Nepal Investment Mega Bank and Nepal Medical Association Sign Agreement to Provide Special Banking Discounts

4th September 2025, Kathmandu

In a significant move to cater to Nepal’s healthcare community, Nepal Investment Mega Bank Limited (NIMB) has signed a professional agreement with the Nepal Medical Association (NMA), offering exclusive banking discounts and specialized facilities to its members.

NIMB Partners with NMA

This landmark collaboration, formalized through a Memorandum of Understanding (MoU), represents a growing trend in Nepal’s banking sector to create tailored, niche financial products that address the unique needs of professional groups. The partnership is a clear sign of the bank’s commitment to strengthening its relationship with medical practitioners and providing them with structured, secure, and advantageous financial services that go beyond traditional offerings. The MoU was signed by Jyoti Prakash Pandey, the Chief Executive Officer of NIMB, and Dr. Anil Bikram Karki, the President of the NMA, highlighting the high-level commitment from both organizations.

Extensive Banking Reach and Customized Benefits

Under this new agreement, all members of the NMA will gain privileged access to NIMB’s extensive network of 275 branches spread across the country. This nationwide reach is of immense practical value to doctors and health professionals, as it ensures they can access comprehensive banking services conveniently, regardless of their location. For a profession where individuals may relocate or travel frequently for work, having a stable and accessible banking partner is a significant advantage. The core of this collaboration is the provision of a specialized Professional Savings Account, which comes with a complimentary accident insurance coverage of up to NPR 1 million. This specific provision is particularly crucial for medical professionals, who often work long hours and face significant on-the-job risks, offering a vital financial safety net against unforeseen events.

In addition to savings and insurance, the agreement provides an array of financial services with special discounts and preferential terms. These tailored offerings are a direct response to the specific financial needs of medical practitioners. The benefits include:

Professional loans: These loans are structured to support doctors in setting up new clinics, purchasing medical equipment, or expanding existing practices, with terms that are more favorable than those of standard commercial loans.

SME loans: This facility is crucial for members who manage small to medium-scale healthcare enterprises, such as clinics, diagnostic centers, or pharmacies, and require capital for growth and operational needs.

Clean social and personal loans: These are offered to help medical professionals manage personal financial requirements, from educational pursuits to family needs, with the added benefit of flexible terms and competitive interest rates.

Home and vehicle loans: The agreement offers these large-ticket loans at discounted rates, making it easier for doctors to invest in personal assets and secure their long-term financial future.

This comprehensive suite of financial products is a testament to the bank’s commitment to easing the financial burdens on healthcare professionals, allowing them to focus more on their critical practice and patient care.

Driving Digital Transformation in the Healthcare Sector

In line with the national push for digital transformation, the partnership also aims to promote the adoption of digital financial services among medical professionals. NMA members will receive special concessions and discounts on key digital banking solutions, including debit cards, credit cards, mobile banking, and other digital platforms. This initiative is strategically designed to provide a direct incentive for a busy professional group to transition from cash-based transactions to the convenience, security, and efficiency of digital banking. By encouraging this shift, NIMB is not only expanding its digital user base but also contributing to the broader national agenda of fostering a less-cash economy and a more transparent financial system.

The Broader Significance of the Partnership

This collaboration is more than just a commercial transaction; it is a powerful example of how the banking sector can actively support key segments of society. From Nepal Investment Mega Bank’s perspective, such a partnership is a vital part of its strategy to attract and retain high-value clients, strengthen its brand reputation, and demonstrate its corporate social responsibility. CEO Jyoti Prakash Pandey emphasized that the partnership would deliver direct benefits to NMA members, stating that they, as a crucial part of the country’s healthcare system, deserve tailored financial products that match their contributions.

For the Nepal Medical Association, this agreement marks an important step in providing tangible benefits to its members beyond professional advocacy and ethical guidance. NMA President Dr. Anil Bikram Karki underscored the financial pressures that doctors often face, highlighting that access to customized loans and insurance products will significantly enhance the financial security and stability of the medical community. The success of this partnership could serve as a powerful blueprint for future collaborations between banks and other professional organizations, fostering stronger relationships and creating a more inclusive and resilient financial ecosystem in Nepal.

In conclusion, the MoU between Nepal Investment Mega Bank and the Nepal Medical Association represents a forward-thinking initiative that empowers healthcare professionals with customized, accessible, and secure banking services. By offering a robust suite of products—from complimentary accident insurance and concessional loans to digital banking discounts—the partnership is a clear example of how financial institutions can actively support the backbone of a nation’s healthcare system. This alliance is a positive step toward bridging the gap between professional service and financial accessibility, ensuring that the financial well-being of doctors is well-supported as they continue their vital work across Nepal.

For More: NIMB Partners with NMA