Toastmasters Nepal celebrates Citation 2024
12 days ago
Republica
We are a team of professional management and journalists — one of the best in the Nepali media. Our duty toward our readers is to provide them with impartial news, bold views, in-depth analysis and thought-provoking commentary. We shall do this without fear or favor, and we shall be guided by nothing but our conscience.
Know MoreLatest Article By Author
_20240911162456.JPG)
Published On:
November 23, 2016 07:54 PM NPT
By: Republica
FMO ups stake in NMB Bank
KATHMANDU, Nov 23: FMO, the Dutch development bank, has increased its stake in NMB Bank Ltd.
According to a press release issued on Wednesday, FMO has increased its equity investment from 3 percent to 20 percent.
According to the press release, the investment will allow FMO to further contribute and strengthen the financial sector and indirectly continue to support the renewable energy in Nepal.
“FMO is proud to be a pioneer foreign direct investment (FDI) investor to actively support the financial sector in Nepal,” Linda Broekhuizen, Chief Investment Officer of FMO, was quoted in the release.
FMO will assist NMB to become market leader in managing environmental and social risks and will continue to strengthen NMB’s corporate governance through a substantial technical assistance program, the release added.
Leave A Comment