिहरूमा साझेदारी स्थापना गर्ने गरी द्विपक्षीय समझदारीपत्रमा हस्ताक्षर भएको छ ।
एनएमवि बैंक लिमिटेडको मिति २०७७।०३।२१ गतेका दिन सम्पन्न विशेष साधारण सभामा एनएमबि बैंक लिमिटेडले कञ्चन डेभलपमेन्ट बैंक लिमिटेडलाई प्राप्ति गर्ने सम्बन्धी प्रस्ताव पारित भएको छ ।
कञ्चन डेभलपमेन्ट बैंक लिमिटेडको सम्पत्ति र दायित्वको मूल्यांकन प्रतिवेदन तथा अन्य सम्वद्ध व्यवस्थाको आधारमा निर्धारण गरिएको शेयर मुल्य अनुपात (क्जबचभ क्धबउ च्बतष्य ) १००ः ८५ लाई उक्त विशेष साधारण सभाले स्वीकृति प्रदान गरेको छ । जसअनुसार कञ्चन डेभलपमेन्ट बैंक लि. का शेयरधनीहरुले कञ्चन डेभलपमेन्ट बैंक लि. को १०० कित्ता बराबर एनएमबि बैंक लिमिटेडको ८५ कित्ता शेयर प्राप्त गर्नेछन् ।
NMB Bank Limited has signed a repeat loan mandate with IFC, a member of the World Bank Group for IFC Loan of USD. 25 Million. NMB becomes the only Bank in Nepal to receive consecutive financing from IFC over a span of two years.
NMB Bank has added a new offer to its newly launched account opening service via Messenger and Viber wherein customers will receive 10% discount/ cashback of NPR. 500 whichever is lower, on first time mobile banking transaction
NMB Bank has introduced enhanced variants to its popular payroll accounts NMB Talab Khata and NMB Super Talab Khata. The new variants offer total insurance coverage of up to NPR. 18 Lakhs. Under the new product variant ‘NMB Premium Talab Khata’ customers are provided with Accidental Death Insurance coverage of up to NPR. 10 Lakhs with coverage of 18 critical illness of up to NPR. 5 Lakhs, whereas under ‘NMB Premium Super Talab Khata’ customers are benefited with Accidental Death Insurance Coverage of up to NPR. 10 Lakhs with coverage of 18 Critical illness of up to NPR. 7 Lakhs and Medical Insurance of up to NPR. 1 Lakh.
NMB Bank has signed a Memorandum of Understanding (MOU) with Dai-ichi Kangyo Credit Cooperative (DKC) Japan to facilitate the banking requirements of Nepalese population residing both in Japan and Nepal. The key highlight of the MOU is that DKC shall provide employment and loans to Nepalese individuals in Japan based on referrals of NMB Bank.
NMB has launched “NMB Jeevan Chakra Bachat Khata” a one of its kind savings product in the Nepali financial market. The innovative product which encapsulates 7 sub-products has been developed with the objective to cater to the entire banking needs of an individual from the stage of infancy to the elderly stages of life.
NMB Bank announces the launch of ‘NMB Ballooning and Reverse Ballooning’ schemes under its home loan facility. Customers vying for Home Loan facility at NMB Bank can now choose their repayment methods as per their requirements under the newly launched schemes.
NMB Bank signs MOU with Visa Worldwide Pte Ltd to become one of the few banks in the country to enter into the exclusive Principle member Banks group of Visa in Nepal.
NMB Bank has been awarded “SAARC Anniversary Awards for Corporate Governance 2018”. The award demonstrates the Bank’s commitment for high level of Corporate Governance standards and transparency. NMB has also been awarded with “Certificate of Merit” in South Asian Federation of Accounts (SAFA) Best Presented Annual Report Awards.
NMB Bank has become the ‘first bank in Nepal’ to achieve ISO 27001:2013 Certification from TÜV Rheinland, Germany, in recognition of its compliance with the highest standards in developing and implementing Information Security Management System (ISMS) to protect customer’s data and maintain security of stakeholder’s information assets.
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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