Mega Bank to utilize Rs 2b loan from Doha Bank

KATHMANDU, Feb 17:  Mega Bank Ltd has signed an agreement to utilize Rs 2 billion in commercial loan from Doha bank.

Issuing a statement on Sunday, the officials of the bank said that, Anupama Khunjeli, CEO of Mega bank and Suraj Bikram Shahi, country head of Doha bank for Nepal, signed the agreement.

After the approval from Nepal Rastra Bank, Mega bank will utilize the loan to ease liquidity and provide loans to entrepreneurs. Mega bank has 111 branches all over the country along with 29 extension counters and 114 ATM.