NMB Bank Secures $60M in Funding to Power Sustainable Growth and Innovation

We are proud to announce that NMB Bank Ltd. has successfully raised NPR 60,000,000 in a fresh funding round that marks a new milestone in the bank’s storied journey in the Nepalese financial market. Licensed as an “A” class financial institution by Nepal Rastra Bank in May 2008, NMB Bank has been making significant strides for over twenty years as one of the leading commercial banks in the region. This new infusion of capital is aimed at bolstering our digital transformation initiatives, expanding our retail and corporate banking services, and further enhancing our innovative offerings in renewable energy and agribusiness—a commitment that echoes our strategic alliance with Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO). Since FMO became the single largest shareholder through a joint venture in September 2016, their support has been instrumental in elevating our risk management practices, particularly in environmental and social aspects. This funding will not only empower us to invest in technology and infrastructure but also deepen our engagement with communities, thereby driving sustainable growth and financial inclusion across Nepal. Over the years, our commitment to excellence has earned us prestigious accolades including the titles of Bank of the Year in 2017, 2018, 2020, and 2021, as well as the esteemed recognition of Bank of the Year 2021 Asia by The Banker, Financial Times, London. As we chart the future course of our operations, this capital injection reinforces our resolve to remain at the forefront of the financial industry, setting new benchmarks for innovation, customer service, and sustainable development in Nepal’s rapidly evolving banking landscape.