May 19, 2022 | Investopaper
Nabil Bank has entered into a partnership with the Office of Investment Board Nepal to foster economic development in Nepal through promotion of Foreign Direct Investment. Under this agreement, Nabil Bank has partnered with the Office of Investment Board Nepal (OIBN) to provide advisory service to foreign investors, promote foreign direct investment through organization and participation at various promotional programs to showcase investment opportunities in Nepal.
The MoU was signed by Mr. Anil Keshary Shah, Nabil Bank’s Chief Executive Officer and Mr. Sushil Bhatta, Investment Board Nepal’s Chief Executive Officer during a signing ceremony organized today. According to Mr. Bhatta, the banking sector plays a vital role in attracting foreign investments due to which OIBN has joined hands with Nabil Bank for the first time. Mr. Upendra Prasad Poudyal, Nabil Bank’s Chairman emphasized on the Bank’s focus on building a sustainable nation along with sustainable banking. Similarly, Mr. Shah stated that Nabil Bank is proud to be the official financial advisor of a prestigious institution such as the Office of Investment Board Nepal.
This partnership reflects Nabil Bank and OIBN’s shared commitment to jointly promote economic development of Nepal by attracting foreign investors and bridge the gaps of sustainable resource in the country to develop infrastructure projects, Green field avenues, Energy sector promotion, Green financing, and so on.
Nabil Bank Limited is the nation’s first private sector bank, established in 1984 AD. The Bank serves a complete line of commercial banking products through branch banking, treasury, trade, cards, remittance and investment banking. The Bank operates through a network of 150 branch offices, 187 ATMs, numerous POS terminals, remittance agents spread across the nation and over 170 international correspondent banking relationships.