4 September 2024, Kathmandu
Mahalakshmi Bikas Bank Limited has signed a Memorandum of Understanding (MOU) with KB Chitrakar & Company Chartered Accountants to implement the Expected Credit Loss (ECL) model in compliance with NFRS 09 under the Nepal Financial Reporting Standards.
Mahalakshmi Bikas Bank Signs
The bank believes that this collaboration will enhance its risk management capabilities and lead to more accurate and transparent financial reporting. The implementation of the ECL model is expected to align the bank with financial reporting standards, strengthen operational capabilities, ensure compliance with regulatory directives, and improve financial discipline and reporting practices.
Mahalakshmi Bikas Bank, operating under the slogan “Strong Bank, Successful Cooperation,” has been providing financial services to the Nepalese people for over 30 years.
