December 4: NMB Bank has been awarded with the prestigious "Bank of the Year-2020'' award by London-based The Banker, a British international monthly financial affairs publication owned by The Financial Times.

NMB Bank said in a statement that this is the third time the bank has won the award  in four years.

“The bank has had a remarkable growth trajectory evidently reflected in the growth in its balance sheet size and its balanced network expansion that covers urban-semi urban and rural corners of the country,” said the statement, adding, “NMB has positioned itself as the bank that does things differently and translated the same in its core focus areas Renewable Energy, Agriculture, MSMEs/SMEs, and Digitization.”

The bank further said its drive to promote Sustainable Value Based Banking in allegiance to its membership of the Global Alliance for Banking on Value has seen the bank achieve international membership including that of the steering committee member of Partnership for Carbon Accounting Financials (PCAF). Joining a league of international banks like ABN Amro and Morgan Stanley amongst others are some of the achievements of the bank.

NMB claimed that it is also one of the leading banks to implement Environmental and Social Risk Management Policy that seeks to mitigate environment and social risks caused by businesses.

The statement further said that the winners of the  Bank of the Year award are judged on the basis of their ability to deliver returns to shareholders, bank’s financial performance, shareholders’ value, customers’ initiative, amongst others parameters.

“We are delighted to have won the award for the third time in 4 years. It is a testament to the hard work and dedication of our staff, the trust bestowed on us by our customers, regulators, the guidance of the NMB Board and support from all stakeholders,” the statement added.

 The bank further said that their efforts during Covid-19 to ensure the customers receive uninterrupted services through “digital and omnichannel platforms” have set industry standards.