Banking

ADB to invest USD 100 bn for Asia and the Pacific in next decade

Nepal Infrastructure
September 29, 2023

KATHMANDU : The Asian Development Bank (ADB) today approved capital management reforms that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. The expansion of available

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IFC extends first-ever Green GTFP Line to Global IME Bank

Nepal Infrastructure
September 29, 2022

KATHMANDU: The International Finance Corporation (IFC), a member of the World Bank Group, is extending an unfunded short-term facility under the Global Trade Finance Program (GTFP) to Global IME Bank, one of the largest commercial

Banking

FM urges Nepali expats in Korea to bring in FDI to Nepal

Nepal Infrastructure
September 16, 2022

KATHMANDU: Global IME Bank and Global Money Express organised an interaction with Korean officials and Nepali business people and urged them to shore up investment in Nepal. Speaking on the occasion, Finance Minister Janardan Sharma

Banking

Prabhu-Century Bank merger

Nepal Infrastructure
August 1, 2022

KATHMANDU: Century Commercial Bank and Prabhu Bank reached a merger agreement on Sunday. The merger deal of the two leading commercial banks was signed at the meeting of a joint merger committee representing both banks.

Banking

Implementation of monetary policy challenging: CBFIN

Nepal Infrastructure
July 27, 2022

KATHMANDU: The Confederation of Banks and Financial Institutions Nepal(CBFIN) has concluded that it is challenging to implement the recently unveil monetary policy (2022/23) and achieve its goals. “It will be challenging to maintain economic stability, keep