September 18, 2021, Saturday
Nepal 1:37:26 pm

NMB Bank Ltd. bags “Green Deal of the Year” Award

The Nepal Weekly
September 7, 2021

NMB bank has received one more award for the outstanding performance 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 for the contribution on 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 reflects 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.

The bank has been investing and leading consortiums of banks to invest in the renewable energy technology based entrepreneurship in Nepal. Similarly it has been acting as the lead-handling bank for Central Renewable Energy Fund of Alternative Energy Promotion Centre (AEPC). NMB Bank Ltd. 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, CEO of the Bank Sunil had stated.

NMB Bank Ltd. has been awarded with “The Bank of the Year – Nepal” in the years 2017, 2018 and 2020 by The Financial Times, London.

Currently, NMB Bank is serving through a network of 181 branches throughout the country.