Kumari Bank & DSIK Partner for Sustainable Financial Transformation
8th July 2026, Kathmandu
Committed to driving sustainability through its products, processes, and partnerships, Kumari Bank Limited (KBL) has signed a landmark Memorandum of Understanding (MoU) with German-based Deutsche Sparkassenstiftung für internationale Kooperation e.V. (DSIK).
Kumari Bank & DSIK Partner
This partnership aims to institutionalize Environmental, Social, and Governance (ESG) frameworks and advance sustainable banking practices. Funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), this initiative is part of the regional program, “Social-ecological transformation of the financial sector in selected Asian countries,” marking a major milestone in KBL’s sustainability journey.
The agreement was formally executed by Mr. Ram Chandra Khanal, Chief Executive Officer of Kumari Bank Ltd., and Dr. Ilonka Ruehle-Stern, Head of Division Asia at DSIK. The partnership establishes a structured, two-phase framework designed to institutionalize and scale green banking practices in KBL.
“This partnership is a defining moment for KBL’s sustainability journey,” says Arpan Paudel, Head of Sustainable Banking at Kumari Bank Ltd. By adopting DSIK’s advanced tools and aligning with the Nepal Green Finance Taxonomy 2024, KBL isn’t just checking international boxes; they are actively accelerating the shift toward a low-carbon, green, and resilient economic future.
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Under this agreement, DSIK will provide specialized technical assistance by deploying its proprietary methodologies, including the ESG Risk Radar and the Sustainable Finance Compass. Furthermore, to foster grassroots impact, the partnership will utilize DSIK Business Games, an interactive tool designed to enhance entrepreneurial literacy and green growth capacity among rural communities and Small and Medium Enterprises (SMEs).
As one of Nepal’s premier financial institutions, Kumari Bank Ltd. will leverage its robust network to scale these transformative initiatives. KBL’s expansive footprint includes 286 branches, 303 ATMs, 41 extension counters, 40 branchless banking units, and over 1,100 POS terminals, complemented by cutting-edge digital, mobile, and international Visa card services.
Renowned for its customer-centric innovation and strong corporate governance, Kumari Bank’s collaboration with DSIK reinforces its role as a pivotal catalyst in driving sustainable economic development and supporting Nepal’s transition toward a cleaner, climate-resilient future.
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