Loan Agreement between Nirdhan Utthan Bank and IFC | New Business Age - monthly business magazine in English published from Nepal
× Cover Story Interview Nepal’s Top 30 Business Houses Leadership Automobile Vaastu For Business 4th Newbiz Business Conclave Awards 2017 Nobel Prize in Economics 2017 Tourism Watch Educational Management Best Print Advertisement Published on NBA 2073-74 3rd National B-schools Rating-Ranking-Awards 2017 Investing Organisational Management Company Profile Education Dataspeak Business Visitors Nepal Politics Economy and Policy Cover Story Corporate Focus Business Financing Sectoral Tourism Trends Business Education Startup Scene Stock Taking Liquor Indicators Crossword Corporate Movements Living + Personality Interview No Laughing Matter Special Photospeak


Published on: 2018-06-13     97 times read    0  Comments

Loan Agreement between Nirdhan Utthan Bank and IFC

June 13:Nirdhan Utthan Bank Ltd has signed an agreement with International Finance Corporation (IFC), a member of the World Bank Group, for loan.

 The bank's CEO Janardarn Dev Pant and Mohammad Rehan Rashid, resident representative of the World Bank for IFC in Nepal, signed the agreement amid a function on Monday, June 11. The bank said that the loan from IFC is subject to approval from Nepal Rastra Bank.

As per agreement, IFC will be providing Rs 1 billion loan to the bank. 

Nirdhan Utthan Bank said in a statement that it has been extending financial services and social awareness to the poor in under-served areas of Nepal in a sustainable manner, and the IFC loan shall be mobilized to further broaden the outreach of Nirdhan Utthan Bank to expand lending to underserved segments and areas.

Along with credit lending, the bank has also been conducting various trainings like skill development trainings, entrepreneurship development trainings, financial literacy trainings, business development trainings as well as various awareness programs for poor clients for their socio-economic development.


Nirdhan Utthan Bank has a network of 190 offices which includes 179 branches under 10 regional offices in all 77 districts of all 7 provinces in Nepal. The bank said it has been serving around 311,069 numbers of households in Nepal with outstanding loan balance of Rs 15.09 billion and saving deposit of Rs 7.98 billion as of mid-May 2018. 



No comments yet. Be the first one to comment.
Success Upon Success

Success Upon Success

By Madan Lamsal

The ministers have been working really hard for the country and its people but the people seemingly haven’t got the message. They keep complaining against the government and criticising it perhaps only because they have so much free time. You can protest against anyone but you are not supposed to . . . read more »