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NMB Bank secures USD 12 Million in Debt Investment from SIFEM

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NMB Bank secures USD 12 Million in Debt Investment from SIFEM
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December 31: NMB Bank Limited has secured a USD 12 million debt investment deal with the Swiss Investment Fund for Emerging Markets (SIFEM). SIEFM has invested for the first time in Nepal with this deal.

SIFEM and NMB Bank signed the investment deal on December 28.

Issuing a joint statement, Embassy of Switzerland in Nepal and NMB Bank stated that the investment by SIFEM will be used to lend funds to local Micro Small and Medium Enterprises (MSMEs), provide access to finance and contribute to the development of the financial sector, preserve jobs, and boost the resilience of the local economy.

“Nepal is a focus of Switzerland’s development cooperation. The cooperation between SIFEM and SDC by leveraging expertise and synergies between Swiss institutions to advance development in Nepal is an important milestone in Switzerland’s long standing partnership with Nepal,” the statement reads.

The statement said that the deal further assures the commitment of NMB Bank towards acquiring diversified fund sources to bolster its unique brand of sustainable banking.

 

 

 

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