Nepal Engineers’ Association & NIMB Partner: Dedicated Financial Services for Nepalese Engineers
6th June 2025, Kathmandu
Nepal Investment Mega Bank Limited (NIMB) has signed a professional agreement with the Nepal Engineers’ Association (NEA). The partnership aims to provide tailored banking services to engineers across Nepal. The signing ceremony took place in Kathmandu.
Nepal Engineers’ Association NIMB Partner
From NIMB, Chief Executive Officer Mr. Jyoti Prakash Pandey signed the agreement. Representing NEA, President Mr. Subash Chandra Baral also signed. With their signatures, the collaboration officially began.
Purpose Of The Agreement
This agreement focuses on enhancing the financial access and benefits for NEA’s members. It intends to support engineers in their professional and personal financial needs. Both parties emphasized service expansion and empowerment through banking.
NIMB is extending specialized services through its wide network. The bank operates 275 branches across Nepal. Members of NEA can now visit any of these branches to access exclusive offers and banking solutions.
Exclusive Banking Facilities For NEA Members
As per the agreement, NEA members can open a Professional Savings Account. This account comes with a complimentary accidental insurance coverage of up to NPR 1 million. This safety net aims to protect engineers and their families.
Moreover, the account offers attractive interest rates and easy access to banking services. Members also receive dedicated customer service from the bank’s professional team.
In addition to savings accounts, NIMB will provide customized loan packages. These include:
Professional Loans
Startup Loans
Clean and Social Impact Loans
These loan products are designed to meet the growing demand for entrepreneurship and innovation among engineers. Members interested in starting new ventures or expanding their projects can benefit significantly.
Digital And Card Services With Discounts
NIMB is also offering discounted debit and credit card services to NEA members. These cards come with value-added features, cashbacks, and reduced charges.
Furthermore, the bank’s mobile banking services will be available at discounted rates. With digital platforms becoming more popular, the bank wants to ensure that NEA members enjoy a seamless banking experience.
The combination of physical branches and digital tools ensures accessibility for engineers working in both urban and rural areas.
Mutual Benefits For Both Organizations
NIMB’s CEO, Mr. Pandey, shared that this collaboration marks a step forward in professional banking. “We are pleased to work with the Nepal Engineers’ Association. Our goal is to empower professionals with smart financial solutions. Engineers contribute greatly to national development, and we are here to support their growth,” he said.
NEA President Mr. Baral also expressed optimism. “This agreement will help improve financial literacy and access among engineers. It’s a step toward creating an empowered and independent professional community,” he stated.
Both organizations hope to foster long-term cooperation. NIMB plans to use the partnership as a model for engaging with other professional groups as well.
Supporting Innovation And Entrepreneurship
NIMB believes that engineers play a key role in technological progress and infrastructure development. With the right financial tools, engineers can take on larger projects, contribute to national progress, and start their businesses.
The startup loan facility offered in this agreement targets aspiring engineer-entrepreneurs. It provides an opportunity to bring innovative ideas to life. This aligns with Nepal’s broader goal of promoting innovation, employment, and economic self-sufficiency.
The Clean and Social Loan option focuses on engineers working in sectors like clean energy, environmental projects, or social enterprises. The bank believes that such initiatives deserve better financial support.
Nationwide Reach And Long-Term Commitment
With its 275 branches, NIMB assures service coverage across Nepal. Engineers working in remote or underdeveloped regions will still have access to these benefits. The bank has also strengthened its digital platforms to ensure nationwide connectivity.
NIMB emphasized that this is not a one-time deal. The bank plans to monitor, evaluate, and expand the services offered through this agreement. New features and facilities may be introduced based on feedback from NEA and its members.
Looking Ahead
This partnership reflects the growing trend of banks collaborating with professional associations. It highlights the importance of targeted services and sector-specific banking.
Both NIMB and NEA believe that their cooperation will boost productivity, financial security, and innovation among engineers. As the country looks toward modernization, this agreement may serve as a benchmark for other professional groups.
In conclusion, the agreement between Nepal Investment Mega Bank and the Nepal Engineers’ Association sets a positive example. It combines finance with professional development, offering both security and opportunity for Nepal’s engineering community.
For more: Nepal Engineers’ Association NIMB Partner
