The International Finance Corporation (IFC), a member of the World Bank Group, is proposing an investment of up to $20 million in Kathmandu-headquartered Sanima Bank, Nepal’s 15th largest bank in terms of total assets.
The proposed investment, which is a 3-year USD denominated senior loan, will be used to finance SMEs in Nepal and broaden the bank’s reach outside Kathmandu, IFC said in a disclosure.
