Machhapuchchhre Bank inks MoU with ADB for its Trade and Supply Chain Finance Program; to extend financing facility to SME sector of Nepal

Sun, Jan 17, 2021 5:34 AM on Latest, Corporate,

Machhapuchchhre Bank has inked an agreement with Asian Development Bank for later’s Trade and Supply Chain Finance Program.

The MoU for the collaboration was signed between Chief Trade and Supply Chain Finance of ADB Mr. Steven Wik and CEO of Machhapuchchhre Bank Mr. Santosh Koirala amid a program.

Following the agreement, Machhapuchchhre Bank will provide a Financing service in Trade and guarantee to the small and medium enterprises in Nepal, as per the media statement.

The bank currently serves its customers via 160 branches, 141 branchless banking units, 5 extension counters, 198 ATM booths, and more than 1000 POS terminals throughout the nation.