NMB Bank signs repeat Loan mandate with International Finance Corporation (IFC)
30 Jun, 2020
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.
This FDI will be the first of its kind being ushered into the country by a commercial bank in the current scenario and is set to give a morale boost in difficult times.
The mandate was exchanged between Mr. Sunil KC, Chief Executive Officer, NMB Bank Limited and Mr. Santosh Pandey, Acting Resident Representative, International Finance Corporation, Nepal.