NMB Bank signs ‘Letter of Cooperation’ with USAID Trade and Competitiveness

KATHMANDU: NMB Bank has signed a 'Letter of Cooperation' with USAID Trade and Competitiveness for facilitating green financing, climate financing, and foreign and domestic investment. The bank under the arrangement shall provide access to finance for the micro, small and medium-sized enterprises (MSMEs) in a sustainable manner. The partnership will promote the integration of women, youth, and marginalised groups into markets to participate in economic opportunities with agriculture, tourism and digital services as the primary focus. USAID Trade and Competitiveness is a five-year $18.9 million activity to enable Nepal to capitalise on global integration to diversify toward higher quality and higher value exports, foster sustainable job growth and income-generating opportunities for those who have previously been left behind by economic growth, and create greater sustainability and resiliency. Deloitte Consulting LLP is implementing the activity in partnership with JE Austin, South Asia Watch on Trade, Economics, and Environment (SAWTEE) and Deloitte, Touche, and Tohmatsu India (DTTI). ‘The Banker Magazine’ of The Financial Times, London, has awarded NMB Bank with the prestigious Bank of the Year Asia 2021. The bank has also been awarded Bank of the Year in 2017, 2018, 2020 and 2021. NMB Bank is currently providing its services through 201 branches, 138 ATMs and 11 extension counters. READ ALSO:

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