WCS NMB Nepal (IFC-41302)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Nepal
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
NMB BANK LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 29, 2019

Disclosed by Bank Apr 2, 2018


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Project Description

According to the IFC website, the project consists of a senior loan to be extended to NMB Bank Limited, Nepal. The NMB Bank Limited provides banking products and services to customers in Nepal. The funding to the Bank will support the working capital needs of its clients, especially Small and Medium Enterprise clients in key sectors within Nepal’s economy.

The proposed project is expected to increase access to working capital financing for SMEs in Nepal, which suffer from a significant gap between the current supply of finance and their demand for credit. It is expected that the growth of small and medium enterprises will facilitate business growth, job creation and income generation, especially in key productive sectors of the Nepalese economy.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

NMB Bank Limited provides banking products and services to customers in Nepal.

Contact Information

For inquiries about the project

NMB Bank Limited
+977-01-4246160
Babarmahal, Kathmandu, PoBox - 11543

For inquiries and comments about IFC

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/