Kathmandu,
July 12
Nabil
Bank Limited has completed four decades in the banking business.
To
mark the occasion, it organised an interaction on the role of banking in
sustainable development in Kathmandu on Friday.
Chairman
of the bank, Upendra Paudyal mentioned that recently the bank was focusing on
sustainable development and informed that the programmes and service delivery had
been carried out accordingly.
Stating
that the sustainable banking plan launched by the bank is based on long-term
thinking, he said that it would help reduce carbon emissions, invest in green
technology and advance projects that promote social and economic development.
Chief
Executive Officer (CEO) of the bank, Gyanendra Prasad Dhungana, informed that
on the occasion of the bank's 40th anniversary, various programmes would be
organised for the next 40 days to raise public awareness about sustainable
development.
He
said that in the next 40 days, activities such as cycling, rallies, and photo
exhibition reflecting the journey of 'four decades of Nepal' have been
scheduled.
Speaking
on the occasion, Hana Singer Hamdi, Resident Coordinator of the United Nations
for Nepal, mentioned that a large investment was needed to achieve the goals of
sustainable development and emphasised that a bank like Nabil should invest in
that.
"In order to meet the goals of
sustainable development, the world needs 4 trillion dollars every year, which
was estimated to be 2.5 trillion dollars annually before the coronavirus
epidemic", she said, "In the case of Nepal, 23 billion dollars is
needed and 6 billion dollars is insufficient every year, which is 11 per cent
of the total Gross Domestic Product (GDP).”
She
also expressed the view that Nepal needs a large investment to meet the goals
of sustainable development and that Nabil Bank could increase large investments
in the field of sustainable development.
Likewise,
social entrepreneur Anil Chitrakar emphasised the need to protect the
environment. He said that banks like Nabil need to increase investment in the
field of sustainable development. He said, “We are dependent on the
environment, if we do not protect the environment, problems will arise in the
future.”
"Because
there are tigers in Chitwan National Park, travel agencies in Kathmandu and
other cities are operating, jobs have been created because the environment has
been preserved," Chitrakar said.
Established on July 12, 1984, under the name
of Nepal Arab Bank, Nabil Bank has been providing services focusing on customer
convenience and simple banking services.
Nabil
Bank claimed that it was using the highest technology while expanding
simplified banking services, and it started computerised banking for the first
time in Nepal.
Nabil
was the first bank to start ATM service in Nepal in 1994, mobile banking for
the first time in 2012, and smart chip service in International Master Card and
Debit Card in 2014. Contactless payment card was introduced in Nepal for the
first time in 2016. The bank last launched 'N Bank' in 2022 and provided more
than 60 banking services through mobile for the first time in Nepal.
The
bank has been providing services through its 22 extension counters and 316 ATM
machines with a network of 268 branches across the country. Nabil Bank has been
providing direct banking services to more than 2.2 million customers.
Published in The Rising Nepal daily on 13 July 2024.
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