KATHMANDU: NMB bank has added to its list of accolades by winning the “Green Deal of the Year” award from Asian Banking and Finance magazine based in Singapore under the Corporate and Investment Banking Awards category for 2021.
The bank has been recognized as the champion of Green Financing in Nepal for its pioneering debt deal with International Finance Corporation (IFC) under which the bank will provide credit facilities to projects that qualify as Green Deals under the IFC eligibility criteria.
The award demonstrates the Bank’s commitment towards Sustainable Banking and continued support towards climate friendly projects and entrepreneurial activities.
NMB Bank is a committee member of Partnership for Carbon Accounting Financials while having been a member bank of Global Alliance for Banking on Values (GABV) since 2013. The bank is currently scaling up its digital service delivery capabilities rapidly to reduce the environmental impact of paper-based banking while facilitating access to existing customers.
“NMB Bank has been at the forefront of making Green Investments and we believe in making sustainable investments such that they create a balance between the environment and economic activities.” said Sunil KC, CEO of NMB Bank.
NMB Bank has been serving through a network of 181 branches throughout the country and is currently expanding its physical branch network to increase market access and outreach.
The Bank has been awarded with “The Bank of the Year – Nepal” in the years 2017, 2018 and 2020 by The Financial Times, London.