NMB Bank has been recognized as Bank of the Year in Nepal for 2018 by The Banker, a service of the Financial Times, for its leading role in the country’s financial sector by using new digital technologies. This is the second consecutive year for the bank to hold this title.
Regarded as the industry standard for banking excellence, the award is given to top global banks based on their performance and ability to deliver returns, gain strategic advantage and serve their markets. NMB Bank’s CEO Sunil KC accepted the award during the annual awards ceremony held in London on 29 November 2018.
Accepting the award, the bank’s CEO Sunil KC said,
The most important elements in the bank’s success have been trust and respect earned from our stakeholders by demonstrating a high degree of corporate governance standards, ensuring our customers and people are at the core of our strategy with a high emphasis on value and a sustainable banking business model. [This] has been the key to our success.
Felicitating NMB Bank with ‘Bank of the Year in Nepal for 2018’ title, The Banker said,
Taking a proactive step in providing assistance for a customer base and developing the domestic economy, in the face of real challenges from the country’s overall outlook, has been a hugely ambitious step for NMB Bank. However, these ambitious plans have been met with success, and picking up the Bank of the Year award for Nepal.
In recognition of the need for better banking services for the whole population to foster economic growth, NMB employed the assistance of consulting firm Si-Creva to provide guidance. The result was plans to target Nepal’s small and medium-sized enterprise (SME) segment, as well as the country’s entrepreneurs, with programs to support them along the value chain.
On the advice of Si-Creva, the bank is also establishing a program to tackle the gender imbalance in financial inclusion. NMB is the first bank in Nepal to create such a scheme, in recognition of the role women have to play in the continued growth and development of the country as a whole.
The bank’s own strong position has paid off as it became the first bank in Nepal to sign a mandate with the International Finance Corporation for a loan of $15m. The loan will be used to promote SMEs and boost tourism in the country.
Started in 1996 as Nepal Merchant Banking and Finance Company, NMB became a class ‘A’ bank in 2008. In its 22 years of journey, the commercial bank has emerged to become a leading financial institution in Nepal. The bank at present has been providing its services across the country through its 110 branches and four extension counters and over 94 ATM outlets.
NMB Bank is one of the earliest banks to partner with Khalti Digital Wallet. Users can load fund in their Khalti account using the bank’s E-Banking services, as well as its mobile banking app.
You can load funds to Khalti from NMB Mobile Banking in these 5 simple steps:
1. Login to your NMB Mobile Bank using your mobile banking credentials
2. Tap on payment option on your home screen and tap on ‘Load wallet’
3. Select ‘Khalti Payment’
4. Enter the desired amount, Khalti ID ( i.e your Phone Number registered with Khalti ) and your transaction password (i.e Provided by the bank )
5. Now confirm details and complete the transaction
Your Khalti wallet will be loaded instantly