Nabil Bank and Nepal Chemists & Druggists Association collaborate to support Chemists and Druggists Businesses; bank to issue customized SME loan to support medicine business

Nepal’s leading commercial bank, Nabil Bank, and Nepal Chemists & Druggists Association, Kathmandu (NCDA) have collaborated to support Chemists and Druggists businesses by providing customized SME loans for catering requirement of different loan sizes subject to successful compliance with the bank’s credit norms.

Under this strategic partnership, the bank agrees to be a supportive bank in fostering the Chemists and Drug business sectors in Nepal. Furthermore, NCDA supports its members by providing linkage with the Bank.

Mr. Niraj Kumar Basnet (Danil), Head-SME & MF Division, Nabil Bank, and Mr. Badri Prasad Shrestha, President of NCDA, Kathmandu signed the agreement in a program organized by NCDA with a wholesaler of Kathmandu, Bhaktapur, and Lalitpur in the presence of Mr. Bharat Bhattarai, Head of Department and Drug Administration.

Speaking about the partnership, Mr. Niraj Kumar Basnet (Danil), Head-SME & MF Division, Nabil Bank said, “Nabil Bank has always been a pioneer in venturing various facilities/services to Chemists and Druggists Businesses around the country in order to increase and uplift the overall economy of the nation. We are one of the leading banks to finance in Medicine line in view of sustainable growth of the customers as well as the bank. We are hopeful that this partnership shall help our customers to fulfill the current gap in the financial management of the borrowing. Also, Nabil Bank is delighted to be associated with the businesses involved in emergency services.”