KATHMANDU: Nirdhan Utthan Bank Ltd (NUBL) has signed a mandate with International Finance Corporation (IFC), a member of World Bank Group, for a loan.
The agreement was signed between Janardan Dev Pant, chief executive officer of NUBL, and Mohammad Rehan Rashid, resident representative of IFC, as per a press release.
The loan from IFC is subject to approval from Nepal Rastra Bank. NUBL has been extending financial services and social awareness to the poor in under-served areas of Nepal in a sustainable manner, and IFC loan shall be mobilised to further broaden outreach of NUBL to expand lending to underserved segments and areas.
Written by Sandeep
This news first appeared on https://thehimalayantimes.com/business/nubl-signs-mandate/ under the title “NUBL signs mandate”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
