Nabil Bank establishes ‘Nabil Sustainable Banking’
Nabil Bank has announced the establishment of Nabil Sustainable Banking. The bank made the announcement through a virtual program on Tuesday.
The bank has announced the establishment of Nabil Sustainable Banking with the objective of promoting entrepreneurship in the most remote places of the country by providing financial access to those who have not yet done banking through Nabil Sustainable Banking.
In line with the United Nations Sustainable Development Goals, Nabil Sustainable Banking is committed to providing facilities to create sustainable micro-enterprises for a strong Nepal at geographical, demographic and economic levels.
Chairman of the Bank, Upendra Prasad Poudyal, said that the overall banking sector has been able to touch the lives of millions and bring positive effects in all aspects.
According to him, over the years, we have progressed along with the size of the economy, the lives of individuals and businesses.
“We need to be aware of the impact on people, the environment, the community, the national economy and the lives of the country as a whole. Therefore, Nabil Bank has set up a Sustainable Banking Department, ‘he said.’ We are not only focused on profit maximization but also on maximized integrated value that combines financial, social and economic value. With this, we will consider the impact on investment companies, society and the overall ecosystem.
The Bank has introduced two products called Nabil Farmers Loan and Nabil Entrepreneurial Loan to develop entrepreneurship and commercialize the agricultural sector for rural Nepal and those with less financial access.
Even if these products are brought to all branches across the country, the Bank will continue to focus on the 17 rural branches initially selected as part of its sustainable activities to make a long-term impact in rural Nepal.
Working towards its sustainable priorities, the Bank has also signed MoUs with the Council for Technical Education and Vocational Training (CTEVT).
Through this agreement, the bank will have to provide its sustainable and other microfinance / disadvantaged sector products to the people who have passed CTEVT across the country and are associated with it.
The MoU was signed by Anil Keshari Shah, Chief Executive Officer of the Bank and Jiv Narayan Kafle, Member Secretary of CTEVT.
The bank has 119 branch offices, 185 ATMs and more than 1,500 Nabil remittance agents across the country.