NMB BANK LTD NEPAL
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
FMO’s client is NMB Bank, a commercial bank in Nepal where FMO is the anchor investor.
What is our funding objective?
FMO will co-fund NMB’s digitization program to support the bank in its aim to become the first digital bank of Nepal, including plans to fully digitize internally and externally and with an extensive customer on-boarding and digital financial literacy program.
Why do we fund this investment?
FMO funds this project to support NMB to become the first digital bank of Nepal. Digital banking has the benefit of bringing financial services to the rural and remote areas of Nepal and enables NMB to gain more clients.
More investments
| Date | Total FMO financing |
|---|---|
| 9/8/2023 | USD 10.00 MLN |
| 9/8/2023 | USD 10.00 MLN |
| 9/14/2016 | NPR 3041.94 MLN |
- Website customer/investment
- http://www.nmb.com.np
- Region
- Asia
- Country
- Nepal
- Sector
- Financial Institutions
- Effective date
- 8/14/2019
- Total FMO financing
- EUR 0.14 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+