On 17th July, Nabil Bank officially started operation of 12 new branches in Rural Municipalities in Province No. 5, Karnali Province and Province No. 7. Seven out of the 12 branches have been established with UKaid Sakchyam’s support in Accham, Baitadi, Kalikoti, Doti and Salyan.
The branches were officially opened electronically by Honorable Finance Minister Dr. Yuba Raj Khatiwada along with Mr. Shambhu Prasad Poudyal, Chairman of Nabil Bank in a program organized by the Bank. “With the mission of extending professionalized and efficient banking services to cater banking needs of large and wide spread sections of the society, Nabil Bank has started providing services through its 12 new branches at rural areas which will be providing full-fledged banking services to the customers. Nabil Bank has been expanding its network throughout the nation in order to serve the nation with modern banking services”, said Chief Executive Officer of Nabil Bank, Mr. Anil Keshary Shah.
Mr. Baljit Vohra, Team Leader, Sakchyam also expressed happiness over the timely opening of the branches by the Bank in their drive to extend support in Access to Finance in the country. UKaid Sakchyam Access to Finance’s (Sakchyam’s) support to Nabil Bank was made possible as an outcome of the consultations between Ministry of Finance (MoF), Nepal Rastra Bank (NRB) and Nepal Bankers’ Associations (NBA) to expedite bank openings to support local governments beginning the new financial year in July 2018. Sakchyam has supported 54 new remote branch locations in Province 5, Karnali Province and Province 7 by partnering with 13 Commercial Banks. “Through this support we are expanding the reach of banking services to the un/under-served rural populations, energizing economic development, as well as enabling local governments receive federal funding and undertake local financial management functions,” said Mr. Vohra. “These seven branches will also open avenues for individuals and MSMEs in all local units in accessing full-fledged commercial banking services at their doorstep,” he added.