7th November 2023, Kathmandu
In a remarkable display of corporate social responsibility, NMB Bank Limited has announced a generous donation of NPR 5 million to support earthquake relief efforts in Jajarkot, the epicenter of the recent disaster, and its surrounding areas.
This substantial contribution is expected to significantly bolster ongoing relief and recovery initiatives in the affected region.
NMB Bank Limited, accredited as an “A” class financial institution by Nepal Rastra Bank in May 2008, boasts a formidable presence in the Nepalese financial market, with a rich history of over two decades. It holds a prominent position as one of the leading commercial banks in the nation’s banking industry.
The bank has established a Joint Venture Agreement with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), where FMO is the largest shareholder, possessing 13.69% of the bank’s shares.
This strategic alliance, initiated in September 2016, aligns NMB Bank with FMO, the Dutch development bank, and reinforces the bank’s role as a market leader in managing environmental and social risks. Additionally, it positions NMB Bank as a key player in the domains of renewable energy and agribusiness.
NMB Bank has earned prestigious recognition over the years, including the titles of ‘Bank of the Year’ in 2017, 2018, 2020, and 2021. Notably, in 2021, the bank achieved a historic milestone by being named ‘Bank of the Year 2021 Asia’ by The Banker, Financial Times, London—an accolade that underscores its excellence in the financial sector.
This commendable donation by NMB Bank Limited reflects its commitment to being a responsible corporate citizen and making a meaningful impact on the well-being of the communities it serves.