Nabil Bank Inks agreement With Muktinath Bikas Bank For Providing Value Added Services To Customers

August 20, 2021 | Investopaper

Nabil Bank Limited and Muktinath Bikas Bank Limited have entered into a collaboration to provide various Banking services including Non Funded Facilities (Letter of Credit/Swift/Guarantee/DAP/DAA and etc.) to the customer of Muktinath Bikas Bank.

Under this strategic partnership, customers of Muktinath Bikas Bank can open Letters of Credit (LC), Document Against Payment (DAP), Document Against Acceptance (DAA), Swift Transfer (TT) & Bank Guarantee (BG) through Nabil Bank. Furthermore, the customers of Muktinath Bikas Bank will now have access to modern banking facilities. Through this collaboration, the Bank anticipates to enlarge the business scope in terms of Deposit, Remittance, Directed Lending, Consortium financing, FX management and so on in the coming days.

Mr. Anil Keshary Shah, CEO of Nabil Bank and Mr. Pradyuman Pokharel, CEO of Muktinath Bikas Bank signed the Memorandum of Understanding in the presence of Mr. Sujit Kumar Shakya, DCEO of Nabil Bank, Mr. Samir Shekhar Bajracharya, DCEO of Mukhtinath Bikash Bank and Mr. Rashik Bhandari, Head – Credit Sales of Mukhtinath Bikash Bank.

Speaking about the partnership, Mr. Anil Keshary Shah said, “Nabil Bank is pleased to serve the customer base of Muktinath Bikas Bank with extended banking solution through this synergistic effort. We are excited to be the Banking Partner of Muktinath Bikas Bank through this business sharing agreement, and we look forward to providing enhanced customer services to the valued customers of both banks.”

Likewise, Mr. Pradyuman Pokharel stated that this business relationship will definitely add value not only to both the Banks but will also provide value added services to the large clientele base of Muktinath Bikas Bank with an EGI (Excellence, Growth, Impact) approach.


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