Nepal’s one of the top financing institutes ‘NMB Bank’ has added yet another award to its list of accolades.
Under the Corporate and Investment Banking Awards category for 2021, the NMB Bank has bagged the “Green Deal of the Year” award.
Singapore’s Asian Banking and Finance magazine has bestowed the award on the NMB bank.
The magazine recognized the bank as the champion of ‘Green Financing in Nepal’ for its pioneering debt deal with International Finance Corporation (IFC).
Under the deal with the IFC, the NMB Bank has been providing credit facilities to projects that qualify as ‘Green Deals’ under the IFC eligibility criteria.
The Green Deal Award vindicates the Bank’s commitment towards Sustainable Banking and support for climate friendly projects and entrepreneurial activities.
“NMB Bank has been at the forefront of making Green Investments and we believe in making sustainable investments such that they create a balance between the environment and economic activities,” said Sunil KC, CEO of NMB Bank.
Earlier, the NMB Bank bagged “The Bank of the Year – Nepal” award in 2017, 2018 and 2020, by The Financial Times, London.
The NMB Bank is a committee member of Partnership for Carbon Accounting Financials and also a member bank of Global Alliance for Banking on Values (GABV).
The bank has around 181 branches in the country.
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