Kathmandu, July 31
Nepal Investment Bank
Limited has bagged an ‘Award of Recognition’ from International Financial Corporation
(IFC), a member of the World Bank Group, for ‘2019 Best Partner in Low Income
IDA Countries, South Asia’, for maximum volume of trade finance from Nepal
under Global Trade Finance Program
(GTFP).
IFC has partnered with
NIBL to promote trade finance in Nepal to enable the bank to enhance its
support for local enterprises and help boost international trade opportunities.
According to the IFC,
the trade finance support enabled the country’s corporate and small and medium
enterprise sector to increase their share of global trade and get recognised by
a wider range of correspondent banks globally.
The network facilitates
transactions in challenging markets, promotes competitive financing, and builds
correspondent bank relationships with new institutions at low risk.
NIBL is offering services from 82 branches,
124 ATMs, 17 extension counters, 10 revenue collection counters and 56
branchless banking counters. ICRA Nepal (International Credit Rating Agency-
Nepal) has given the bank a credit rating of ‘A’.
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