IFC mulls extending $25m loan to Nepal's NMB Bank

IFC mulls extending $25m loan to Nepal's NMB Bank

Patan Durbar Square, Patan, Nepal. Photo: Shaouraav Shreshtha, Unsplash

The International Finance Corporation (IFC) has proposed to extend a loan of up to $25 million to NMB Bank Limited, Nepal’s 7th largest private sector commercial bank in terms of asset size, according to a disclosure.

The proceeds from the loan will be used to support the bank’s lending programme to SMEs. Nearly $6.25 million of the loan sum will also be earmarked for green sub-projects.

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