The program was held for two days and aimed at improving the bankers´ ability to assist local entrepreneurs and small businesses, states a press release. The event mainly promoted tools for managing risks associated with trade finance products and services, and facilitating agreements between local banks that focus on international trade. [break]
“IFC´s Global Trade Finance Program targets Nepal and Bhutan to help them engage with the global trade network. The participants from banks of both countries will benefit from it,” Per Kjellerhaug, IFC Regional Manager for South Asia, said.
Launched in 2005, the IFC Global Trade Finance Program supports trade with emerging markets worldwide. It aims to increase developing countries´ share of global trade and flows of goods and services among them.
Globally, the program has provided more than $6.5 billion worth of guarantees to over 175 issuing banks in 80 countries. It has also delivered more than 75 training courses in trade finance in over 30 countries worldwide.
Asian Life Insurance holds AGM
KATHMANDU, Feb 5: Asian Life Insurance Company Limited on Friday conducted its 2nd Annual General Meeting in Birgunj.
The meeting approved the company´s balance sheet, profit and loss account and also endorsed the appointment of one member in its Board of Directors for fiscal year 2009/10.
According to the company, it was able to operate 17 branches and provided trainings to 15,000 insurance brokers in current fiscal year. The company also claimed that it has been able to remain in the first position among the life insurance companies. stating a data that it provided largest insurance policy among other eight insurance companies.
According to a statement, the company sold 136,852 policies in total and collected Rs 434 million as premium income.
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