UNDP partners with NMB to advance sustainable financing UNDP Nepal and NMB Bank have signed a Memorandum of Understanding (MoU) to advance sustainable financing, marking a significant milestone in Nepal’s development journey. Kathmandu 31 Dec, 2024
NEPSE experiences second circuit break following 5% surge The Nepal Stock Exchange (NEPSE) index experienced a second circuit break following a total of 5% surge from the previous day, resulting in a 40-minute halt in the trading floor. Business 28 Jul, 2024
Daraz 11.11, Biggest Sale of the Year Returns - Bigger, Better, and More Exciting Than Ever Daraz, Nepal’s leading e-commerce platform, is thrilled to announce the return of its highly-anticipated biggest sale of the year, 11.11. The sale commences on 11th November and runs through 22nd November, with Daraz offering exciting deals leading up to the big sale. Business 09 Nov, 2023
'Maintaining ESG at the heart of banking strategy is crucial to achieving them' To further empower small and micro enterprises (SMEs) and boost the green taxonomy system in the country, Michael Jongeneel, CEO of FMO, the Dutch entrepreneurial development bank, is in Kathmandu to sign a $20 million loan with the NMB Bank. Business 12 Sep, 2023
Automobile industry faces formidable headwinds ​​​​​​​The automobile industry in Nepal has been facing significant challenges in recent times, primarily due to a shift in the economic environment and evolving priorities among the general public and banks and financial institutions (BFIs). Business 11 Sep, 2023
Banks' profits surge 24.92pc in fiscal 2022-23 ​​​​​​​Commercial banks witnessed a remarkable increase in profits during the fiscal year 2022-23, with their collective profits rising by 24.92 per cent to reach Rs 70.17 billion compared to the previous fiscal’s net profit of Rs 56.17 billion. Business 07 Aug, 2023
Cupon, NMB ink deal Cupon Sports Centre reached an agreement with NMB Bank for the sponsorship of youth football tournament slated for August 9-11. Sports 03 Aug, 2023
Daraz-NMB pact Nepal’s leading e-commerce platform Daraz has launched an NMB loan facility in partnership with NMB Bank. Business 12 Jun, 2023
Khalti-NMB pact Khalti, in collaboration with NMB Bank, has exclusively enabled the service to link NMB Bank. Business 10 Apr, 2023
UK team visits NMB On March 14, members of the House of Commons, United Kingdom and the British International Investment (BII), led by Sarah Champion, chair of the International Development Committee, paid a visit to NMB Bank. Business 23 Mar, 2023
Foreign trade subdued on sluggish demand Nepal’ foreign trade continues to be sluggish even as the government has lifted import restrictions and relaxed cash margin provision, with total foreign trade slumping by more than 20 per cent in the first seven months (mid-July to mid-February) of the current fiscal year 2022-23. Business 23 Feb, 2023
Banks gear up to reduce interest rate on deposits Commercial banks, which had been maintaining the interest rate since mid-October, have decided to reduce the interest rate on deposits from mid-January. Business 13 Jan, 2023
