August 22: Everest Bank has signed a Memorandum of Understating (MOU) with National Private and Boarding Schools’ Association Nepal (National PABSAN) to develop and expand relationship between each other and to promote the product and services of the bank within the member schools of National PABSAN.

As per the agreement, National PABSAN shall support to promote products and services of Everest Bank within its member schools, reads a statement issued by the bank. In return, the bank has agreed to provide SME loan at 10.62 percent rate (BR+2.50 percent) to schools affiliated to National PABSAN with the recommendation from the district wing of National PABSAN.

Someshwor Seth, CEO of Everest Bank, and Ritu Raj Sapkota, president of National PABSAN, signed the MoU amid a recent function.

Everest Bank said it currently has a customer base of over one million.

The Bank has been providing its services through a network of 94 branches, 28 revenue collection counters, and 120 ATMs across the country.