Kathmandu, May 27
Nabil Bank has been
listed among the exclusive league Table of Top 20 Banks published by IJ Global
Magazine under Global Infrastructure and Project Finance category IJ Global as
per Report
Q1 2022.
This is a rare
recognition for any bank from Nepal to be listed in the IJ Global, which is
a part of EuroMoney Institutional Investor Business, and considered to be the
world's largest infrastructure and project finance data sources, Nabil bank
said in a statement on Friday.
According to it, the IJ Global database covers
more than 32,000 transactions, 26,000 projects and 2,100 funds that are updated
on a daily basis with market coverage of 80 per cent of the top project finance
lenders, 90 per cent of the top law firms, and 85 per cent of the top financial
advisers.
Anil Shah, CEO of the bank, said that the
recognition showcases Nabil Bank’s prudent credit screening process,
expertise in infrastructure financing and demonstrates the bank’s capabilities specially
in energy financing.
"The construction-based industries
such as cement and steel, banking with us account for nearly 50 per cent of total
country’s consumption. The Bank’s exposure in Hydro power sector covers total
generation capacity above 1,800 MW," said the bank.
Published in The Rising Nepal daily on 28 May 2022.
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