Nabil Bank, IBN to cooperate in FDI channelling

Stakeholders of Nabil Bank and Investment Board Nepal exchange memorandum of understanding.

KATHMANDU: Nabil Bank and Investment Board Nepal (IBN) signed a memorandum of understanding (MoU) to coordinate the promotion of foreign direct investment (FDI) and business partnerships.

Chief Executive Officer (CEO) of IBN, Sushil Bhatta, and Nabil Bank CEO Anil Keshary Shah sign the MoU amid an MoU signing ceremony.

As per the agreement, IBN and Nabil Bank will cooperate in FDI channelling and sustainable financing opportunities.

Likewise, the IBN will inform the bank about feasible projects for investors, jointly organise programmes related to promoting investment, and coordinate and cooperate in attracting foreign investors to Nepal.

In the MoU signing ceremony, IBN CEO Bhatta expressed his view that this agreement would help develop partnership development through strategic relations between IBN and Nabil Bank. Bhatta informed that Management Information System (MIS) and One Stop Service (OSS) based on the web are being developed to facilitate investors.

Likewise, Chairman of Nabil bank, Upendra Prasad Poudyal, said the role of IBN is important for the long term development of Nepal. He stressed the need for developing and implementing projects keeping in mind the environmental and social issues.

Nabil Bank CEO Anil Keshary Shah and the bank’s chairman, Upendra Prasad Poudyal, attend the MoU signing ceremony.

On the occasion, Nabil Bank CEO Shah praised the steps taken by the Investment Board and opined that the agreement has opened the opportunities for the cooperation to bring in FDI in the country.

Present on the occasion were IBN Joint Secretary Amrit Lamsal, Nabil Bank’s Deputy General Manager Adarsha Bazgain among other stakeholders of the bank and employees and advisors of IBN.

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