Machhapuchchhre Bank Signs Agreement on Debt Investment with Dubai based Mashreq Bank; To bring in investable fund of USD 10 million to Nepalese investment floor

Machhapuchchhre Bank Limited (MBL) has entered into loan agreement of USD 10 Million with Mashreq Bank, Dubai amidst a signing ceremony held in presence of CEO of the Bank Mr. Suman Sharma and Chief Country Representative- Mashreq Bank Ms. Hema Adhikari.

As envisaged in Monetary policy of 2019-2020, NRB has permitted Commercial Bank of Nepal to borrow loan in foreign currency up to 100% of Tier Capital from licensed pension funds, hedge funds and other financial institution in a bid to ease pressure on shrinking foreign currency reserves, to address liquidity crunch, increase credit in productive & priority sector as stipulated by NRB in its notice dated 2076/05/23.

Encashing the opportunity propelled by NRB, MBL initiation will ensure much needed capital for Infrastructural including other priority sector to supplement the economic growth envisioned by Government of Nepal. 

Machhapuchchhre Bank is providing world class service all over Nepal from 145 branches, 2 extension counters and 138 branchless banking units. Bank has 187 ATM network spread all over the country.