NUBL signs mandate

KATHMANDU: Nirdhan Utthan Bank Ltd (NUBL) has signed a mandate with International Finance Corporation (IFC), a member of World Bank Group, for a loan.

The agreement was signed between Janardan Dev Pant, chief executive officer of NUBL, and Mohammad Rehan Rashid, resident representative of IFC, as per a press release.

The loan from IFC is subject to approval from Nepal Rastra Bank. NUBL has been extending financial services and social awareness to the poor in under-served areas of Nepal in a sustainable manner, and IFC loan shall be mobilised to further broaden outreach of NUBL to expand lending to underserved segments and areas.