Civil Bank inks deal with Bibek Automobiles; upto 70% investment in Piyajo 3 wheelers making youths employed inside Nepal
Civil Bank Limited has inked a deal with Bibek Automobiles Pvt. Ltd. To extend the scope of the existing credit facilities towards poverty reduction. The agreement was signed by Chief Business Officer Mr. Sujit Kumar Shakya and Executive Director of Bibek Automobiles Mr. Bibek Duggad amidst a program.
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As per the agreement, the bank will provide an investment upto 70% to an Italian based 3 wheeler vehicle “Piyajo” which would be used to ferry goods and people. Following the easy availability of investments over the carrier vehicles, the unemployment youths would find employment inside the nation, reads the press statement issued by the commercial bank.
The bank is also providing credit facilities to minimize poverty through its 59 branch and 9 branchless banking facilities.
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As per the agreement, the bank will provide an investment upto 70% to an Italian based 3 wheeler vehicle “Piyajo” which would be used to ferry goods and people. Following the easy availability of investments over the carrier vehicles, the unemployment youths would find employment inside the nation, reads the press statement issued by the commercial bank.
The bank is also providing credit facilities to minimize poverty through its 59 branch and 9 branchless banking facilities.
