Kumari Bank Limited Sign MoU with Germany's DSIK to Advance Sustainable Banking

Kumari Bank Ltd. (KBL) has signed a Memorandum of Understanding (MoU) with Germany-based Deutsche Sparkassenstiftung für internationale Kooperation e.V. (DSIK) to strengthen Environmental, Social, and Governance (ESG) practices and promote sustainable banking in Nepal.

Supported by the German Federal Ministry for Economic Cooperation and Development (BMZ), the partnership is part of a regional initiative to accelerate the social-ecological transformation of the financial sector across selected Asian countries. The agreement was signed by KBL CEO Ram Chandra Khanal and DSIK's Head of Division Asia Dr. Ilonka Ruehle-Stern.

Under the collaboration, DSIK will provide technical assistance through its ESG Risk Radar and Sustainable Finance Compass, while also promoting green entrepreneurship among rural communities and SMEs using its Business Games platform. Kumari Bank said the partnership will help align its sustainability efforts with the Nepal Green Finance Taxonomy 2024 and further strengthen its commitment to supporting Nepal's transition to a low-carbon, climate-resilient economy.